Puffer Finance Boosts Community Allocation for ETH Deposits

Puffer Finance Expands Community Allocation for PUFFER Tokens

Puffer Finance, a notable player in the DeFi space, has made an exciting announcement regarding its community allocation of PUFFER tokens, as reported by Foresight News.

Increased Allocation Details

According to a recent tweet from Puffer Finance, for every additional 10,000 ETH deposited, the community allocation for PUFFER tokens will see an increase of 0.1%. This strategic move aims to incentivize both new and existing stakers within the community.

Distribution Breakdown

The increased allocation will have a focused distribution strategy:

• 70% of the increased allocation will be directed towards new stakers.
• The remaining 30% will be allocated to existing users.

Snapshot Schedule

Users should note that the snapshot for this activity is scheduled for October 5, 2023 at UTC+8. This means that participants need to act swiftly to ensure their staked ETH counts towards the allocation.

Implications for the Community

This announcement is likely to stir interest among investors and users in the ecosystem, as it highlights Puffer Finance's commitment to rewarding loyalty and encouraging investment. The increase in PUFFER tokens could lead to greater participation and staking within the platform, potentially enhancing the overall value and stability of the token.

Conclusion

The upcoming changes to PUFFER token allocation are significant for both new and existing stakers. With a clear incentive structure and strategic snapshot timing, Puffer Finance continues to position itself as a forward-thinking project in the DeFi landscape.