๐Hello Buffer Community,
Buffer Finance V2 Testnet is LIVE!
Get your strategies ready & Place your test trades๐
โ๏ธPolygon Testnet๐ Here (https://testnet.buffer.finance/POLYGON/binary/ETH)
โ๏ธBSC Testnet๐ Here (https://testnet.buffer.finance/BSC/binary/BNB)
๐Report your bugs ๐ Here! https://forms.gle/8AJt8bc7R15UgCA99
What's Upcoming?
๐Incentivised Testnet:
We're currently working on the leaderboard for the testnet!
Once ready, the testnet will be INCENTIVIZED!
๐Avalanche Testnet coming soon.
Expected time: 2 Weeks!
๐V2 white paper with more detailed info on the mechanics & new features coming soon!
Buffer Finance V2 Testnet is LIVE!
Get your strategies ready & Place your test trades๐
โ๏ธPolygon Testnet๐ Here (https://testnet.buffer.finance/POLYGON/binary/ETH)
โ๏ธBSC Testnet๐ Here (https://testnet.buffer.finance/BSC/binary/BNB)
๐Report your bugs ๐ Here! https://forms.gle/8AJt8bc7R15UgCA99
What's Upcoming?
๐Incentivised Testnet:
We're currently working on the leaderboard for the testnet!
Once ready, the testnet will be INCENTIVIZED!
๐Avalanche Testnet coming soon.
Expected time: 2 Weeks!
๐V2 white paper with more detailed info on the mechanics & new features coming soon!
๐จ Update on Rebate ๐จ
Hi everyone rebate tokens can be now claimed via our vesting page
https://app-v1.buffer.finance/vesting
๐ธ Also as we are moving from V1 to V2 as the first step we have paused liquidity rewards for rBFR stakers.
You can now withdraw your rBFR and take out your BNB from the liquidity pool
1๏ธโฃ https://app.buffer.finance/BSC/staking (Harvest & Unstake rBFR)
2๏ธโฃ https://app.buffer.finance/BSC/liquidity (Withdraw your BNB)
Hi everyone rebate tokens can be now claimed via our vesting page
https://app-v1.buffer.finance/vesting
๐ธ Also as we are moving from V1 to V2 as the first step we have paused liquidity rewards for rBFR stakers.
You can now withdraw your rBFR and take out your BNB from the liquidity pool
1๏ธโฃ https://app.buffer.finance/BSC/staking (Harvest & Unstake rBFR)
2๏ธโฃ https://app.buffer.finance/BSC/liquidity (Withdraw your BNB)
๐ขBuffer Bi-Weekly Update!
Hi @everyone!
We hope everyone in the Buffer community is doing ok - we know the markets have been hard but weโre happy to let you know weโre still working hard behind the scenes, building and delivering on our vision for the Buffer Finance protocol. Our bi-weekly updates are back and weโll continue to keep you informed as we go on this journey together.
As many of you know weโve been busy building the Buffer V2 features and below is a quick update on whatโs been launched recently and whatโs coming up soon:
1) Buffer Finance V2 Testnet is live!
Some of the new features for Buffer Finance in the V2 update:
โ Highly capital-efficient with protocol-owned liquidity
โ Place all your orders with $iBFR
โ Place trades as yes/no statement (simplifies the user experience)
โ Gamified interface with Odds and probability
โ Enhanced composability and new opportunities with #DDOVs
โ Buffer Prime Club & #NFTs for exclusive benefits & market insights to holders
โ Smoother & more intuitive UI
The full V2 features will be rolled out in the coming months, but please help us out by using and testing the new updates on Testnet and letting us know about any bugs or issues.
Don't forget to show your love for our transition to the Buffer Finance V2, anon, by Liking, tweeting, or commenting!
Check it out ๐
๐ https://twitter.com/buffer_finance/status/1545075274945122305?s=21&t=jWpD_oog8VFT6WB_xpMzHA
2) Buffer Prime Club NFTs
What is Buffer Prime Club?
