Puffer Airdrop & Trading is live: What Was Your Allocation?

[Lilybasil]

Hey everyone! I just found out that the Puffer token has launched! Did any of you farm and receive the airdrop?

For those unfamiliar, Puffer enhances native restaking on Eigenlayer, making it easier for anyone to operate an Ethereum Proof of Stake (PoS) validator. It's an nLRP on Eigenlayer, aimed at democratizing the process.

They’ve airdropped 7.5% of the total supply to users. If you didn’t receive much, here are some ways to earn more through low-barrier initiatives:

1. Launch Pool: You can stake BGB or USDT to continuously earn $PUFFER airdrops until the event ends.
   
2. PoolX: Pre-locking is now live. Simply lock $PUFFER and earn more hourly. You can unlock your tokens anytime.

These are some easy options I’ve come across. If anyone knows of more ways to earn, feel free to share them below!

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[shinratensei_]

It was a shitfest, the reward doesn't really worth the time for staking and the risk involved, imagine risking 1 ETH, missing the best opportunity to sell at $4k just because you want to earn good from Puffer's TGE and you just ended up with 70 puffer (tiered reward) that can't even cover withdrawal fee.

I think these project can do better than this but I guess i was wrong, these project are just expert at milking their user, the one that contribute to inflating their metrics the most organically.

at this point i'd call that many of these founders are just trying to take advantage of people with nothing in return.

[hugeblack]

1. Launch Pool: You can stake BGB or USDT to continuously earn $PUFFER airdrops until the event ends.
2. PoolX: Pre-locking is now live. Simply lock $PUFFER and earn more hourly. You can unlock your tokens anytime.

ADA is an example of how Pre-locking every hour or day is a bad idea, it is true that your $PUFFER increases but in return its value against the dollar or BGB is constantly decreasing and therefore even Launch Pool and PoolX are not profitable investments in the long term.

[asriloni]

Puffer is one of the shittiest airdrops that i have ever participated in. I staked 2.5 ethereum bought at $1900 since February. Then I withdrew it in July. I got 450k points but only $120 for five months of staking with $7k-$9k.

Puffer is also doing shit. It is using a tier system. It gave the same amount of tokens to those with under 400k points.

Despite being backed by popular VCs, the team was doing shite to their airdrop users. This really disappointed me as a long-term staker.

[Lilybasil]

It was a shitfest, the reward doesn't really worth the time for staking and the risk involved, imagine risking 1 ETH, missing the best opportunity to sell at $4k just because you want to earn good from Puffer's TGE and you just ended up with 70 puffer (tiered reward) that can't even cover withdrawal fee.

I think these project can do better than this but I guess i was wrong, these project are just expert at milking their user, the one that contribute to inflating their metrics the most organically.

at this point i'd call that many of these founders are just trying to take advantage of people with nothing in return.

I guess it's cos the % airdrop allocation wasn't really much. About 7.5%. if you' still have you puffer, you can lock it on Bitgets poolx. The apr is in tripple figures.

[Lilybasil]

1. Launch Pool: You can stake BGB or USDT to continuously earn $PUFFER airdrops until the event ends.
2. PoolX: Pre-locking is now live. Simply lock $PUFFER and earn more hourly. You can unlock your tokens anytime.

ADA is an example of how Pre-locking every hour or day is a bad idea, it is true that your $PUFFER increases but in return its value against the dollar or BGB is constantly decreasing and therefore even Launch Pool and PoolX are not profitable investments in the long term.

Poolx and launchpools are profitable if the APR is decent. I mentioned Puffer poolx with 531.7% APR rn, that's huge and there's no way you won't get some interests if you interact with it..

[$crypto$]

Puffer is one of the shittiest airdrops that i have ever participated in. I staked 2.5 ethereum bought at $1900 since February. Then I withdrew it in July. I got 450k points but only $120 for five months of staking with $7k-$9k.

Puffer is also doing shit. It is using a tier system. It gave the same amount of tokens to those with under 400k points.

Despite being backed by popular VCs, the team was doing shite to their airdrop users. This really disappointed me as a long-term staker.

Many are disappointed with the allocation given by Puffer, big and small points are equalized, who is not upset with this?

Do they think we've gotten EIGEN hence the small allocation?
Honestly, EIGEN is better than Puffer.

The one who farms with little money and also a lot of wallet he will get the same token allocation.

[asriloni]

Puffer is one of the shittiest airdrops that i have ever participated in. I staked 2.5 ethereum bought at $1900 since February. Then I withdrew it in July. I got 450k points but only $120 for five months of staking with $7k-$9k.

Puffer is also doing shit. It is using a tier system. It gave the same amount of tokens to those with under 400k points.

Despite being backed by popular VCs, the team was doing shite to their airdrop users. This really disappointed me as a long-term staker.

Many are disappointed with the allocation given by Puffer, big and small points are equalized, who is not upset with this?

The puffer team could at least do better than disappoint their airdrop participants. They made a terrible tier allocation. Also, they were not transparent about how the tier system implemented the airdrop.

Do they think we've gotten EIGEN hence the small allocation?

They do. They thought we got a decent allocation from Eigen. Then, they lowered it. If they were an honest team, they'd be transparent about their tier allocation. But, they keep it to themselves. They were cheating us.

[X-ray]

Poolx and launchpools are profitable if the APR is decent. I mentioned Puffer poolx with 531.7% APR rn, that's huge and there's no way you won't get some interests if you interact with it..

it depends though, seeing from the market outlook, puffer is highly volatile, people could've gotten profit from dumping when price was hitting $0.9 instead of APR with unclear final result.
I personally would have preferred realized profit and then rebuy at the bottom rather than just sticking with the poolx, since we can always follow the poolx after puffer hitting bottom anyway.

overall the poolx or launchpool for puffer isn't really great, the APR is so high because the price swing so hard as well.

[$crypto$]

The puffer team could at least do better than disappoint their airdrop participants. They made a terrible tier allocation. Also, they were not transparent about how the tier system implemented the airdrop.

Even though they have accumulated a total of $4,153,342,387 that is currently staked (this is the current amount) This is not transparent, at least many have been disappointed from puffer but now season 2 has started but it will be a lot to pass.

They do. They thought we got a decent allocation from Eigen. Then, they lowered it. If they were an honest team, they'd be transparent about their tier allocation. But, they keep it to themselves. They were cheating us.

That's what I think now. They think we already got the Eigen airdrop so for the puffer airdrop to be small, I don't know how the team is keeping it secret, it's useless we have now received the allocation.

[TastyChillySauce00]

Even though they have accumulated a total of $4,153,342,387 that is currently staked (this is the current amount) This is not transparent, at least many have been disappointed from puffer but now season 2 has started but it will be a lot to pass.

I don't think this number truly reflect their platform's true TVL, let us be real here, without the promise of TGE, they are more likely to not be able to reach even $1 billion, moreover, there's queue of ETH withdrawal in their platform that keep adding up.

imagine a project that's valued $30m in market cap having massive TVL of $4 billion. doesn't seem right.

remember that this project literally don't implement withdrawal until TGE so that they can hoard TVL, so it's understandable how they can get that much TVL in their platform, since they forced people to swap their pufETH to ETH through dex at discounted price and there's no ETH coming out of the platform. but one thing for sure, with that implication, I don't consider their current TVL to be the true TVL, just illusion.