Ethereum liquidity re-pledge protocol Puffer Finance announced on Thursday the token economics, attribution and distribution plan of its native token PUFFER. 7.5% of the total token supply will be allocated to the first prize of its marketing event "Crunchy Carrot Quest" For the quarterly airdrop, the official will open qualified users to receive PUFFER tokens on October 14th.

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

Source: Puffer Finance

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

  • Investors (26%): Investors will receive their token allocation within 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 Puffer core team and advisors, with a one-year lock-up period and a three-year vesting period.

  • Protocol Guild (1%): used to support the core development of Ethereum, with a four-year vesting period.

  • Crunchy Carrot Quest Season 1 Airdrop (7.5%): This portion will be allocated to early participants of the Crunchy Carrot Season 1 event, and the airdrop eligibility snapshot was completed on October 5, 2024. Puffer said that 65% will be open to claim on the first day, and for large depositors, the remainder will be gradually unlocked over 6 months to ensure that all community members have equal opportunities.

  • Crunchy Carrot Quest Season 2 Airdrop (5.5%): This portion will be allocated to Crunchy Carrot Quest Season 2 participants, which has begun on October 5 upon completion of the Season 1 airdrop snapshot.

Users who qualify for the first quarter air investment can claim tokens on the Puffer official claim website. The open claim period is from 19:00 on October 14 to 19:00 on January 14, 2025, Taiwan time.

Puffer said that while many view the protocol primarily as a liquidity re-hypothecation protocol, its scope has expanded significantly in recent months to include based rollup solution Puffer UniFi, as well as the first to enable 100ms on Ethereum UniFi AVS, a pre-confirmation service for transactions.

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