Buffer Prime Club is a collection of 9,999 multi-chain NFTs generated entirely on-chain.
A quick overview:
โข Directly participate in Bufferโs future development and growth
โข Ensuring non-speculative governance by preventing pump & dump in the secondary market
โข Buy/Sell the voting NFTs just like any NFTs
โข More secure and progressively decentralized governance
โข Truly tangible voting rights
๐And hereโs the exciting bit:
Buffer Prime Club NFT is divided into 4 tiers. Besides voting rights, each tier unlocks exclusive benefits for users.
๏ฟผ
For more info on the Buffer Prime Club NFTs check out our Medium article below:
๐https://buffer-finance.medium.com/introducing-buffer-prime-nft-club-758e9b2b4e17
The team is continuing to build away on a number of key items that we'll be sharing with you all soon:
1. Incentivized Testnet with leaderboard
2. Development of KPI options and other exotic options
3. Project partnerships for launching DDOVs for other projects
Thanks for tuning in Buffer fam. Hope you have a great week! ๐
Hi @everyone!
We hope everyone in the Buffer community is doing ok - we know the markets have been hard but weโre happy to let you know weโre still working hard behind the scenes, building and delivering on our vision for the Buffer Finance protocol. Our bi-weekly updates are back and weโll continue to keep you informed as we go on this journey together.
As many of you know weโve been busy building the Buffer V2 features and below is a quick update on whatโs been launched recently and whatโs coming up soon:
1) Buffer Finance V2 Testnet is live!
Some of the new features for Buffer Finance in the V2 update:
โ Highly capital-efficient with protocol-owned liquidity
โ Place all your orders with $iBFR
โ Place trades as yes/no statement (simplifies the user experience)
โ Gamified interface with Odds and probability
โ Enhanced composability and new opportunities with #DDOVs
โ Buffer Prime Club & #NFTs for exclusive benefits & market insights to holders
โ Smoother & more intuitive UI
The full V2 features will be rolled out in the coming months, but please help us out by using and testing the new updates on Testnet and letting us know about any bugs or issues.
Don't forget to show your love for our transition to the Buffer Finance V2, anon, by Liking, tweeting, or commenting!
Check it out ๐
๐ https://twitter.com/buffer_finance/status/1545075274945122305?s=21&t=jWpD_oog8VFT6WB_xpMzHA
2) Buffer Prime Club NFTs
What is Buffer Prime Club?
Buffer Prime Club is a collection of 9,999 multi-chain NFTs generated entirely on-chain.
A quick overview:
โข Directly participate in Bufferโs future development and growth
โข Ensuring non-speculative governance by preventing pump & dump in the secondary market
โข Buy/Sell the voting NFTs just like any NFTs
โข More secure and progressively decentralized governance
โข Truly tangible voting rights
๐And hereโs the exciting bit:
Buffer Prime Club NFT is divided into 4 tiers. Besides voting rights, each tier unlocks exclusive benefits for users.
๏ฟผ
For more info on the Buffer Prime Club NFTs check out our Medium article below:
๐https://buffer-finance.medium.com/introducing-buffer-prime-nft-club-758e9b2b4e17
The team is continuing to build away on a number of key items that we'll be sharing with you all soon:
1. Incentivized Testnet with leaderboard
2. Development of KPI options and other exotic options
3. Project partnerships for launching DDOVs for other projects
Thanks for tuning in Buffer fam. Hope you have a great week! ๐
๐ขBuffer Bi-Weekly Update!
Hi @everyone!
We hope everyone in the Buffer community is doing well - itโs been great to see markets slowly coming back to life and hoping itโll be an exciting few months coming into the end of 2022! The team are working hard behind the scenes, building and delivering on our vision for the Buffer Finance protocol.
