Puffer Finance, a liquid recovery protocol on EigenLayer, has announced the launch of its Puffer UniFi-based rollup solution.
The new rollup solution aims to address challenges such as liquidity fragmentation on the Ethereum blockchain. Puffer’s solution addresses this problem through a unified liquidity layer. It also enables synchronous compilability between blockchain applications.
When it goes live, Puffer UniFi will provide the technology that improves functions 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 based rollup will integrate Ethereum’s Layer-1 network.
UniFi will enable projects to deploy dApps in their own app chains, providing greater autonomy and taking advantage of Ethereum’s decentralized architecture and security.
By leveraging Ethereum for security and a better user experience, Puffer UniFi will also strengthen the cryptocurrency adoption journey.
Rollups in particular are a scaling solution that helps L1 blockchains overcome challenges such as network congestion by keeping transactions off-chain. These are then bundled into one transaction that is completed at the based layer.
UniFi uses Layer-1 sequencing and integrates pre-validations from Puffer Finance’s repurposed validators. The design allows UniFi to scale from a centralized sequencer to a decentralized network, the project said in a recent post. Thus, it is able to maintain “fast, cheap and reliable transactions”.
“At Puffer, we are addressing Ethereum fragmentation by fundamentally changing the way transactions are sequenced in favor of Ethereum,” said Amir, a core Puffer employee. “UniFi is not just a package; it is the catalyst for a unified Ethereum ecosystem, one that delivers the UX for the next billion users.”
Puffer Finance announced an $18 million Series A round in April this year, with the funding ahead of the mainnet launch.