Puffer Finance: CARROT will replace off-chain points in the second quarter, which can then be converted to PUFFERToken at the Exchange Rate

PANews reported on January 16th that Puffer Finance, a stake protocol, has released its second season update. The update introduces a community-driven reward system, with the most significant change being the integration of Puffer points onto the blockchain. The incentive mechanism will now be paid in the form of CARROT, an ERC-20 Token, which is used to reward stake, voting, and providing Liquidity activities. Regarding the tokenomics of CARROT Token, the total supply limit of CARROT Token is 100 million, and it will be dynamically distributed every two weeks based on governance indicators voted on by the community. Rewards will be allocated based on the proportion of support for the indicators. CARROTToken will replace the underlying Puffer points in the 2nd quarter. CARROT can be obtained through stake, Liquidity, and voting, and CARROT will be converted to PUFFERToken at a fixed exchange rate after the 2nd quarter. CARROT rewards can be claimed at any time during the reward period or within one year after the end of the 2nd quarter. The tokens claimed have a 30-day lock-up period before withdrawal, and each claim will reset the timer.