GammaSwap, the pioneer in developing perpetual options on-chain, has recently announced a strategic partnership with Puffer Finance, a protocol aligned with Ethereum for liquid staking. The collaboration aims to enhance the overall user experience on the platform. GammaSwap shared the news of this exciting partnership on social media platform X.
The company revealed that they are thrilled to collaborate with @puffer_finance. As part of the partnership, one percent of the total $GS supply will be allocated to pufETH holders, with 20% distributed through an airdrop and 80% through liquidity mining post Token Generation Event (TGE).
In a recent update, GammaSwap highlighted the significant benefits that users can expect from this partnership. The firm emphasized its commitment to revolutionizing cryptocurrency derivatives, particularly perpetual options forums, by transforming Automated Market Makers (AMMs). By eliminating fragmentation across expiry or strike price, GammaSwap enables trading parties to leverage any coin without relying on an oracle.
The company also commended Puffer Finance for its unique features, positioning it as a market leader in the liquid staking ecosystem with a total value locked of $1.75 billion. Additionally, Puffer Finance has an ambitious roadmap for the EigenLayer ecosystem, further solidifying its position in the market.
GammaSwap further unveiled the tokenomics of $GS and outlined the incentives for farming and staking in a detailed blog post on Medium. The platform provided insights into emission plans, distribution strategies, and borrowing incentives. It also announced plans to introduce bribing gauges using MP points in the future, allowing for gauge weight specification without the need for token locking.