Puffer Finance, the Ethereum liquidity re-collateralization 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 “Crunchy Carrot Quest”, and eligible users will be able to claim PUFFER tokens starting from October 14th.
According to official data, 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:
Source: Puffer Finance
Ecosystem and Community (40% of PUFFER supply):
This portion will be used for future airdrop campaigns, 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 vesting period.
Early Contributors and Advisors (20%):
This portion is allocated to the core team and advisors of Puffer, with a one-year lock-up period and a three-year vesting period.
Protocol Guild (1%):
This allocation is used to support Ethereum core development and has a four-year vesting period.
Crunchy Carrot Quest Season 1 Airdrop (7.5%):
This portion will be distributed to early participants of the Crunchy Carrot Quest Season 1 event. The airdrop eligibility snapshot was completed on October 5, 2024. Puffer states that 65% will be available for claim on the first day, and the remaining portion will be gradually unlocked within six months to ensure equal opportunities for all community members, including large depositors.
Crunchy Carrot Quest Season 2 Airdrop (5.5%):
This portion will be distributed to participants of the Crunchy Carrot Quest Season 2 event, which started after the completion of the Season 1 airdrop snapshot on October 5.
Users who are eligible for the Season 1 airdrop can claim their tokens on the official Puffer redemption website. The redemption period will be open from 19:00 on October 14th, Taiwan time, until 19:00 on January 14, 2025.
Puffer stated that while many primarily view the protocol as a liquidity re-collateralization protocol, its business scope has significantly expanded in recent months, including the Based Rollup solution Puffer UniFi and the UniFi AVS, which is the first pre-confirmation service enabling 100ms transactions on Ethereum.
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