Liquid restaking protocol Puffer Finance has unveiled CARROT, a rewards token users can earn by staking, providing liquidity and voting on governance proposals. 100 million CARROT tokens will be distributed through a community voting process in which users determine where and how the rewards are distributed, Puffer Finance said in a Jan. 22 X post. Once the Season Two rewards period ends with a Jan. 31 snapshot, CARROT tokens will be converted into PUFFER tokens for the airdrop. The launch of CARROT tokens provides an on-chain rewards system more transparent than its old off-chain Puffer Points rewards, Puffer Finance said in a blog post. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io