Bybit Launchpool: Stake PUFFER, USDT, or MNT to Earn a Share of 7,000,000 PUFFER!

Bybit Launchpool is excited to introduce PUFFER, the utility token of Puffer.

Event Period: Oct 14, 2024, 12PM (noon) UTC – Oct 21, 2024, 12PM (noon) UTC

During this period, stake PUFFER, USDT, or MNT to obtain a share of 7,000,000 PUFFER for free!

How It Works

On Bybit Launchpool, you can stake PUFFER, USDT, or MNT to earn PUFFER tokens.

1. PUFFER Pool

- Total Rewards: 1,400,000 PUFFER

- Minimum Staking Amount: 300 PUFFER

- Maximum Staking Amount: 50,000 PUFFER

2. MNT Pool

- Total Rewards: 2,100,000 PUFFER

- Minimum Staking Amount: 100 MNT

- Maximum Staking Amount: 5,000 MNT

3. USDT Pool

- Total Rewards: 3,500,000 PUFFER

- Minimum Staking Amount: 100 USDT

- Maximum Staking Amount: 2,000 USDT

Your Daily Yield = [(The Amount of PUFFER, USDT, or MNT) / (Total Number of PUFFER, USDT, or MNT Staked by All Participants)] × (Daily PUFFER Prize Pool)

Your yield for the day will be calculated from the next day (T+1) after you’ve staked PUFFER, USDT, or MNT. The calculated yield will be automatically deposited to your Funding Account daily starting one (1) day after the calculation period (T+2). Your yield will be refreshed daily at 12AM (midnight) UTC.

Staked assets can be unstaked anytime. No yield will be generated on the day you withdraw your staked tokens.

VIP Rewards: Additional APR

VIP users participating in the Launchpool can enjoy additional APR rewards! For specific details regarding these rewards, please refer to the event page.

About Puffer (PUFFER)

Puffer is a native liquid restaking protocol (nLRP) built on EigenLayer. It is designed to enhance the performance and diversity of Ethereum proof-of-stake (PoS) validators, making native restaking more accessible and decentralized. PUFFER serves as its utility token.

Website | Whitepaper | X | Telegram

PUFFER Listing Timeline

PUFFER Deposits: Opens on Oct 14, 2024, 8AM UTC

PUFFER Listing: Oct 14, 2024, 12PM (noon) UTC

PUFFER Withdrawals: Opens on Oct 15, 2024, 12PM (noon) UTC

Deposits and withdrawals will be available via the Ethereum network.

PUFFER will be available for trading via Spot Grid Bots when listed.

PUFFER Token Splash: 700,000 PUFFER Prize Pool

Event Period: Oct 14, 2024, 8AM UTC – Oct 29, 2024, 8:59AM UTC

Register for the event to get started.

Complete deposit or trading tasks listed on the Token Splash page to earn big.

Terms and Conditions:

- Users must complete Identity Verification Lv. 1 to stake tokens on Bybit Launchpool. Institutions and users from restricted countries/regions are not allowed to participate.

- Staked tokens can be unstaked anytime. No yield will be generated on the day users unstake their tokens.

- Yield will be updated daily at 12AM (midnight) UTC. Calculations for yield will start on the next day (T+1) after users stake their PUFFER, USDT, or MNT, and will be automatically deposited daily to their Funding Account starting one (1) day after the calculation period (T+2).

- There may be delays in the depositing of yields earned. Users will only receive a yield if it’s greater than or equal to 0.01 USDT.

- Cash rewards, if any, will be automatically credited to eligible reward recipients' Spot Account one (1) month after the end of the Launchpool event.

- All participating users must strictly abide by the Bybit Terms of Service.

- Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent or harmful purposes.

- Bybit reserves the right to modify the terms of this event without notifying users in advance.

- Bybit reserves the right of final interpretation of this event. If you have any questions, please contact our Customer Support.