PANews reported on January 16 that the re-staking protocol Puffer Finance released the Season 2 update, which introduced a community-driven reward system. The biggest change is that Puffer points will be on-chain, and the incentive mechanism will now be paid in the form of CARROT, 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, and will be dynamically issued every two weeks based on the governance indicators voted by the community, and rewards will be allocated based on the indicator support ratio.
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 to PUFFER tokens at a fixed rate after Season 2. CARROT rewards can be claimed at any time during the reward period or one year after the end of Season 2. Claimed tokens have a 30-day lock-up period before they can be withdrawn, and each claim resets the timer.
