Puffer(PUFFER) Startup Mining Initial Offering on Gate.io

About Gate.io Startup Mining Program

Startup Mining is a platform where users can stake their assets or provide liquidity to earn rewards in new project tokens. Users can lock specified tokens in the Startup Mining pool to receive corresponding project token rewards.

1.Introduction to "Startup Mining" Project Puffer (PUFFER)

Puffer is a leading innovator in Ethereum infrastructure with a suite of synergetic protocols focused on enhancing Ethereum's scalability and security.

The ecosystem comprises of three products:

-Puffer LRT: A liquid restaking protocol that allows for permissionless validator participation.

-UniFi AVS: An Actively Validated Service that provides preconfirmation services for based rollups.

-UniFi Rollup: A based rollup solution that leverages Ethereum's security while offering improved scalability.

Website: https://www.puffer.fi/

2.Puffer (PUFFER) Mining Rules

(1) Startup Mining Duration: 12:00 PM on Oct 14th - 12:00 PM on Oct 21st (UTC), 2024

(2) Staking Pool: PUFFER

-Total Staking Rewards: 600.000 PUFFER

-Prize Pool Per Hour: 3.571.42 PUFFER

-Hourly Reward Cap Per User: 357.14 PUFFER

-Minimum Staking Amount: 0.5 PUFFER

-Unlocking Rule: 100% Unlock

(3) "Single-Coin Multi-Mining" GT Pool

-Total Staking Rewards: 900.000 PUFFER

-Prize Pool Per Hour: 5.357.14 PUFFER

-Hourly Reward Cap Per User: 375.0 PUFFER

-Minimum Staking Amount: 0.01 GT

-Unlocking Rule: 100% Unlock

3.Participation Rules

(1) PUFFER Staking Pool: The system will take multiple snapshots of personal staking amounts hourly, and take the average staking amount as the valid staking amount. Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool

(2) "Single-Coin Multi-Mining" GT Pool: The system will take multiple snapshots of the participants' GT holdings every hour, calculate the average to determine the effective holding amount, and distribute rewards based on that effective holding amount. Hourly Reward = (User GT Holding Amount / Total User GT Holdings in the Pool) x Hourly Reward for the Pool.

(3) Token rewards will be distributed into the spot accounts of eligible users hourly.

(4) Users can join PUFFER Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from PUFFER pool and GT pool separately.

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