Puffer Finance Airdrop Rewards

What it does

Puffer Finance is a Native Liquid Restaking Protocol (nLRP) on Ethereum that lets users deposit ETH to mint pufETH, a liquid token earning Ethereum staking yield plus EigenLayer restaking yield. The team also operates UniFi — a based rollup on top of Ethereum — and Puffer Preconf, an EigenLayer-secured preconfirmation AVS that issues sub-second transaction confirmations to based rollups; in 2026 it added an institutional pufETH custody product with Anchorage Digital and a Stargate-bridged pufETH deployment on MegaETH. Puffer's current reward asset, CARROT, is an ERC-20 distributed through vlPUFFER governance gauges across selected vaults, PUFFER staking, UniFi positions, and lock-ups, with a fixed on-chain route to convert 100 CARROT to 55 PUFFER over a 180-day window.

Who uses or pays

Who uses and pays for the product still needs verification.

What is live

The current live product state is not yet recorded separately from campaign research.

Where value flows

Puffer reported an $18 million Series A in April 2024 co-led by Brevan Howard Digital and Electric Capital, with participation from Coinbase Ventures, Kraken Ventures, Franklin Templeton, Avon Ventures (Fidelity), LeadBlock Bitpanda Ventures, Lemniscap, Lightspeed Faction, Consensys, Mechanism Capital, GSR, CoinSummer, Animoca, SNZ, and others; a prior $5.5M seed was co-led by Lemniscap and Lightspeed Faction, and Binance Labs took a strategic stake in January 2024. UniFi AVS was awarded a separate Eigen Foundation grant to build its preconfirmation network. CertiK Skynet tracks 4 Puffer audits with a 90.88 score (AA), and Puffer ran a $50K Immunefi Boost audit competition (Feb 22–Mar 7, 2024, 792 LoC). Funding and audit history do not eliminate smart-contract, slashing, or token-price risk on user deposits. [puffer-series-a, puffer-binance-labs, puffer-token-valuation, puffer-certik, puffer-immunefi, puffer-recap-mar20-2026]

Who controls it

Upgrade, custody, and governance control still need verification.

Why users return

Demand without incentives still needs verification.

• Amir Forouzani, Co-Founder & CEO. Founder of Puffer Finance; also posts as @AmirOnchain and is the public voice for the protocol's technical and security design
• Amir Gohil, Co-Founder. Co-founded Puffer with Forouzani; surfaces in Puffer protocol material as a co-founder

Funding: Puffer reported an $18 million Series A in April 2024 co-led by Brevan Howard Digital and Electric Capital, with participation from Coinbase Ventures, Kraken Ventures, Franklin Templeton, Avon Ventures (Fidelity), LeadBlock Bitpanda Ventures, Lemniscap, Lightspeed Faction, Consensys, Mechanism Capital, GSR, CoinSummer, Animoca, SNZ, and others; a prior $5.5M seed was co-led by Lemniscap and Lightspeed Faction, and Binance Labs took a strategic stake in January 2024. UniFi AVS was awarded a separate Eigen Foundation grant to build its preconfirmation network. CertiK Skynet tracks 4 Puffer audits with a 90.88 score (AA), and Puffer ran a $50K Immunefi Boost audit competition (Feb 22–Mar 7, 2024, 792 LoC). Funding and audit history do not eliminate smart-contract, slashing, or token-price risk on user deposits. [puffer-series-a, puffer-binance-labs, puffer-token-valuation, puffer-certik, puffer-immunefi, puffer-recap-mar20-2026]

• An Ethereum-compatible wallet
• A supported asset shown in a live Puffer campaign
• Native gas token for each network used
• Ability to leave capital exposed through the campaign and withdrawal periods
• Legal access under Puffer's terms

1. 01

   Check existing CARROT rewards

   5 min$0 statedafter an expected reward update

   An existing reward claim avoids taking a new staking or vault position just to earn incentives.

   You are done when: Portfolio shows your earned, pending, claimable, or zero CARROT balance.

   Watch for: Connecting is not the same as signing. Reject any unexpected approval or transfer request.

