Chainfeeds Summary:
Puffer Finance has evolved from its initial LRT to become a unified solution centered on ETHEREUM. Mechanism Capital researcher Roland explains how their Based Rollup stack UniFi addresses the fragmentation issue of ETHEREUM.
Source:
https://www.mechanism.capital/based-rollups-will-unify-ethereum-puffer-finance/
Author:
Roland
Viewpoint:
Roland: Based Rollups are an advanced scaling method that integrates directly with ETHEREUM's shared sequencer, bypassing the need for centralized sequencers (typically used in other optimistic and zero-knowledge L2s). In essence, the Based Rollup solution verifies transactions directly on the L1 itself, thereby most effectively leveraging ETHEREUM's existing mechanisms. Puffer UniFi is ETHEREUM's Based Rollup, addressing the issue of liquidity fragmentation in ETHEREUM through the implementation of synchronized composability. Through atomic composability, UniFi will enable seamless, integrated interaction between Layer1 and Layer2 within a single ETHEREUM block. To achieve real-time proofs, Puffer UniFi utilizes TEE as its processing stack. UniFi provides near-instant execution confirmation through preconf. Due to the 12-second ETHEREUM block time limiting fast transaction finality, preconf is crucial for user experience. To address this, Puffer has developed a proprietary preconf AVS that can guarantee (in ~100ms) a transaction will be included in the next block, boosting the speed and reliability of the Based Rollup ecosystem. Puffer UniFi Preconf AVS is the first of its kind running on EigenLayer. Puffer Finance is launching vePuffer as a token economic update. Its purpose is to deliver value to token holders and coordinate incentives across the entire ecosystem. They achieve this through the introduction of decentralized governance, tradable points, flexible strategies, bribery markets, competing protocols, and community-driven rewards.
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