Puffer Finance, which has been invested by many major companies from Binance to Coinbase, Brevan Howard to Franklin Templeton, has announced the details of its new token and airdrop. The request period for the airdrop will start on October 14 and end on January 14, 2025.
A total of 1 billion tokens will be created, and 102.3 million of them will be put into circulation in the first stage. The details of the PUFFER token, which will be airdropped in two periods, are as follows:
- Rate allocated for the ecosystem and community: 40%
- Airdrop Season 1: 7.5% (Screenshot taken on October 1)
- Airdrop Season 2: 5.5%
- Investor group: 26%
- Early participants and advisors: 20%
- Protocol developers: 1%
In addition to the Puffer token, there will also be another token called vePuffer. This token will determine the voting rates of participants on governance proposals.
The locked asset value in Puffer Finance, which raised $18 million in an investment round led by Brevan Howard Digital in April, is currently around $1.3 billion…
The largest Ethereum protocol is another liquid staking protocol, Lido Finance. The TVL value here is more than $23 billion…