As many of you know weโve been busy building the Buffer V2 features and itโs the primary focus of our development efforts at the moment. Below is a quick update on whatโs coming up soon and weโre looking forward to sharing some more announcements about Buffer V2 with you shortly:
1. Incentivized Testnet with leaderboard - ๐ข announcement coming soon!
2. Quick and OTC options (currently in internal testing)
Don't forget to check out the Buffer V2 testnet and test out the new features - weโre always keen to get user feedback and receive any bug reports. All links in the Twitter post below:
๐ https://twitter.com/buffer_finance/status/1545075274945122305?s=21&t=jWpD_oog8VFT6WB_xpMzHA
Thanks for tuning in Buffer fam. Hope you have a great week! ๐
Hi @everyone!
We hope everyone in the Buffer community is doing well - itโs been great to see markets slowly coming back to life and hoping itโll be an exciting few months coming into the end of 2022! The team are working hard behind the scenes, building and delivering on our vision for the Buffer Finance protocol.
As many of you know weโve been busy building the Buffer V2 features and itโs the primary focus of our development efforts at the moment. Below is a quick update on whatโs coming up soon and weโre looking forward to sharing some more announcements about Buffer V2 with you shortly:
1. Incentivized Testnet with leaderboard - ๐ข announcement coming soon!
2. Quick and OTC options (currently in internal testing)
Don't forget to check out the Buffer V2 testnet and test out the new features - weโre always keen to get user feedback and receive any bug reports. All links in the Twitter post below:
๐ https://twitter.com/buffer_finance/status/1545075274945122305?s=21&t=jWpD_oog8VFT6WB_xpMzHA
Thanks for tuning in Buffer fam. Hope you have a great week! ๐
๐ข We are thrilled to announce V2 incentivized testnet will be live on
@0xPolygon in <24 hours โฐ
Details๐
โ๏ธ Duration: 2 weeks
โ๏ธ Venue: http://testnet.buffer.finance
โ๏ธ Start time: 19th August 17:00 UTC
โ๏ธ Reward pool: 100,000 $iBFR
๐ฐRewards for lowest PnL ๐as well
Link for further details - https://bit.ly/3Awb6W0
@0xPolygon in <24 hours โฐ
Details๐
โ๏ธ Duration: 2 weeks
โ๏ธ Venue: http://testnet.buffer.finance
โ๏ธ Start time: 19th August 17:00 UTC
โ๏ธ Reward pool: 100,000 $iBFR
๐ฐRewards for lowest PnL ๐as well
Link for further details - https://bit.ly/3Awb6W0
@everyone Because of the sudden surge in bot spamming we have decided to pause Testnet for now and directly restart the next batch on the 26th of August at 5:00 pm UTC. For this week only trades till 24th August at 5:00 pm UTC will be considered.
1. We will limit USDC claims to once at the start of the competition and all claims will be verified via Twitter RT.
2. Also a new scoring mechanism is worked upon which will completely dis-incentivize spamming bot activity (These spam bots are the reason for the current low performance of our exercise bot)
Again we are not trying to stop bot activity or automated trading. But spamming just because there is zero cost in using Testnet will disincentivize actual traders (who place independent trades based on price movement).
All spam bot scores will be completely removed retrospectively from the leaderboard.
Thanks to everyone who participated in this batch of Testnet - the UX and rewards will just gonna get better in the next batch so stay tuned!
1. We will limit USDC claims to once at the start of the competition and all claims will be verified via Twitter RT.
2. Also a new scoring mechanism is worked upon which will completely dis-incentivize spamming bot activity (These spam bots are the reason for the current low performance of our exercise bot)
Again we are not trying to stop bot activity or automated trading. But spamming just because there is zero cost in using Testnet will disincentivize actual traders (who place independent trades based on price movement).
All spam bot scores will be completely removed retrospectively from the leaderboard.
Thanks to everyone who participated in this batch of Testnet - the UX and rewards will just gonna get better in the next batch so stay tuned!
