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Restaking Protocol Puffer Finance Reveals Upcoming Airdrop Details

The protocol has launched CARROT, a token that can be accrued via staking and governance activity.

Jan 23, 2025, 1:28 p.m.
Puffer fish (Stelio Puccinelli/Unsplash)

What to know:

  • Puffer Finance has launched CARROT, a new token that the community can accrue and eventually convert for a PUFFER airdrop.
  • Users can earn CARROT by staking, governance voting and liquidity provision.

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.

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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.

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

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What to know:

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