AirPuff Review 2026: Leveraged Restaking Points Farming

AirPuff is a DeFi protocol that combines lending with leverage to farm points and airdrops from liquid restaking projects and EigenLayer. Tracker data places it in the leveraged farming category and lists it since March 2024.

The homepage describes three user types: lenders who earn fixed interest and a share of airdrop rewards, leveraged users who borrow from the pool, and APUFF holders who lock the token for emissions, points sharing and bribes. The stated mission is to support new projects and share referral bonuses, with restaking as the main focus.

It is listed on Ethereum, Arbitrum, Mode, Mantle and zkLink, among others. Total value locked is about $663,000, which is small, and tracker data lists no audits. Fee levels, team identity and detailed risk parameters are not published on the homepage.

AirPuff runs a lending pool. Lenders deposit assets and earn fixed interest, plus part of any airdrop rewards the protocol collects. Those deposits become the liquidity that other users borrow.

Leveraged users, which the site calls Leveragoors, borrow from the pool to take larger positions in liquid restaking tokens (LRTs). Many restaking projects hand out points that may later convert into airdrops. By borrowing, a user can earn more points per unit of their own capital, in addition to the restaking yield.

The APUFF token sits on top. Holders can lock it to receive emissions, shares of points and bribe rewards, and a vote-escrow design (veAPUFF) governs the protocol. The returns depend heavily on whether the underlying airdrops are valuable, which no protocol can guarantee.

AirPuff does not publish a fee schedule on its homepage. Interest rates for lenders, borrowing costs for leveraged users and any performance or protocol fees would be shown inside the app or in the documentation.

The homepage describes the platform as low-cost, but gives no figures. Users should also account for network gas on each chain and the cost of borrowing against expected points rewards before opening a leveraged position.

Tracker data lists no audits for AirPuff. The homepage links a Security page, but its text does not name an auditor or report. Without audits, smart-contract bugs are a larger concern than usual, and leveraged positions can be liquidated.

The protocol is non-custodial in the usual DeFi sense, since users interact from their own wallets, though funds sit in smart contracts. The team, regulatory status and any past incidents are not stated on the homepage. Airdrop-farming strategies also depend on third-party restaking projects behaving as expected. Check local rules on using DeFi before participating.

AirPuff is aimed at experienced DeFi users who farm airdrops and understand liquid restaking, leverage and liquidation risk. Lenders chasing fixed interest plus airdrop share may also look, but should size positions small given the absence of listed audits. It is not suited to beginners or anyone who cannot tolerate losing their deposit.