๐Hello Buffer Community,
V2 Incentivized Testnet (Week #2) is now LIVE on Polygon Testnet!๐ข
โ For week 1
1.We will be rewarding the top 7 scorers and least scorers.
2. Least scorer reward will be discontinued for Week 2.
You can check previous weeks winners via the below link
https://testnet.buffer.finance/POLYGON/leaderboard/1/incentivised
Whatโs new?
โ USDC Faucet:
- USDC claims can only be made once at the start of the competition;
- Verification via tweeter is required for the claim
- Claimed USDC tokens cannot be transferred from one wallet to another
โ Leaderboard Scoring:
- The total token minted will be considered the base for leaderboard scores.
- Total token balance at the end of the tournament will be divided by the total minted tokens
- No reward for the lowest scorer this week
- You can directly check the score on the leaderboard
Details:
Venue: https://testnet.buffer.finance
Duration: 1 week
Date & Time: August 26th at 17:00 UTC to September 2nd at 17:00 UTC
Reward Pool: 50,000 $iBFR (Top 10 winners)
Ready to place your best trades, anon?
Guide to get started๐
https://buffer-finance.medium.com/guide-how-to-trade-on-buffer-v2-testnet-23213b475369
V2 Incentivized Testnet (Week #2) is now LIVE on Polygon Testnet!๐ข
โ For week 1
1.We will be rewarding the top 7 scorers and least scorers.
2. Least scorer reward will be discontinued for Week 2.
You can check previous weeks winners via the below link
https://testnet.buffer.finance/POLYGON/leaderboard/1/incentivised
Whatโs new?
โ USDC Faucet:
- USDC claims can only be made once at the start of the competition;
- Verification via tweeter is required for the claim
- Claimed USDC tokens cannot be transferred from one wallet to another
โ Leaderboard Scoring:
- The total token minted will be considered the base for leaderboard scores.
- Total token balance at the end of the tournament will be divided by the total minted tokens
- No reward for the lowest scorer this week
- You can directly check the score on the leaderboard
Details:
Venue: https://testnet.buffer.finance
Duration: 1 week
Date & Time: August 26th at 17:00 UTC to September 2nd at 17:00 UTC
Reward Pool: 50,000 $iBFR (Top 10 winners)
Ready to place your best trades, anon?
Guide to get started๐
https://buffer-finance.medium.com/guide-how-to-trade-on-buffer-v2-testnet-23213b475369
@everyone week-2 of the incentivized Testnet has officially ended.
Congratulations to all the winners, we will be airdropping $iBFR tokens to the winners' wallets on the BSC chain in the coming week.
Also, stay tuned for more incentivized testnets and other competitions. Announcements coming soon!
Congratulations to all the winners, we will be airdropping $iBFR tokens to the winners' wallets on the BSC chain in the coming week.
Also, stay tuned for more incentivized testnets and other competitions. Announcements coming soon!
๐Hey Buffer Fam,
BIP 01, Buffer's first snapshot proposal is live, giving decisional power to the community.
Summary: Migrating iBFR tokens (on BSC) to $BFR tokens (on @arbitrum)
Vote today, here๐
https://snapshot.org/#/bufferfinance.eth/proposal/0x11b63c7426bec31adca8b51fb132da719247404982ae82b298e853c9ce180a8e
Link to Buffer Space - https://snapshot.org/#/bufferfinance.eth
How to vote?
1๏ธโฃGo to snapshot link above
2๏ธโฃConnect your MetaMask wallet and switch to BSC Mainnet.
3๏ธโฃSelect the "Token migration" proposal
4๏ธโฃVote "Yes" or "No."
Starting now, the voting period will last 5 days.
Once the voting period is over, we will announce the outcome.
If the proposal is approved, we will share additional migration details and a guide on how to migrate your tokens.
The decision-making power rests with the community now, so whether or not these proposals go through is up to the vote!๐
BIP 01, Buffer's first snapshot proposal is live, giving decisional power to the community.
