GammaSwap, the pioneer of on-chain perpetual options, has announced a new collaboration. The platform has revealed its partnership with Puffer Finance, an Ethereum-based protocol for liquid staking, with the aim of enhancing the user experience. GammaSwap took to the social media platform X to share this exciting news with the community.
“We are thrilled to announce our collaboration with @puffer_finance . As part of this partnership, 1% of the total $GS supply will be allocated to pufETH holders, with 20% distributed through an airdrop and 80% through liquidity mining after TGE. + = 1/4 pic.twitter.com/OCZQ9p1TIY” – GammaSwap (@GammaSwapLabs) May 30, 2024
GammaSwap Commences Partnership with Puffer Finance to Enhance User Experience
In its recent post, the company emphasized the significant benefits that this collaboration will bring to its users. According to GammaSwap, it has set aside up to 1% of the total $GS supply for those holding pufETH. Additionally, it mentioned that 20% of the tokens will be distributed through an airdrop, while a substantial 80% will be allocated for liquidity mining after the TGE.
The platform clarified that its intention is to revolutionize cryptocurrency derivatives by transforming AMMs and establishing perpetual options forums. GammaSwap highlighted that perpetual options eliminate any fragmentation across expiry or strike price, allowing trading parties to benefit from any coin without relying on an oracle.
The company also elaborated on the unique features of Puffer that led to this partnership. It stated that Puffer is one of the leading entities in the liquid staking ecosystem, with a total value locked of up to $1.75 billion. Furthermore, Puffer reportedly has an ambitious roadmap for the EigenLayer ecosystem.
Platform Reveals Tokenomics of $GS and Incentives for Farming and Staking
In an exclusive blog post on Medium, GammaSwap provided further insights into this endeavor. The platform introduced the tokenomics of its native token, $GS, and highlighted the incentives for farming and staking.
The post also mentioned plans for emissions and distribution ahead of the launch, as well as incentives for borrowing. GammaSwap revealed its intention to incorporate bribing gauges using MP points in the future. This approach will allow the company to specify gauge weights without the need for token locking, utilizing both MP points and esGS.
By joining forces with Puffer Finance, GammaSwap aims to enhance the user experience and revolutionize the cryptocurrency derivatives landscape. The partnership brings together two innovative platforms in the Ethereum ecosystem, paving the way for exciting developments in the world of decentralized finance.
