TL;DR When Season 2 launched in January 2025, we committed to distributing 20M CARROT (20% of total supply) to users who kept having pufETH in one of our certified integration platforms. This vote decides whether to honor that commitment or redirect those tokens to Voting Gauges.
Background
When Season 2 launched, we set aside 20M CARROT for users who had continued holding their pufETH position through the transition from Season 1 to Season 2. The intention was always to recognize that ongoing loyalty. Now that we’re deep into Season 2, it’s time to ask the community how those tokens should be used.
Token distribution decisions like this one shape how the community thinks about Puffer’s long-term incentive structure. Getting this right matters beyond the 20M tokens in question.
The Decision
20M CARROT can go one of two ways: distributed to pufETH holders who stayed through the transition and demonstrated long-term commitment to the protocol, or channeled through Voting Gauges to reward the active governance participants shaping where Puffer goes next.
The Vote:
For: Distribute 20M CARROT to eligible “S1 → S2 transition-period” stakers as originally committed.
Against: Redirect the 20M CARROT to the DAO treasury for continued monthly gauge rewards.
Timeline
Discussion: 1 week
Snapshot vote: 5 days
Execution: Within 14 days of the vote conclusion
The team will execute whichever outcome the community selects.
This is exactly the kind of decision that should go to the community.
The original commitment was made in good faith during a period of real uncertainty for users who held pufETH through the Season 1 to Season 2 transition took on meaningful risk. Honoring that matters for how future commitments are perceived.
At the same time, redirecting to Voting Gauges puts tokens in the hands of the most active governance participants for people who are demonstrably invested in Puffer’s direction right now.
Both outcomes are defensible. Neither is wrong.
What I’d encourage every voter to ask: which outcome better reflects the community we want to build - one option honors past commitments to early supporters; the other concentrates rewards on current active participants for the project’s long-term success.
Users who were fully committed/contributing within the period as Ethereum Staker in the Puffer protocol should be rewarded carrot incentives.
it is understandable the redirecting all the rewards would be very beneficial in the long term growth, through rewarding active contributors and as incentives to bootstrap new integrations and products down the road.
the eligibility criteria were clearly defined and so should be honored. Set a claim date, any unclaimed carrots could then be redirected back to the dao for future voting gauges.
imo any unclaimed carrots could also go towards pufETH rewards APR (now currently 0.01% carrot) for long term protocol tvl growth and incentives for new stakers as Ethereum staking continues its uptrend globally.
I was expecting the airdrop, ngl. But I think I’m voting Against, and here’s why:
As an active Puffer community member since 2021, I think our shared goal should be building a thriving ecosystem with solid tokenomics, sustainable incentives and tech that actually drives growth.
Well, a one-time 20M CARROT airdrop does not really move us in that direction.
Also,
if the people who kept holding pufETH were some of Puffer’s deepest supporters and real believers in the tech (which I really think is true) they will likely also be the ones benefiting indirectly from gauges later on.
The most aligned community members should always benefit, and the best of us are not here just for the short term. Otherwise, we are just acting like airdrop farmers.
You mean who earned the points? Give them back everything as promised. Why should their confiscation be discussed at all? Don’t mislead people; it wasn’t a transitional period, it was Season 2, until you changed the rules. Instead of the puffer token, you replaced it with carrots with a vesting period.
Sharing my perspective as someone on the Puffer BD team
The S1 → S2 transition holders are exactly the kind of community we want to keep. They stayed with pufETH, and that matters.
At the same time, I think this decision should also be considered through the lens of what best supports the protocol over the long term. A one-time distribution recognizes past support, but continued monthly gauge rewards provide a more sustained way to encourage holding, governance participation, and ongoing ecosystem engagement - a more durable way to strengthen alignment across the community.
Vote for the best serves the long-term health of Puffer.
As per team promised/commited, 20m in CARROT or PUFFER should be distributed to Puffer Points Holders Season 2 instead of Stakers. All the points users trying very hard to farm and support the protocol. It is extremely unfair for early users if the team keeps breaking promises.
Puffer Points Holders Season 2 deserves the airdrop for their hard work and their money for the season 2.
If the Airdrop not distributing to Puffer Points Holders, I will leave the protocol forever and spread the truth to CT since I have been patient waiting for too long
