Next "Big Hair"? Puffer Finance is about to conduct a token airdrop
The Crunchy Carrot Quest Season 2 event was launched on October 5, with 5.5% of the tokens being distributed as airdrop rewards.Author: Asher, Odaily Planet Daily
On October 10, the Ethereum restaking protocol Puffer Finance announced the PUFFER tokenomics, with 7.5% allocated for the Crunchy Carrot Quest Season 1 airdrop. Additionally, in the coming days, multiple exchanges including Gate.io, Bitget, Huobi HTX, and KuCoin announced that they will list PUFFER on October 14 at 8 PM.
Puffer Finance stated that the snapshot for Crunchy Carrot Quest Season 1 was completed on October 5, and the token claim window will open from October 14, 2024, to January 14, 2025 (token claim link: https://claims.puffer.fi/). Meanwhile, Crunchy Carrot Quest Season 2 has now launched, with 5.5% of the tokens allocated as airdrop rewards for the second season activities. Below, Odaily Planet Daily will provide insights into the Puffer Finance project, token economic model, and Crunchy Carrot Quest Season 2 activities.
Project Introduction
Image source: Official Twitter
As a native liquidity restaking platform built on EigenLayer, Puffer Finance accumulates PoS and restaking rewards by introducing native liquidity restaking tokens (nLRT). Its core goal is to enhance Ethereum's decentralization by maintaining its "trustworthy neutrality." In the fierce market competition, Puffer Finance leverages the concept of distributed and decentralized computing nodes, utilizing TEE trusted execution environment technology and hardware support like SGX to achieve node anti-slashing, ensuring the security of staked assets while providing users with more returns and rewards.
In May 2023, Puffer Finance received a grant from the Ethereum Foundation to support its open-source remote signing tool Secure-Signer; in August of the same year, it announced the completion of a $5.5 million seed round financing. This year, Puffer Finance also received strategic investment from Binance Labs and announced the completion of an $18 million Series A financing in April, showcasing its continued rapid development momentum.
According to DefiLlama data, as of today, Puffer Finance ranks second in TVL among Ethereum liquidity staking protocols, exceeding $1.333 billion, making it a leading project in this sector.
Token Economics
According to the official documentation, the Puffer Finance token PUFFER has a total supply of 1,000,000,000 tokens, with 10.23% of the total supply (102,300,000 tokens) available at TGE. The specific allocation ratios are as follows:
- Ecosystem and Community: 400,000,000 PUFFER, accounting for 40% of the total supply. These tokens are used to build a vibrant and participatory ecosystem, rewarding community support and ensuring sustained growth;
- Supporting Ethereum Core Development: 10,000,000 PUFFER, accounting for 1% of the total supply. According to the protocol commitment, these tokens will be used to support Ethereum core development and will unlock over 4 years after TGE;
- Season 1 Airdrop: 75,000,000 PUFFER, accounting for 7.5% of the total supply. These tokens are used to reward early supporters of Puffer who participated in Crunchy Carrot Quest Season 1, with 65% unlocking at TGE and the remaining portion gradually released over the next 6 months;
- Season 2 Airdrop: 55,000,000 PUFFER, accounting for 5.5% of the total supply. These tokens will be used to reward participants in Crunchy Carrot Quest Season 2, which started on October 5;
- Core Team and Advisors: 200,000,000 PUFFER, accounting for 20% of the total supply. These tokens will be locked for one year at TGE and then gradually released over the next two years;
- Investors: 260,000,000 PUFFER, accounting for 26% of the total supply. These tokens will be locked for one year at TGE and then gradually released over the next two years.
PUFFER Token Economic Model
Crunchy Carrot Quest Season 2 Activities Have Started
As the Crunchy Carrot Quest Season 1 activities concluded, Season 2 activities have already begun. Since Puffer Finance is a strategic investment project of Binance Labs, its security is relatively assured. For those who missed the Season 1 airdrop and have ETH in their wallets, don't miss the Season 2 airdrop activities to earn some "passive income" from the ETH in your wallet. The specific operation tutorial is as follows.
Interactive website: https://claims.puffer.fi/
STEP 1. After entering the interactive website, click "Join now" under the Airdrop Season 2 section.
STEP 2. After clicking "Launch Quest," connect your wallet in Chapter 4.
STEP 3. Click "Stake" to stake ETH, stETH (which can be obtained by staking ETH with Lido), or wstETH.
Previously, due to incorrect third-party platform data provided by zkLink Nova, some Puffer Finance users' EIGEN airdrops were diluted. To compensate affected users, Puffer Finance officially purchased 476,000 EIGEN (worth approximately $1.869 million) from the secondary market to fully compensate the affected users, demonstrating great sincerity. Therefore, whether this Puffer Finance token airdrop will become a "luxurious feast" for "profit seekers" will be revealed on October 14 at 8 PM.