Summary: Migrating iBFR tokens (on BSC) to $BFR tokens (on @arbitrum)
Vote today, here๐
https://snapshot.org/#/bufferfinance.eth/proposal/0x11b63c7426bec31adca8b51fb132da719247404982ae82b298e853c9ce180a8e
Link to Buffer Space - https://snapshot.org/#/bufferfinance.eth
How to vote?
1๏ธโฃGo to snapshot link above
2๏ธโฃConnect your MetaMask wallet and switch to BSC Mainnet.
3๏ธโฃSelect the "Token migration" proposal
4๏ธโฃVote "Yes" or "No."
Starting now, the voting period will last 5 days.
Once the voting period is over, we will announce the outcome.
If the proposal is approved, we will share additional migration details and a guide on how to migrate your tokens.
The decision-making power rests with the community now, so whether or not these proposals go through is up to the vote!๐
๐Hello Buffer fam!
๐ขBuffer v2 is now live on Arbitrum Gรถrli Testnet!
This is the moment you have been waiting for!
โ Check it out, here๐
https://testnet.buffer.finance/ARBITRUM/binary/BTC
โ Instructions on how to get started, here๐
https://bit.ly/3QXH8z0
Stay tuned for more details on migration after the voting period ends tomorrow!
๐ขBuffer v2 is now live on Arbitrum Gรถrli Testnet!
This is the moment you have been waiting for!
โ Check it out, here๐
https://testnet.buffer.finance/ARBITRUM/binary/BTC
โ Instructions on how to get started, here๐
https://bit.ly/3QXH8z0
Stay tuned for more details on migration after the voting period ends tomorrow!
๐Hey Buffer Fam,
Voting for BIP-01 is now closed.
The proposal to migrate iBFR tokens (BNB chain) to BFR tokens (Arbitrum) has passed with 96.56% YES votes!
We appreciate the support of everyone that voted and took part in the discussion!๐ค
Stay tuned for migration details!
Voting for BIP-01 is now closed.
The proposal to migrate iBFR tokens (BNB chain) to BFR tokens (Arbitrum) has passed with 96.56% YES votes!
We appreciate the support of everyone that voted and took part in the discussion!๐ค
Stay tuned for migration details!
Hi @everyone,
We will be officially starting the migration process from BNB chain to the Arbitrum chain today.
You can check out the details on how to transfer your tokens to Arbitrum here.
https://buffer-finance.medium.com/ibfr-to-bfr-token-migration-is-now-live-b8bc1e46452b
Key things to note
1. You get 1 $BFR token for 1 $iBFR token (so no value dilution)
2. You can transfer tokens to the main deployed contract directly via this like - https://app.buffer.finance/BSC/migration
3. If your tokens are under vesting you can claim the unclaimed tokens here - https://app-v0.buffer.finance/vesting
4. If your tokens are unvested - then you need not do anything; same vesting schedule will be started on Arbitrum
5. You will start receiving $BFR tokens on Arbitrum in the same wallet within 72 hours of transferring from the BNB chain
6. Arbitrum $BFR contract address will be announced after deployment on all the social channels
We will be officially starting the migration process from BNB chain to the Arbitrum chain today.
You can check out the details on how to transfer your tokens to Arbitrum here.
https://buffer-finance.medium.com/ibfr-to-bfr-token-migration-is-now-live-b8bc1e46452b
Key things to note
1. You get 1 $BFR token for 1 $iBFR token (so no value dilution)
2. You can transfer tokens to the main deployed contract directly via this like - https://app.buffer.finance/BSC/migration
3. If your tokens are under vesting you can claim the unclaimed tokens here - https://app-v0.buffer.finance/vesting
4. If your tokens are unvested - then you need not do anything; same vesting schedule will be started on Arbitrum
5. You will start receiving $BFR tokens on Arbitrum in the same wallet within 72 hours of transferring from the BNB chain
6. Arbitrum $BFR contract address will be announced after deployment on all the social channels
Medium
$iBFR to $BFR token Migration is now LIVE!