   Official domain

   app.puffer.fi

   Action

   Visit

   Expected fee

   $0 stated

   Capital exposed

   $0 stated

   Verified

   August 10, 2026

   Stop when

   Connecting is not the same as signing. Reject any unexpected approval or transfer request.

   Continue to app.puffer.fi ↗
2. 02

   Review live CARROT campaigns

   10 min$0 statedbefore every new position

   Governance changes which vaults and integrations receive CARROT, so old campaign lists can be wrong.

   You are done when: You have written down the supported asset, reward rate, protocol, chain, lock, fee, and exit route.

   Watch for: Do not use a third-party farm unless it is still shown by Puffer and you have reviewed that protocol separately.

   Official domain

   app.puffer.fi

   Action

   Visit

   Expected fee

   $0 stated

   Capital exposed

   $0 stated

   Verified

   August 10, 2026

   Stop when

   Do not use a third-party farm unless it is still shown by Puffer and you have reviewed that protocol separately.

   Continue to app.puffer.fi ↗
3. 03

   Enter only a position you already want

   10 minFee not estimatedoptional

   CARROT accrues only through supported positions, but the underlying capital risk can exceed the reward.

   You are done when: The live app or supported protocol shows the deposit and expected CARROT route.

   Watch for: Limit approvals, avoid leverage, and test withdrawals with a small amount before increasing size.

   Official domain

   app.puffer.fi

   Action

   Visit

   Expected fee

   Fee not estimated

   Capital exposed

   Capital not stated

   Verified

   August 10, 2026

   Stop when

   Limit approvals, avoid leverage, and test withdrawals with a small amount before increasing size.

   Continue to app.puffer.fi ↗
4. 04

   Claim or convert CARROT with the wait understood

   5 minFee not estimatedwhen rewards become claimable

   The claim may start a 30-day cliff, while conversion to PUFFER uses a longer withdrawal window.

   You are done when: The app shows the claim asset, amount, start date, and release or withdrawal date.

   Watch for: Compare the market value and lock before choosing CARROT, a sale, or the fixed PUFFER conversion.

   Official domain

   app.puffer.fi

   Action

   Claim

   Expected fee

   Fee not estimated

   Capital exposed

   $0 stated

   Verified

   August 10, 2026

   Stop when

   Compare the market value and lock before choosing CARROT, a sale, or the fixed PUFFER conversion.

   Continue to app.puffer.fi ↗

1. Puffer CARROT Incentives ProgramOpen for activity

   Start unknown to end unknown · CARROT with a PUFFER conversion route

   Users earn tokenized CARROT through current supported positions. Claiming may begin with mtwCARROT and a 30-day cliff. The stated conversion is 100 CARROT to 55 PUFFER with a 180-day withdrawal window.
2. PUFFER Airdrop Season 1Claim open

   Start unknown to end unknown · PUFFER

   Puffer DAO's live hub still links a Season 1 claim. This does not create new eligibility.
3. PUFFER Airdrop Season 2Closed

   Start unknown to end unknown · CARROT and PUFFER allocation mechanisms

   Season 2 ended in August 2025. Later CARROT incentives operate as the current program, with live gauges that may differ from Season 2.

1. RewardInferred

   Confirmed reward. CARROT incentives with a published 100 CARROT to 55 PUFFER conversion path

   Sources: puffer-carrot-guide, puffer-dao-report, puffer-app, puffer-terms Recheck when: An official reward, allocation, conversion rule, checker, or closure changes.
2. DeadlineInferred

   No campaign deadline has been verified.

   Sources: puffer-carrot-guide, puffer-dao-report, puffer-app, puffer-terms Recheck when: An official campaign source publishes or changes a deadline.
3. VerdictInferred

   A real token reward, but too capital-heavy for casual task hunters

   Sources: puffer-carrot-guide, puffer-app, puffer-dao-report Recheck when: New evidence changes the reward state, cost, eligibility, or risk.
4. ProjectInferred

   Puffer Finance is a Native Liquid Restaking Protocol (nLRP) on Ethereum that lets users deposit ETH to mint pufETH, a liquid token earning Ethereum staking yield plus EigenLayer restaking yield. The team also operates UniFi — a based rollup on top of Ethereum — and Puffer Preconf, an EigenLayer-secured preconfirmation AVS that issues sub-second transaction confirmations to based rollups; in 2026 it added an institutional pufETH custody product with Anchorage Digital and a Stargate-bridged pufETH deployment on MegaETH. Puffer's current reward asset, CARROT, is an ERC-20 distributed through vlPUFFER governance gauges across selected vaults, PUFFER staking, UniFi positions, and lock-ups, with a fixed on-chain route to convert 100 CARROT to 55 PUFFER over a 180-day window.

