“The protocol has launched CARROT, a token that can be accrued via staking and governance activity.”, — write: www.coindesk.com
The protocol has launched CARROT, a token that can be accrued via staking and governance activity. Jan 23, 2025, 1:28 p.m. UTC
Liquid restaking protocol Puffer Finance has announced details of its airdrop campaign, which will see users accrue the newly-launched CARROT token that can be converted to PUFFER at the conclusion of season 2 later this year.
Users will accumulate CARROT through activities like staking, governance voting and liquidity provision.
The protocol currently has $264 million in total value locked (TVL), and the PUFFER token has a $60 million market cap.
“Through democratic voting, Puffer community members can support projects, liquidity providers, and content creators that add genuine value to the Puffer ecosystem,” said Amir Forouzani, co-founder of Puffer Labs.
Oliver KnightOliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
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