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Puffer Finance: In the next few days, we will announce token economics and initiate PufferDAO as well as introduce vePUFFER

Puffer Finance: In the next few days, we will announce token economics and initiate PufferDAO as well as introduce vePUFFER

Bitget2024/10/09 06:16

The LSD Protocol Puffer Finance announced that it will release detailed information about token economics in the coming days. The token distribution may differ from most other schemes, focusing on rewarding community members who best embody value. Priority considerations include genuine participation in the Puffer ecosystem, contributions to Ethereum's long-term value, and adherence to common principles. PUFFER enables the community to set fees, choose operators, directly reward and upgrade on Puffer LRT, UniFi AVS and UniFi Rollup.

Puffer Finance will also officially launch PufferDAO and introduce vePUFFER (ERC-721), rewarding users who participate in the protocol over a long period of time while allowing them to maintain control of their assets during governance participation.

Puffer Finance stated that users can mint vePUFFER NFTs by staking PUFFER tokens. vePUFFER does not require a specified lock-in duration; users can unstake their PUFFER at any time.

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