Puffer Protocol Announces Token Economy for Liquidity Recollateralization Expected to Open Airdrop Redemption Next Monday

Puffer Protocol Announces Token Economy for Liquidity Recollateralization Expected to Open Airdrop Redemption Next Monday

Puffer Protocol Announces Token Economy for Liquidity Recollateralization Expected to Open Airdrop Redemption Next Monday

Puffer Finance, the Ethereum liquidity repledge protocol, announced on Thursday its tokenomics, ownership, and distribution plan for its native token PUFFER. 7.5% of the total token supply will be allocated to the first season airdrop of its marketing campaign called “Crunchy Carrot Quest.” Eligible users will be able to claim PUFFER tokens starting from October 14th.

According to official information, the total token supply of PUFFER is 1 billion, with an initial supply of 102.3 million (10.23%). The distribution and ownership schedule of the tokens are as follows:
[Image]

Source:
Puffer Finance

Ecosystem and Community (40% of PUFFER total):
To be used for future airdrop activities, community incentives, and initial liquidity on exchanges.

Investors (26%):
Investors will receive their token allocations over a period of three years, with a one-year lock-up period and a two-year ownership period.

Early Contributors and Advisors (20%):
This portion is allocated to the Puffer core team and advisors, with a one-year lock-up period and a three-year ownership period.

Protocol Guild (1%):
To support Ethereum core development, with a four-year ownership period.

Crunchy Carrot Quest Season 1 Airdrop (7.5%):
This portion will be distributed to early participants of the Crunchy Carrot Season 1 campaign. The airdrop eligibility snapshot was completed on October 5, 2024. Puffer stated that 65% will be available for claiming on the first day, while the remaining portion will be gradually unlocked within six months to ensure equal opportunities for all community members.

Crunchy Carrot Quest Season 2 Airdrop (5.5%):
This portion will be allocated to participants of the Crunchy Carrot Quest Season 2, starting after the completion of the Season 1 airdrop snapshot on October 5th.

Users who qualify for the Season 1 airdrop can claim their tokens on the official Puffer claiming website. The claiming period will be open from October 14th, 19:00 (Taiwan time) to January 14, 2025, 19:00.

Puffer emphasized that although many people primarily view the protocol as a liquidity repledge protocol, its business scope has significantly expanded in recent months, including the Based Rollup solution Puffer UniFi and the first pre-confirmation service UniFi AVS, enabling 100ms transactions on Ethereum.