{"id":172916,"date":"2024-10-10T15:36:00","date_gmt":"2024-10-10T15:36:00","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172916"},"modified":"2024-10-10T15:36:04","modified_gmt":"2024-10-10T15:36:04","slug":"puffer-finance-launches-governance-token-and-reveals-airdrop-schedule","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/puffer-finance-launches-governance-token-and-reveals-airdrop-schedule\/","title":{"rendered":"Puffer Finance Launches Governance Token and Reveals Airdrop Schedule"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">Puffer Finance launches its new <strong>governance token<\/strong> with an initial supply of <strong>102.3 million<\/strong>, focused on community participation.<\/li>\n<li style=\"text-align: justify\">The <strong>airdrop<\/strong> campaign will distribute <strong>13% of the total supply<\/strong> in two seasons starting on October 14, 2024.<\/li>\n<li style=\"text-align: justify\">The platform secured <strong>$18 million in funding<\/strong> and surpasses <strong>$1.3 billion<\/strong> in total value locked through restaking and rollup solutions.<\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><strong>Puffer Finance<\/strong> has announced the <a href=\"https:\/\/medium.com\/puffer-fi\/puffer-tokenomics-utility-c789352629e6\" target=\"_blank\" rel=\"noopener\"><strong>launch<\/strong><\/a> of its new <a href=\"https:\/\/crypto-economy.com\/what-is-a-governance-token-all-you-need-to-know\/\" target=\"_blank\" rel=\"noopener\"><strong>governance token<\/strong><\/a>,<strong> $PUFFER<\/strong>, as part of its expansion strategy within the crypto industry.<!--more--><\/p>\n<p style=\"text-align: justify\">Initially known for its focus on <strong>liquid staking<\/strong>, the platform has expanded its reach into more advanced solutions such as <strong>rollups and liquid restaking<\/strong>. With this new phase of growth, The platform aims to establish itself as a key player in <strong>blockchain infrastructure<\/strong> while introducing community participation mechanisms through <strong>decentralized governance<\/strong>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udc21 <a href=\"https:\/\/twitter.com\/search?q=%24PUFFER&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$PUFFER<\/a> Tokenomics Breakdown: Empowering the Puffer Community and Beyond \ud83d\udc21<a href=\"https:\/\/t.co\/nlv6LAbpGT\" target=\"_blank\">https:\/\/t.co\/nlv6LAbpGT<\/a><\/p>\n<p>It\u2019s almost here! The <a href=\"https:\/\/twitter.com\/search?q=%24PUFFER&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$PUFFER<\/a> airdrop goes live on October 14th, 2024, 11 PM UTC Until January 14th, 2025, 11 PM UTC!<br \/>Link: <a href=\"https:\/\/t.co\/ihnAvILDtn\" target=\"_blank\">https:\/\/t.co\/ihnAvILDtn<\/a><a href=\"https:\/\/twitter.com\/search?q=%24PUFFER&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$PUFFER<\/a> is the cornerstone\u2026<\/p>\n<p>&mdash; Puffer Finance \ud83d\udc21 (@puffer_finance) <a href=\"https:\/\/twitter.com\/puffer_finance\/status\/1844234772274729416?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 10, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">The token will have a total supply of <strong>1 billion<\/strong>, with an initial supply of<strong> 102.3 million<\/strong>. This token will allow users to <strong>participate<\/strong> in important protocol decisions, such as <strong>fee structures and security measures<\/strong>.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172919\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/puffer-post.jpg\" alt=\"puffer finance post 1\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/puffer-post.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/puffer-post-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/puffer-post-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\">The platform has introduced a &#8220;<strong>vote escrow<\/strong>&#8221; mechanism, where users can <strong>stake $PUFFER to receive vePUFFER<\/strong>, a token that grants voting rights based on the amount staked. This governance structure aims to encourage community involvement in the platform&#8217;s future direction.<\/p>\n<h2 style=\"text-align: justify\">Puffer Finance to Hold an Airdrop<\/h2>\n<p style=\"text-align: justify\">To promote the use of the new token, Puffer Finance has launched an <strong><a href=\"https:\/\/crypto-economy.com\/what-is-a-cryptocurrency-airdrop\/\" target=\"_blank\" rel=\"noopener\">airdrop<\/a> campaign<\/strong>, which will distribute a total of <strong>13%<\/strong> of the total supply across <strong>two seasons<\/strong>. The first season, called &#8220;<strong>Crunchy Carrot Quest<\/strong>,&#8221; will allocate <strong>7.5%<\/strong> of the tokens to eligible users, while the second season will distribute the remaining<strong> 5.5%<\/strong>.<\/p>\n<p style=\"text-align: justify\">The token claim process <strong>will begin on October 14, 2024, and remain open until January 14, 2025<\/strong>. Additionally, <strong>40%<\/strong> of the total supply has been reserved for <strong>community and ecosystem initiatives<\/strong>, which will help fund future incentives and provide initial liquidity on exchanges.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-172918\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/puffer-2.jpg\" alt=\"puffer finance post 2\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/puffer-2.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/puffer-2-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/puffer-2-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h3 style=\"text-align: justify\">The Platform Secures $18 Million in Funding<\/h3>\n<p style=\"text-align: justify\">The launch of $PUFFER is a crucial milestone for the platform, which has attracted over <strong>$1.3 billion in total value locked (TVL)<\/strong> through its liquid restaking protocol and rollup solutions. The platform has also developed &#8216;<strong>UniFi<\/strong>,&#8217; a rollup solution that <strong>leverages Ethereum validators for transaction sequencing<\/strong>, and UniFi AVS, a service designed to <strong>speed up preconfirmations in transactions<\/strong>.<\/p>\n<p style=\"text-align: justify\">The project has ensured its growth with <strong>an $18 million funding round in April 2024<\/strong>, led by Brevan Howard Digital and Electric Capital, enabling it to continue developing its ecosystem and strengthening its infrastructure<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Puffer Finance launches its new governance token with an initial supply of 102.3 million, focused on community participation. The airdrop campaign will distribute 13% of the total supply in two seasons starting on October 14, 2024. The platform secured $18 million in funding and surpasses $1.3 billion in total value locked through restaking and &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Puffer Finance Launches Governance Token and Reveals Airdrop Schedule\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/puffer-finance-launches-governance-token-and-reveals-airdrop-schedule\/#more-172916\" aria-label=\"More on Puffer Finance Launches Governance Token and Reveals Airdrop Schedule\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":172920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[111,84,74],"tags":[4583,4620,4656,5269],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172916"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172916"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172916\/revisions"}],"predecessor-version":[{"id":172921,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172916\/revisions\/172921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172920"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}