Puffer Finance Announces Tokenomics Ahead of PUFFER Airdrop on October 14

EigenLayer Liquid Restaking Protocol Puffer Finance has become the latest project to announce an airdrop to its users. The project will give away 7.5% of its total supply of 1 billion PUFFER for the first airdrop.

Puffer Finance, a liquid restaking protocol integrated into EigenLayer, has just announced its tokenomics details. The PUFFER airdrop will open for users to claim tokens at 06:00 PM on October 14, 2024 (UTC).

A total of 75 million PUFFER tokens, or 7.5% of the total supply, will be allocated for the first airdrop. The project claims that no user will be left behind, whether individual users or "whales" will receive the airdrop.

65% of the airdrop tokens will be unlocked on day one, with the remaining vesting over 6 months.

In addition to the user airdrop, the remaining PUFFER token allocations are as follows:

-         40% for Community and Ecosystem: used for future airdrops, community incentive programs, and initial liquidity on exchanges.

-         1% for Protocol Guild: Puffer started out as an Ethereum Foundation Grant project. Therefore, Puffer is committed to supporting the Ethereum ecosystem through Protocol Guild, giving away 1% of the total token supply with vesting over 4 years.

·      As a reminder, the Protocol Guild fund was created to support Ethereum core developers. This is the fund that LayerZero forces users to "donate" to receive the ZRO airdrop - the 102 airdrop method that has sparked a lot of criticism.

-         7.5% for airdrop 1.

-         5.5% for airdrop 2. Phase 2 started right after snapshot 1 on 05/10. Community join phase 2 tasks here.

-         20% for Advisors and early contributors. This allocation vests over 3 years, cliff distribution within 1 year.

-         26% for Investors. Includes 2 years of vesting and cliff distribution within 1 year.