How to Earn $PUFFER in Season 2: The Ultimate Guide to Maximizing Your Rewards
Gm, Puffer fam! 🐡
Today, the Puffer ecosystem includes its native liquid restaking protocol (LRT), yield-optimized vaults, Puffer Institutional solution, UniFi (its based rollup stack), and Puffer Preconf, a preconfirmation service for rollups. At the center of this growing ecosystem is $PUFFER, the governance token that empowers users to shape the ecosystem’s direction and long-term vision.
In Season 2, there are two primary ways to earn $PUFFER: by participating in the Puffer ecosystem to earn $CARROT — tokenized puffer points that can be claimable for $PUFFER at the end of the season 2 — or by engaging in external campaigns that reward users with $PUFFER directly.
This guide teaches you how to maximize opportunities during Season 2. Follow along! 👇
Earn $CARROT (Claimable for $PUFFER at the End of Season 2)
1. Staking $ETH, $PUFFER, or $CARROT
By staking core assets in the Puffer ecosystem, you contribute to its security and governance — and earn $CARROT in return.
Staking $PUFFER also gives you vePUFFER, which boosts your governance power and allows you to influence reward distributions. $CARROT staking can be from 1 to 12 months, with high APRs as long you stake.
You can stake ETH, PUFFER and CARROT here.
2. Exploring DeFi Opportunities
Provide liquidity, lend, borrow and use DeFi strategies involving pufETH, $PUFFER, or $CARROT. These integrations let you earn $CARROT while also accessing high APRs and supporting ecosystem liquidity.
Find all DeFi opportunities on theDeFi page.
3. Depositing on Puffer Vaults
Deposit assets like pufETH, stablecoins, or Bitcoin into Puffer Vaults. These are optimized, passive strategies that generate native yields and additional $CARROT rewards — perfect for users who want to maximize returns without active management.
A recently added option is the TAC vault for pufETH, in partnership with Turtle Club, which also brings $TAC and Concrete points in addition to $CARROT.
You can find the vaults here.
Earn $PUFFER Directly (Campaigns)
Not all rewards in Season 2 flow through $CARROT. Puffer has also teamed up with select partners to offer exclusive opportunities where users can earn $PUFFER directly.
These campaigns are separate from the ecosystem’s internal reward mechanisms and offer limited-time ways to grow your holdings.
OKX Wallet Campaign
Through a special promotion with OKX Wallet, users who deposit ETH, stETH, or wstETH via the wallet can tap into a 180,000 $PUFFER bonus pool. This campaign is live untilJune 5, 2025 — a straightforward and timely opportunity to earn $PUFFER.
Learn more about the OKX campaign here.
Binance Alpha Trading Competition
Following the recent expansion of pufETH and $PUFFER into BNB Chain, Binance Alpha has launched a trading competition where the top 14,000 participants will split 4.5 million $PUFFER.
The rules reward activity and strategy — especially for those who use limit orders, which count for triple trading volume. It’s a direct and competitive way to stack $PUFFER while celebrating Puffer’s growing presence in the BNB ecosystem.
Pieverse’s Binance Alpha Time Challenge
Puffer is featured in the Binance Alpha Time Challenge, a side campaign hosted by @Pieverse_io and powered by BNB Chain. It offers an extra opportunity to earn $PUFFER on top of the main Binance Alpha Trading Competition. A total of $5,000 in $PUFFER rewards is up for grabs for users who complete a simple but consistent task: trading at least $2 of $PUFFER per day, for 7 days in a row, using the Binance Wallet.
The challenge runs from May 31 to June 7. Learn more here.
Final Remarks
Season 2 offers multiple ways to stack $PUFFER, depending on how you want to engage with the ecosystem. You can contribute directly to Puffer’s infrastructure by staking, providing liquidity, or using vaults to earn $CARROT — which is claimable for $PUFFER at the end of the season. Or, you can participate in external campaigns with partners like OKX, Binance, and Pieverse to earn $PUFFER rewards outright.
Whichever route you choose, you’re helping power Ethereum’s decentralized future through Puffer!
Puffer Finance is a leading innovator in Ethereum infrastructure, focusing on next-generation rollups supported by liquid restaking (LRT) and preconfirmation as an AVS. With products like Puffer UniFi and Puffer UniFi AVS on EigenLayer, we are dedicated to enhancing Ethereum’s decentralization. Visit puffer.fi for more information.