Puffer Finance (@puffer_finance) seems to be building momentum for the coin issuance - there are 5 times the points of the pledge reward in the front, and 18 million US dollars of financing benefits in the back; if you are also paying attention, this is a simple tutorial on "Catching the last train of Puffer airdrop" 🚗
There are three main ways to participate, you can choose as needed.
1️⃣Pledge during the 5 times points event
Similar to the sprint event before the coin issuance of http://Ether.fi, friends who have $ETH chips and are worried about where to go will deposit them now. It will be much more cost-effective than before. Staking $stETH or $wstETH can get 5 times the deposit reward; it should be noted that: Puffer currently has no exit mechanism, and pufETH can only be exchanged for ETH/WETH through DEX, which has certain wear and tear.
Invite link: https://quest.puffer.fi/chapter3?invite_code=0x6d62ce5045e90a9fba284a75dc79bcea8681a33e
2️⃣Buy pufETH at a discount on DEX
Without considering the 5x points income, you can also choose to buy pufETH at a discount on Curve for arbitrage. Currently, 100 ETH can buy 100.36 pufETH, earning a price difference of 3.6 per thousand.
Personally tested, using OK Web3 wallet, you can directly exchange ETH for stETH, and then stake it. Then stake pufETH to Zircuit, and I don’t know how much I ate.
3️⃣Pendle buys YT
If you want to make a profit with a small amount of money, you can’t avoid the Pendle casino. Currently, each Pendle pufETH YT that expires on June 27, 2024 is worth $222.55. It is a good choice to buy YT and wait for the expiration date to redeem the profit, or sell it when Puffer announces the coin issuance news to earn the difference.
Note: YT prices will fluctuate with market supply and demand, and the closer to the expiration date, the lower the value.