Announcements Introducing Puffer (PUFFER) on Startup Mining: Stake to Earn Mining Rewards!

Introducing Puffer (PUFFER) on Startup Mining: Stake to Earn Mining Rewards!

2024-10-10 12:43:44 UTC 28335 Read

PUFFER/USDT -4.45%

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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.
[Visit Startup Mining and learn more](https://www.gate.io/startup-mining?gt_disable_intercept_jump=1&needNavBar=0 "Visit Startup Mining and learn more")

**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.

**4.Notice**
(1) After the staking ends, the staked assets will be automatically redeemed. Participants of "Single-Coin Multi-Mining" do not need to manually redeem their GT token.
(2) Users can increase or redeem the staked assets at any time during the staking period. After the user redeems in advance or the staking is completed, the staked assets will be transferred to Simple Earn by default. If this option is unchecked, the staked assets will be redeemed into spot assets. If the amount of redeemed assets is too small and does not meet the minimum subscription amount of Simple Earn, the assets will be automatically transferred to spot assets. Additionally, if Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.
(3) Please update your Gate.io App to the latest version (6.33.0) or higher, or visit Gate.io’s official website to join "[Single-Coin Multi-Mining](https://www.gate.io/announcements/article/39718 "Single-Coin Multi-Mining")" GT Pool. Before participating in Startup Mining, please ensure that you fully understand the participation rules. [Click here](https://www.gate.io/help/guide/faq/37021/startup-mining-faq "Click here") to learn more details.
(4) The use of duplicate accounts and any other cheating behaviors are strictly prohibited. Any cheating behavior will result in disqualification for receiving rewards.
(5) Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
(6) Gate.io reserves all rights to the final explanation.
(7) This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the [ User Agreement](https://www.gate.io/zh/user-agreement " User Agreement") for further details on Restricted Locations.

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Gate.io Team
October 10,2024

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Introducing Puffer (PUFFER) on Startup Mining: Stake to Earn Mining Rewards!

Introducing Puffer (PUFFER) on Startup Mining: Stake to Earn Mining Rewards!

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