   Sources: puffer-carrot-guide, puffer-app, puffer-dao-report Recheck when: The project changes its product, control model, or live status.

1. August 15, 2025
   Puffer's extended Season 2 reached its announced end date.

   Do not use old Season 2 lists as proof that a gauge is still active.

   Sources: puffer-season-2-end
2. November 10, 2025
   Puffer published the ongoing CARROT claim, use, locking, and PUFFER conversion guide.

   Check Portfolio and the current gauge list before depositing new capital.

   Sources: puffer-carrot-guide
3. August 10, 2026
   Airdroplet replaced stale points farming with the current tokenized CARROT workflow and risk review.

   Treat this as a capital-based DeFi incentive, not a free task airdrop.

   Sources: puffer-carrot-guide, puffer-app, puffer-terms
4. August 11, 2026
   Refreshed project_overview (added UniFi based rollup and Puffer Preconf AVS detail), expanded funding_info with named Series A co-leads, broader participant list, Binance Labs strategic, CertiK Skynet tracking, and the Immunefi Boost audit competition. No new gauge, claim, or token event found in this cycle.

   Re-check the live Puffer App and CARROT campaign list before depositing; score and tier are unchanged.

   Sources: puffer-binance-labs, puffer-token-valuation, puffer-certik, puffer-immunefi, puffer-series-a
5. August 11, 2026
   Cycle 2 of the same day. Tightened funding_info with explicit $5.5M seed co-leads (Lemniscap, Lightspeed Faction), the Eigen Foundation grant to UniFi AVS, CertiK's 4 audits / 90.88 AA Skynet score, and Immunefi Boost window (Feb 22–Mar 7, 2024, $50K, 792 LoC). Project_overview added 2026 institutional and cross-chain context: Anchorage Digital custody for pufETH, Stargate-bridged pufETH on MegaETH. Six Step-4 web queries ran; X timeline still unavailable because xurl is unauthenticated. No new CARROT rate, claim flow, or token event was captured, so score and tier remain 55 / C.

   Re-verify against @puffer_finance once X tooling is restored; otherwise treat Puffer's own blog and the CertiK page as the authoritative surfaces for institutional updates.

   Sources: puffer-recap-mar20-2026, puffer-certik, puffer-immunefi, puffer-series-a, puffer-carrot-guide
6. August 12, 2026
   Cycle 3 — first refresh with a live X timeline (40 tweets, 2026-08-12 → 2026-07-01). Captured Puffer Staking going live on Binance Wallet Earn (tweet 2082032025104781512), a new $CARROT rewards epoch with a pufETH pool on Pendle (tweet 2077310645985239304), and the three-part 'Puffer Security Stack' series (tweets 2082805348981969010, 2084620933806088454, 2087467720514457671). Added new team (Amir Forouzani CEO, Amir Gohil Co-Founder), expanded token_info with the PUFFER contract (0x4d1C297d39C5c1277964D0E3f8Aa901493664530) and 1B total supply, and surfaced 7 third-party X mentions (PufferDAO governance, StecoinZhang, Nicky_Giabao). No new gauge, claim window, or conversion change shifted the score; capital-heavy DeFi incentives remain the same.

   Re-check the live @puffer_finance timeline; confirm the new Pendle pufETH pool and the new CARROT gauges before depositing or restaking.

   Sources: puffer-tweet-5104781512, puffer-tweet-7310645985, puffer-tweet-2805348981, puffer-tweet-4620933806, puffer-tweet-7467720514, puffer-token-contract, puffer-tokenomics, puffer-team-tracxn, puffer-discuss-pufferdao-epoch28, puffer-discuss-stecoinzhang, puffer-discuss-nicky-giabao