Puffer Finance, a decentralized liquidity re-collateralization protocol on Ethereum, 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.” Eligible users will be able to claim PUFFER tokens on October 14th.
According to official data, the total supply of PUFFER tokens is 1 billion, with an initial supply of 102.3 million (10.23%). The token distribution and ownership schedule is as follows:
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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 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%):
To support the core development of Ethereum, with a vesting period of four years.
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 snapshot for airdrop eligibility was completed on October 5, 2024. Puffer stated that 65% will be available for claim 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, which will commence after the completion of the Season 1 airdrop snapshot on October 5th.
Users eligible for the Season 1 airdrop can claim their tokens on the official Puffer claiming website from 19:00 on October 14th, Taiwan time, until 19:00 on January 14, 2025.
Puffer emphasized that while many consider the protocol primarily as a liquidity re-collateralization protocol, its business scope has expanded significantly in recent months, including the Based Rollup solution Puffer UniFi and UniFi AVS, the first pre-confirmation service enabling 100ms transactions on Ethereum.
