Puffer Finance launches Phase 3 marketing campaign! Reward users for providing pufETH liquidity

The market is focusing on the Liquidity Re-pledge Token (LRT) project, and major projects have launched marketing activities. Meanwhile, Puffer Finance’s Crunchy Carrot Quest marketing campaign has also entered its third phase. Users can now provide pufETH/wstETH liquidity on third-party platforms such as Curve to earn more points.

Puffer Finance Phase 3 Marketing Campaign

Since the design framework of the Puffer Finance protocol is significantly different from its competitors, the development of the protocol has not yet been completed. Nonetheless, in order to gain a foothold in the market, they have launched a pre-sale marketing campaign and announced today that they are entering the third phase of the campaign, which is divided into five phases.

Activity content

The third phase of Puffer Finance’s event aims to reward participants for providing liquidity of pufETH tokens on decentralized exchanges, including platforms such as Curve, Uniswap and Pancakeswap.

Every time users provide pufETH/wstETH liquidity, they can get 60PufferPoints every hour.

Currently, Puffer Finance is focusing on Curve to concentrate liquidity

On the other hand, users’ pledged LRT tokens (such as stETH) have begun to More points will be calculated over time. If a user holds 1pufETH, he or she can get 30 Puffer Points every hour.

Activity status

At present, Puffer Finance has accumulated more than 350,000 ETH, approximately 1.1 billion U.S. dollars, by virtue of the first two stages of marketing activities (a total of five stages), ranking first among all LRT fields. Two major agreements.

Currently, there are about 200,000 wallet addresses participating in Puffer Finance’s marketing activities. What is interesting is that the first wallet ranked by points is Justin Sun, the founder of TRON Blockchain, who has invested more than 250,000 stETH.

Puffer Finance points ranking Justin Sun ranks first

LRT project vigorously promotes marketing activities to attract funds

In addition to this Puffer Finance In addition to marketing activities, competition in the field of liquidity re-pledge has already begun. Ether.fi announced that it will launch tokens in the near future, Kelp DAO provides additional points for the first 200,000 ETH pledges, Renzo releases Binance investment and endorsement, and uses various Marketing techniques seize the market in chaotic times.

Has become a recent market hot spot

The top ten liquidity re-pledge projects include Ether.fi, Puffer Finance, Kelp DAO, Swell, etc. Recently, TVL has all increased, and this happened in EigenLayer The timing of closing the window for depositing liquid pledged tokens (LST) (only ETH can be deposited) shows the market's enthusiasm for the field of liquidity re-pledge and related marketing activities.

All changes in TVL of liquidity re-pledge projects are positive inflows

Market risks increase with the increase

However, it is also important to note that currently, due to the majority of LRT contract design means that even if you pledge during Ethereum's off-peak hours, the gas fee will cost approximately US$25 to US$40. The project team does not guarantee any returns, and users must carefully evaluate their ability to participate.

In addition, most of the tokens currently deposited in the liquidity re-pledge project cannot be withdrawn at present. We need to wait for further information and openness from the team and EigenLayer. Therefore, as the protocol funds continue to grow, asset security risks also increase. Along with the increase, the number of fraud teams that see market opportunities has also increased significantly, and such activities should be treated with absolute caution.

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