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Puffer Finance Unveils Rollup Solution Based on Puffer UniFi
Puffer Finance, a liquid resttaking protocol on EigenLayer, has announced the launch of its rollup solution based on Puffer UniFi.
The new rollup solution aims to address challenges such as liquidity fragmentation in the market. The Ethereum blockchainPuffer’s solution solves this problem with a unified liquidity layer. It also enables synchronous composability across blockchain applications.
When it goes live, Puffer UniFi will provide technology that improves features such as transaction efficiency and economic sustainability.
Puffer UniFi to Integrate Ethereum Security
The Puffer Finance team said in a press release on Monday that the rollup will integrate with Ethereum’s Layer-1 network.
UniFi will allow projects to deploy dApps on their own blockchains, providing greater autonomy and benefiting from Ethereum’s decentralized architecture and security.
By leveraging Ethereum for security and better user experience, Puffer UniFi is also expected to strengthen the cryptocurrency’s adoption trajectory.
Rollups are notably a scaling solution that helps L1 blockchains overcome challenges such as network congestion by performing transactions off-chain. These are then grouped into a single transaction that is finalized on the base layer.
UniFi leverages Layer 1 sequencing and integrates pre-confirmations from Puffer Finance’s re-staked validators. The design allows UniFi to transition from a centralized sequencer to a decentralized network, the project said in a recent release. job. It is thus able to maintain “fast, cheap and reliable transactions”.
“At Puffer, we’re tackling Ethereum fragmentation by fundamentally changing the way transactions are sequenced for the betterment of Ethereum,” said Amir, a core contributor at Puffer. “UniFi isn’t just another deployment; it’s the catalyst for a unified Ethereum ecosystem, delivering the user experience needed to onboard the next billion users.”
Puffer Finance announced an $18 million Series A funding round in April this year, with the funding coming ahead of its mainnet launch.