Puffer Finance: CARROT will replace off-chain points in Season 2, after which they can be converted to PUFFER tokens at the exchange rate

PANews reported on January 16 that the re-staking protocol Puffer Finance released the second quarter update. The second quarter update introduced a community-driven reward system. The biggest change is that Puffer points will be on the chain. The incentive mechanism will now be paid in the form of CARROT. CARROT It is an ERC-20 token used to reward activities such as staking, voting, and providing liquidity. Regarding CARROT token economics, the total supply of CARROT tokens is capped at 100 million, which will be dynamically distributed every two weeks based on the governance indicators voted by the community, and rewards will be distributed in proportion to indicator support.

CARROT tokens will replace off-chain Puffer points in Season 2. CARROT can be obtained through staking, liquidity and voting, and CARROT will be converted into PUFFER tokens at a fixed exchange rate after Season 2. CARROT rewards can be claimed at any time during the bonus period or up to one year after the end of Season 2. Received tokens have a 30-day lock-in period before withdrawal, and the timer will be reset each time you receive it.