Key Points
- Puffer (PUFFER) launched on October 14 on exchanges.
- The initial supply of the token is 102.31 million representing 10.23% of the total supply.
Yesterday, Puffer (PUFFER) launched on major exchanges including Bybit, Kraken, Gate.io, Kucoin, and more.
Since the token’s launch, its price has surged by over 100%, and the coin is now trading above $0.6. The token’s market cap is $61.65 million.
Earlier today, PUFFER’s price reached levels close to $0.9 ahead of a drop to current levels.
According to data from CoinMarketCap, the PUFFER community sentiment is 84% bullish.
PUFFER Tokenomics
- PUFFER’s total supply is 1 billion tokens.
- The initial supply is 102.3 million tokens representing 10.23% of the total PUFFER supply.
- 7.5% of the coins were reserved for the Airdrop Season 1.
- 20% of the PUFFER tokens went to early contributors and advisors.
- 26% of the coins went to investors.
- 1% of the tokens were allocated to the Protocol Guild.
- 40% were reserved for the ecosystem and community.
- 5.5% of the tokens will be distributed during the Airdrop Season 2.
The team at Puffer Finance announced the availability of PUFFER futures on Bitget and OKX on October 14.
What is Puffer Finance (PUFFER)?
Puffer Finance is a decentralized platform created to enhance Ethereum’s scalability and security through restaking and rollup solutions.
The Puffer ecosystem includes the following:
- Puffer LRT (Liquid Restaking Token)
- The UniFi Suite of products: UniFi AVS and the UniFi Based Rollup
The Puffer LRT is a liquid restaking protocol that allows for permissionless validator participation.
The UniF AVS is an actively validated service that offers pre-confirmation services for based rollups. The UniFi Based Rollup is a solution that uses Ethereum’s security while offering enhanced scalability.
PUFFER is the native governance token that will be used for the following:
- Governing key protocol parameters across the Puffer and UniFi ecosystem
- Selecting guardians, restaking operators, and curating supported AVS
- Managing fee structures and whitelisting new rollups for AVS support
- Directing ecosystem rewards and managing the treasury funds
The vePUFFER is an innovative ERC-721 implementation of a vote escrow token model for governance.
