Puffer Finance, a protocol for liquidity restaking on Ethereum, announced on Thursday its token economics, 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,” with eligible users able to claim PUFFER tokens on 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 token distribution and ownership schedule is as follows:
Source: Puffer Finance
Ecosystem and Community (40% of PUFFER total):
Intended for future airdrop activities, community incentives, and initial liquidity on exchanges.
Investors (26%):
Investors will receive their token allocation over three years, with a one-year lock-up period and two-year ownership 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 three-year ownership period.
Protocol Guild (1%):
Allocated for supporting core development on Ethereum, with a four-year ownership period.
Crunchy Carrot Quest First Season Airdrop (7.5%):
This portion will be distributed to early participants in the first season of the Crunchy Carrot campaign, with the airdrop eligibility snapshot completed on October 5, 2024. Puffer stated that 65% will be available for claim on the first day, with the remaining portion gradually unlocking within six months to ensure equal opportunity for all community members.
Crunchy Carrot Quest Second Season Airdrop (5.5%):
This portion will be allocated to participants in the second season of the Crunchy Carrot Quest, beginning after the completion of the first season airdrop snapshot on October 5th.
Users eligible for the first season airdrop can claim tokens on the official Puffer claim website from 19:00 Taiwan time on October 14th until 19:00 on January 14, 2025. Puffer stated that while many primarily view the protocol as a liquidity restaking protocol, its business scope has expanded significantly in recent months, including the Based Rollup solution Puffer UniFi, and the first pre-confirmed service UniFi AVS enabling 100ms transactions on Ethereum.