Yesterday, we provided a brief introduction to $PUFFER — our governance token for all Puffer products and services, as well as the vePUFFER Governance Mechanism. As we march towards our TGE, we would now like to provide an in-depth look at the $PUFFER tokenomics, the vesting and distribution schedule.

Highlights:

• A total of 75 million $PUFFER tokens, 7.5% of the total supply is allocated for Crunchy Carrot Quest Season One airdrop.

• As part of our Protocol Guild Pledge, 1% of $PUFFER supply will support Ethereum core development with a 4 year vesting period.

While many primarily recognize Puffer as a Liquid Restaking Protocol, our remit has expanded significantly in recent months to include Puffer UniFi, our flagship Based Rollup solution, and UniFi AVS, the first-of-its-kind preconf service for based rollup preconfirmations. Moving forward, the $PUFFER token will play a pivotal role in shaping the future of the expanding Puffer ecosystem.

Throughout our recent phase of expansion, we have not deviated from our overarching mission to build a trustless, decentralized, and community-governed protocol. To uphold this standard, we established the Puffer Foundation, with a clear mandate to ensure our growth aligns with the community’s vision. The Foundation will provide initial guidance, but the true power lies with our community through transparent governance.

Building on this foundation of trust and transparency, the $PUFFER token will empower our community to participate in key decisions, guiding Puffer’s future and keeping Ethereum’s core principles at the heart of everything we do.

$PUFFER Tokenomics Overview

Token Ticker: $PUFFER

Total Supply: 1,000,000,000

Initial Supply: 102,300,000 (10.23%)

$PUFFER Distribution and Vesting Schedule

Our distribution plan has been thoughtfully crafted with a deep commitment to our core values of decentralization, inclusivity, and sustainable growth. At the heart of our strategy is the community, as we aim to reward active participation and nurture a vibrant ecosystem.

Ecosystem & Community (40%)

Allocated to initiatives that build a dynamic and engaged ecosystem, rewarding community support and ensuring continuous growth. This reserve will fund future airdrop seasons, community incentives, and initial liquidity on exchanges.

Protocol Guild (1%)

Puffer began with an Ethereum Foundation Grant. In alignment with our Protocol Guild Pledge, 1% of the total $PUFFER supply will support Ethereum core development, vested over a 4-year period. As UniFi operates directly on the Ethereum Mainnet, this contribution strengthens the security and scalability of Ethereum, benefiting the broader ecosystem. We’re committed to ongoing research, innovation, and community growth. We believe that empowering developers is the best way to do this.

Airdrop Season 1 (7.5%)

7.5% is allocated to the Crunchy Carrot Quest Season One airdrop, available immediately to reward early Puffer supporters from the Crunchy Carrot Campaign. 50% is available on day 1 and for larger depositors, the rest is vested over 6 months for equal opportunity for all of our community.

Airdrop Season 2 (5.5%)

5.5% is allocated to our Crunchy Carrot Quest Season Two participants. Season 2 has already started after our snapshot of Season 1 on Oct 5th. Stay tuned for more information on Puffy’s quest in the coming days.

Early Contributors & Advisors (20%)

This allocation is the Puffer core team and advisors, who are fully committed to Puffer’s success. This will vest over 3 years, with a 1-year cliff, ensuring long-term dedication to the ecosystem’s vision.

Investors (26%)

By providing resources and support, investors enabled Puffer to build great products for the community. Investors will receive their allocation over 3 years, with a 1-year cliff and 2 years vesting.

Crunchy Carrot Quest Airdrop

To date, our growth trajectory has been driven by the trust and fervent support of our community. We are truly grateful for your belief in Puffer, and we want to give back to those who have been with us on this journey.

To honor our community members and dedicated supporters, 7.5% of the total $PUFFER supply is allocated for community initiatives. The snapshot for eligibility was taken on October 5, 2024.

As we move forward, the Crunchy Carrot Quest continues to Season 2, giving you even more opportunities to earn points and increase your rewards.

Join Season 2 here: https://quest.puffer.fi

Claiming Your $PUFFER:

Claiming your $PUFFER is simple. Visit our official Puffer Claims website https://claims.puffer.fi to claim your tokens. The claiming window will be open from October 14, 2024, to January 14th, 2025.

As always, please be cautious and vigilant against scams and phishing attempts. Only use the official Puffer website for claiming and stay informed by following our official channels.

Shape Puffer’s Future

The launch of $PUFFER marks a pivotal moment for Puffer and the Ethereum community. We’re excited to have you onboard as we redefine and UniFi the Ethereum landscape. There’s so much more ahead, and we invite you to be an active part of this journey.

Stay tuned for the launch of the most Based Rollup stack soon!

Website: https://www.puffer.fi/

Puffer X: https://x.com/puffer_finance

Puffer UniFi X: https://x.com/puffer_unifi