Puffer Finance Airdrop: Governance Token to Shape Protocol Parameters from October 14

Puffer Finance Airdrop Claim to Open on October 14, Allowing Users to Stake for vePUFFER Governance

Puffer Finance, the platform and rollup solution for liquid restaking infrastructure, has announced the launch of its new governance token as well as information about an upcoming airdrop. With an initial supply of 102.3 million tokens, Puffer has a total supply of 1 billion tokens. 40% goes toward ecosystem and community projects, 13% goes into airdrops, 1% goes toward Ethereum core development, 20% goes toward early contributors and advisers, and 26% goes toward investors.

Through the first season of an airdrop campaign named “Crunchy Carrot Quest,” the project has allotted 7.5% (75 million tokens) of the supply. Fifty percent of the tokens will be distributed during the current second season.

UniFi Rollup and AVS Preconfirmation: Puffer Finance’s Latest Expansion Beyond Liquid Staking

When Puffer LST was introduced, Puffer Finance started off as a liquid staking protocol. Later, it evolved to include liquid restaking on EigenLayer. In order to expedite rollups, the platform is also creating UniFi, a rollup that makes use of Ethereum validators for transaction sequencing, and UniFi AVS, a preconfirmation service.

The vote escrow will underpin the Puffer token, enabling users to stake for vePUFFER, a different token that grants holders governance rights in direct proportion to their votes. With the token, the community will be able to influence governance choices about protocol parameters, such as costs and security precautions. Starting on October 14, 2024, and running until January 14, 2025, when the airdrop claim process will open.

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