After successful voting round, with the majority of the Buffer community voting in support, we are excited to announce that the migrationโฆ
image_2022-09-22_23-13-36.png
352.8 KB
๐Hey Buffer Fam,
We're happy to present you with the newest development in the Buffer ecosystem โ The New and Improved UI.
What's new?
โ First, the landing page has been completely refactored to be more intuitive. We have aligned it with the recent developments on Buffer V2, including the upcoming launch on Arbitrum.
โ Secondly, we added a Practise Trading Page. You can now play with your trades risk-free. The practice trading page is especially useful for beginner traders, allowing you to make mistakes and experiment with different strategies with zero risk.
Check it out here๐
https://buffer.finance/
We look forward to your feedback and suggestions on improving it further!๐
We're happy to present you with the newest development in the Buffer ecosystem โ The New and Improved UI.
What's new?
โ First, the landing page has been completely refactored to be more intuitive. We have aligned it with the recent developments on Buffer V2, including the upcoming launch on Arbitrum.
โ Secondly, we added a Practise Trading Page. You can now play with your trades risk-free. The practice trading page is especially useful for beginner traders, allowing you to make mistakes and experiment with different strategies with zero risk.
Check it out here๐
https://buffer.finance/
We look forward to your feedback and suggestions on improving it further!๐
Buffer finance | Announcements pinned ยซHi @everyone, We will be officially starting the migration process from BNB chain to the Arbitrum chain today. You can check out the details on how to transfer your tokens to Arbitrum here. https://buffer-finance.medium.com/ibfr-to-bfr-token-migration-isโฆยป
๐ขImportant Migration Update!
$BFR is now listed on Uniswap v3 Arbitrum
https://app.uniswap.org/#/swap
$BFR Token Address: 0x1A5B0aaF478bf1FDA7b934c76E7692D722982a6D
๐จ๐๐ผ ๐ป๐ผ๐ ๐๐ฟ๐ฎ๐ฑ๐ฒ $๐ถ๐๐๐ฅ ๐ผ๐ป ๐๐ต๐ฒ ๐๐ก๐ ๐ฐ๐ต๐ฎ๐ถ๐ป ๐๐ผ๐ ๐บ๐ถ๐ด๐ต๐ ๐ณ๐ฎ๐ฐ๐ฒ ๐๐ฒ๐ฟ๐ ๐ต๐ถ๐ด๐ต ๐๐น๐ถ๐ฝ๐ฝ๐ฎ๐ด๐ฒ๐จ
$BFR is now listed on Uniswap v3 Arbitrum
https://app.uniswap.org/#/swap
$BFR Token Address: 0x1A5B0aaF478bf1FDA7b934c76E7692D722982a6D
๐จ๐๐ผ ๐ป๐ผ๐ ๐๐ฟ๐ฎ๐ฑ๐ฒ $๐ถ๐๐๐ฅ ๐ผ๐ป ๐๐ต๐ฒ ๐๐ก๐ ๐ฐ๐ต๐ฎ๐ถ๐ป ๐๐ผ๐ ๐บ๐ถ๐ด๐ต๐ ๐ณ๐ฎ๐ฐ๐ฒ ๐๐ฒ๐ฟ๐ ๐ต๐ถ๐ด๐ต ๐๐น๐ถ๐ฝ๐ฝ๐ฎ๐ด๐ฒ๐จ
app.uniswap.org
Uniswap Interface
Swap crypto on Ethereum, Base, Arbitrum, Polygon, Unichain and more. The DeFi platform trusted by millions.
Hi @eveyone
beta version of $BFR staking & USDC liquidity pool is now live on Arbitrum mainnet!
๐ https://app.buffer.finance/ARBITRUM/earn
For more details - https://buffer-finance.medium.com/introducing-all-new-bfr-staking-and-liqudity-pool-ba4b888ba470
beta version of $BFR staking & USDC liquidity pool is now live on Arbitrum mainnet!
