GammaSwap, the pioneer of on-chain perpetual options, has announced a new partnership with Puffer Finance, an Ethereum-based protocol for liquid staking. The collaboration aims to enhance the user experience on the platform. GammaSwap took to the social media platform X to share the news with the community.
We are thrilled to announce our collaboration with @puffer_finance!
1% of the total $GS supply will be allocated to pufETH holders, with 20% distributed through an airdrop and 80% through liquidity mining post TGE. + =
1/4 pic.twitter.com/OCZQ9p1TIY
— GammaSwap (@GammaSwapLabs) May 30, 2024
GammaSwap and Puffer Finance Partner to Enhance User Experience
In its recent announcement, GammaSwap highlighted the significant benefits this partnership will bring to its users. The company has allocated up to 1% of the total $GS supply for pufETH holders. Additionally, 20% of the tokens will be distributed through an airdrop, while a substantial 80% will be used for liquidity mining after the TGE.
GammaSwap aims to revolutionize cryptocurrency derivatives by transforming AMMs and creating perpetual options forums. Unlike traditional options, perpetual options offered by GammaSwap do not have fragmentation across expiry or strike price. This allows trading parties to benefit from any coin without relying on an oracle.
The partnership with Puffer Finance is based on the unique features and capabilities of the platform. GammaSwap acknowledges Puffer Finance as one of the leading entities in the liquid staking ecosystem, with a total value locked of up to $1.75 billion. Puffer Finance also has an ambitious roadmap for the EigenLayer ecosystem.
Tokenomics and Incentives for Farming and Staking $GS Revealed
In a detailed blog post on Medium, GammaSwap provided insights into the tokenomics of its native token $GS and the incentives for farming and staking. The platform also shared its emission plans and distribution strategy ahead of the launch. Furthermore, GammaSwap announced incentives for borrowing and plans to introduce bribing gauges using MP points in the future. This innovative approach will allow the platform to specify gauge weights without requiring token locking, utilizing MP points and esGS.