PUFFER

1. Project Introduction

The Ecosystem comprises of three products:

- Puffer LRT: A liquid restaking protocol that allows for permissionless validator participation.

- UniFi AVS: An Actively Validated Service that provides preconfirmation services for based rollups.

- UniFi Rollup: A based rollup solution that leverages Ethereum’s security while offering improved scalability.

2. Team Introduction

Founding Contributor - Amir Forouzani

https://www.linkedin.com/in/amir-forouzani-995a86a2/

Founding Contributor - Jason Vranek

https://www.linkedin.com/in/jason-vranek/

3. Token Application and Distribution

Token Application:

The PUFFER token is the native governance token of the Puffer Protocol and UniFi ecosystem.

The Role of PUFFER

- Puffer LRT

Govern key protocol parameters (fees, limits, bond requirements)

Select guardians and restaking operators

Curate supported AVSs

Future feature: Help allocate ETH to different operators and AVSs (more details coming soon)

- UniFi AVS

Manage fee structures

Whitelist new rollups for AVS support

Oversee AVS security parameters

Guide the integration of new preconfirmation and proposer commitment services

- UniFi Rollup

Set fee parameters for rollup transactions

Direct ecosystem rewards to promote adoption

Manage treasury funds for long-term sustainability

Steer rollup upgrade decisions and feature prioritization

Token Distribution:

Ecosystem & Community (40%)

Allocated to initiatives that build a dynamic and engaged ecosystem, rewarding community support and ensuring continuous growth. This reserve will fund future airdrop seasons, community incentives, and initial liquidity on exchanges.

Protocol Guild (1%)

Puffer began with an Ethereum Foundation Grant. In alignment with Protocol Guild Pledge, 1% of the total PUFFER supply will support Ethereum core development, vested over a 4-year period. As UniFi operates directly on the Ethereum Mainnet, this contribution strengthens the security and scalability of Ethereum, benefiting the broader ecosystem.

Airdrop Season 1 (7.5%)

7.5% is allocated to the Crunchy Carrot Quest Season One airdrop, available immediately to reward early Puffer supporters from the Crunchy Carrot Campaign. 65% is available on day 1 and for larger depositors, the rest is vested over 6 months.

Airdrop Season 2 (5.5%)

5.5% is allocated to Crunchy Carrot Quest Season Two participants. Season 2 has already started after our snapshot of Season 1 on Oct 5th.

Early Contributors & Advisors (20%)

This allocation is the Puffer core team and advisors, who are fully committed to Puffer’s success. This will vest over 3 years, with a 1-year cliff, ensuring long-term dedication to the ecosystem’s vision.

Investors (26%)

By providing resources and support, investors enabled Puffer to build great products for the community. Investors will receive their allocation over 3 years, with a 1-year cliff and 2 years vesting.