๐ https://app.buffer.finance/ARBITRUM/earn
For more details - https://buffer-finance.medium.com/introducing-all-new-bfr-staking-and-liqudity-pool-ba4b888ba470
๐Hey Buffer Fam,
Many of you've been curious about the mechanics around the esBFR token.
Hereโs a quick explainer๐งต๐
๐What is esBFR?
โ๏ธEscrowed BFR or esBFR lies at the center of Buffer's escrow system.
โ๏ธIt is a non-transferable reward token emitted to BFR stakers & BLP stakers
(Minted on adding liquidity to USDC vault)
๐Yield accrual:
With esBFR, users can:
โ COMPOUND:
- stake esBFR to earn rewards (fees + esBFR). Staking esBFR entitles you to the same rewards as you would have earned by staking BFR.
โ CLAIM:
- Withdraw esBFR to your wallet, which can then be vested to BFR over 365 days by depositing the claimed esBFRs into the vesting vault.
๐Vesting details:
โ๏ธThrough vesting, escrowed BFR (esBFR) tokens can be converted into BFR tokens, accessed via vesting vault on https://app.buffer.finance/ARBITRUM/earn
โ๏ธTo vest, users must put some BLP or BFR tokens to reserve that were used to earn the rewards.
โ๏ธWhile esBFR are vesting, reserved tokens cannot be un-staked, but they still keep earning the rewards
โ๏ธTo unstake reserved BLP or BFR tokens, you need to first withdraw them from the vesting vault. It also sends unvested esBFR tokens and vested BFR tokens to your wallet
โ๏ธVested BFR can be claimed anytime during the vesting period, and new esBFR can be added to the vesting vault
โ๏ธIf you don't have enough staked BLP or BFR tokens to vest your esBFR tokens, you might have to buy BFR tokens or add liquidity to the USDC vault and mint BLP tokens.
For more information on esBFR, go here๐
https://buffer-finance.medium.com/introducing-all-new-bfr-staking-and-liqudity-pool-ba4b888ba470
We will be releasing the documentation for Buffer V2, which can be your go-to doc for all FAQs and all the other protocol mechanics.
For any more queries, reach out to us here:
๐ Discord:
https://discord.com/channels/842093373082959952/1021467584882810972
๐ Telegram:
https://t.me/bufferfinance
Many of you've been curious about the mechanics around the esBFR token.
Hereโs a quick explainer๐งต๐
๐What is esBFR?
โ๏ธEscrowed BFR or esBFR lies at the center of Buffer's escrow system.
โ๏ธIt is a non-transferable reward token emitted to BFR stakers & BLP stakers
(Minted on adding liquidity to USDC vault)
๐Yield accrual:
With esBFR, users can:
โ COMPOUND:
- stake esBFR to earn rewards (fees + esBFR). Staking esBFR entitles you to the same rewards as you would have earned by staking BFR.
โ CLAIM:
- Withdraw esBFR to your wallet, which can then be vested to BFR over 365 days by depositing the claimed esBFRs into the vesting vault.
๐Vesting details:
โ๏ธThrough vesting, escrowed BFR (esBFR) tokens can be converted into BFR tokens, accessed via vesting vault on https://app.buffer.finance/ARBITRUM/earn
โ๏ธTo vest, users must put some BLP or BFR tokens to reserve that were used to earn the rewards.
โ๏ธWhile esBFR are vesting, reserved tokens cannot be un-staked, but they still keep earning the rewards
โ๏ธTo unstake reserved BLP or BFR tokens, you need to first withdraw them from the vesting vault. It also sends unvested esBFR tokens and vested BFR tokens to your wallet
โ๏ธVested BFR can be claimed anytime during the vesting period, and new esBFR can be added to the vesting vault
โ๏ธIf you don't have enough staked BLP or BFR tokens to vest your esBFR tokens, you might have to buy BFR tokens or add liquidity to the USDC vault and mint BLP tokens.
For more information on esBFR, go here๐
https://buffer-finance.medium.com/introducing-all-new-bfr-staking-and-liqudity-pool-ba4b888ba470
We will be releasing the documentation for Buffer V2, which can be your go-to doc for all FAQs and all the other protocol mechanics.
For any more queries, reach out to us here:
๐ Discord:
https://discord.com/channels/842093373082959952/1021467584882810972
๐ Telegram:
https://t.me/bufferfinance
@everyone we are running a poll to know more about our community's trading preferences.
https://twitter.com/Buffer_Finance/status/1579724455416594432?s=20&t=HSZHvarDpHUiE5BffZs8lQ
https://twitter.com/Buffer_Finance/status/1579724455416594432?s=20&t=HSZHvarDpHUiE5BffZs8lQ
๐Hey Buffer Fam,
Weโre thrilled to announce that trading on Buffer V2 starts tomorrow, Oct. 14th, with the Mainnet Beta launch on Arbitrum!๐
Feeling left out as an LP? But youโve got the edge! ๐
Join the BLP club where you earn #RealYield:
๐70% of the trading fee in USDC
๐ esBFR tokens
๐++ Probabilistic edge
Hereโs all you need to know about Buffer USDC vaults & BLP token๐
https://buffer-finance.medium.com/all-you-need-to-know-about-usdc-vaults-liqudity-pool-and-the-blp-token-d743b258da1d
Weโre thrilled to announce that trading on Buffer V2 starts tomorrow, Oct. 14th, with the Mainnet Beta launch on Arbitrum!๐
Feeling left out as an LP? But youโve got the edge! ๐
Join the BLP club where you earn #RealYield:
๐70% of the trading fee in USDC
๐ esBFR tokens
๐++ Probabilistic edge
Hereโs all you need to know about Buffer USDC vaults & BLP token๐
https://buffer-finance.medium.com/all-you-need-to-know-about-usdc-vaults-liqudity-pool-and-the-blp-token-d743b258da1d
Medium
All you need to know about USDC vaults and the BLP token
Minting/Redeeming the BLP Token
๐Hey Buffer Fam,
๐ขTrading is now LIVE on Arbitrum!
Before you start opening your simple UP and DOWN positions, here's what you need to know about Buffer Mainnet Beta๐
https://bit.ly/3exJMhO
Start Trading: app.buffer.finance
Not much of a reader? Here's a quick breakdown of the critical details๐ฝ
๐ To build trust in the protocol and ensure that Buffer is functioning as expected, we set up the following features to manage risks:
โ๏ธTrade size limit: Max trade size can be 2% of the available liquidity.
โ๏ธMax utilization of vault: Max vault utilization at a time is capped at 64% of the total available liquidity
Report your bugs here๐
https://discord.com/channels/842093373082959952/1021466946639777903
๐ Supported Assets:
ETH-BUSD
BTC-BUSD
ETH-BTC
EUR-BUSD
Happy Trading!
๐ขTrading is now LIVE on Arbitrum!
Before you start opening your simple UP and DOWN positions, here's what you need to know about Buffer Mainnet Beta๐
https://bit.ly/3exJMhO
Start Trading: app.buffer.finance
Not much of a reader? Here's a quick breakdown of the critical details๐ฝ
๐ To build trust in the protocol and ensure that Buffer is functioning as expected, we set up the following features to manage risks:
โ๏ธTrade size limit: Max trade size can be 2% of the available liquidity.
โ๏ธMax utilization of vault: Max vault utilization at a time is capped at 64% of the total available liquidity
Report your bugs here๐
https://discord.com/channels/842093373082959952/1021466946639777903
๐ Supported Assets:
ETH-BUSD
BTC-BUSD
ETH-BTC
EUR-BUSD
Happy Trading!