📢Important Migration Update!

$BFR is now listed on Uniswap v3 Arbitrum

https://app.uniswap.org/#/swap

$BFR Token Address: 0x1A5B0aaF478bf1FDA7b934c76E7692D722982a6D

🚨𝗗𝗼 𝗻𝗼𝘁 𝘁𝗿𝗮𝗱𝗲 $𝗶𝗕𝗙𝗥 𝗼𝗻 𝘁𝗵𝗲 𝗕𝗡𝗕 𝗰𝗵𝗮𝗶𝗻 𝘆𝗼𝘂 𝗺𝗶𝗴𝗵𝘁 𝗳𝗮𝗰𝗲 𝘃𝗲𝗿𝘆 𝗵𝗶𝗴𝗵 𝘀𝗹𝗶𝗽𝗽𝗮𝗴𝗲🚨

Hi @eveyone

beta version of $BFR staking & USDC liquidity pool is now live on Arbitrum mainnet!

👉 https://app.buffer.finance/ARBITRUM/earn

For more details - https://buffer-finance.medium.com/introducing-all-new-bfr-staking-and-liqudity-pool-ba4b888ba470

👋Hey Buffer Fam,

Many of you've been curious about the mechanics around the esBFR token.

Here’s a quick explainer🧵👇

📋What is esBFR?
✔️Escrowed BFR or esBFR lies at the center of Buffer's escrow system.
✔️It is a non-transferable reward token emitted to BFR stakers & BLP stakers
(Minted on adding liquidity to USDC vault) 

📋Yield accrual:
With esBFR, users can:
✅COMPOUND:
- stake esBFR to earn rewards (fees + esBFR). Staking esBFR entitles you to the same rewards as you would have earned by staking BFR.
✅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.

📋Vesting details:
✔️Through vesting, escrowed BFR (esBFR) tokens can be converted into BFR tokens, accessed via vesting vault on https://app.buffer.finance/ARBITRUM/earn
✔️To vest, users must put some BLP or BFR tokens to reserve that were used to earn the rewards.
✔️While esBFR are vesting, reserved tokens cannot be un-staked, but they still keep earning the rewards
✔️To 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
✔️Vested BFR can be claimed anytime during the vesting period, and new esBFR can be added to the vesting vault 
✔️If 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 here👇
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:
💠Discord:
https://discord.com/channels/842093373082959952/1021467584882810972
💠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

👋Hey Buffer Fam,

We’re thrilled to announce that trading on Buffer V2 starts tomorrow, Oct. 14th, with the Mainnet Beta launch on Arbitrum!🚀

Feeling left out as an LP? But you’ve got the edge! 😎

Join the BLP club where you earn #RealYield:
👉70% of the trading fee in USDC
👉 esBFR tokens
👉++ Probabilistic edge

Here’s all you need to know about Buffer USDC vaults & BLP token👇
https://buffer-finance.medium.com/all-you-need-to-know-about-usdc-vaults-liqudity-pool-and-the-blp-token-d743b258da1d

👋Hey Buffer Fam,

📢Trading 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 Beta👇
https://bit.ly/3exJMhO

Start Trading: app.buffer.finance

Not much of a reader? Here's a quick breakdown of the critical details🔽

💠 To build trust in the protocol and ensure that Buffer is functioning as expected, we set up the following features to manage risks:

☑️Trade size limit: Max trade size can be 2% of the available liquidity.

☑️Max utilization of vault: Max vault utilization at a time is capped at 64% of the total available liquidity

Report your bugs here👇
https://discord.com/channels/842093373082959952/1021466946639777903

💠Supported Assets:
ETH-BUSD
BTC-BUSD
ETH-BTC
EUR-BUSD

Happy Trading!

👋Buffer Fam!

📢USDC reward emission has been started 💰💰

Check out the APR for $BFR staking pool and USDC vault👇
https://app.buffer.finance/ARBITRUM/earn

👋Hey Buffer Fam,

📢You asked we delivered!

New trading pairs added on Buffer:
👉 $ADA/BUSD
👉 $XRP/BUSD
👉 $SOL/BUSD

Start trading, here👇
https://app.buffer.finance/ARBITRUM/binary/ETH-BTC

New to one-click simple UP/DOWN options?
Get started, here👇
https://buffer-finance.medium.com/buffer-v2-trading-mainnet-beta-is-now-live-on-arbitrum-f755ea955b0c

More pairs coming soon!🦾🙌

⏳Migration-Reminder⏳

𝐥𝐞𝐬𝐬 𝐭𝐡𝐚𝐧 𝟏𝟐 𝐡𝐫𝐬 left to migrate $iBFR from
@BNBCHAIN
to
@arbitrum
(new ticker $BFR)!

You can find a guide & details on the migration here
👉 http://buffer-finance.medium.com/ibfr-to-bfr-token-migration-is-now-live-b8bc1e46452b

No Admin will ever DM you first - Beware of scammers

📢Migration Update

Snapshot at 3:30 PM UTC 20th October 2022 has been taken for $iBFR holding

$iBFR bought via DEX after the above snapshot on @BNBCHAIN won't be able to migrate.

For everyone else who has $iBFR in their wallet, staked or locked on @BNBCHAIN can still migrate.

If you still have $iBFR tokens please transfer them for migration to $BFR here
👉 https://app.buffer.finance/BSC/migration

The final supply, tokenomics, and vesting page will be up shortly.

Stay tuned!

Hey Fam!

To celebrate our amazing Mainnet Beta journey so far, we've got a surprise for you! 👀

We are hosting a Trade & Share Contest!

💰Prize pool of 5000 $BFR to be won!🔥

🗓Duration:
Oct. 22nd at <1 pm UTC > to Oct. 25th at <1 pm UTC>

Enter below👇

📜Criteria:

✅ Use the share function (from your history page on app.buffer.finance) for one of your trades on Twitter & tag @Buffer_Finance

✅ Like & RT the contest tweet https://fxtwitter.com/Lysis1501/status/1583808465402998784

🏆Prize:

5 lucky traders will receive 1,000 $BFR each!🥳

3 Winners will be chosen randomly and 1000 $BFR will go to each the highest shared loss & win!

Happy Trading and Good Luck!! 🍀

Hey Buffer Fam👋

As a final reminder to users holding $iBFR tokens in their wallets, staked or locked on BNBchain, please migrate all your $iBFR to $BFR tokens on Arbitrum.

The migration will end on Oct. 26th, 2022, at 12 AM UTC.⏰

$iBFR holders are entitled to change their $iBFR to $BFR on a 1:1 basis.

No migration will be possible after Oct. 26th, 2022 (12 AM UTC).

📑Migration guide👉 Here!

Note: the iBFR to BFR migration for iBFR tokens bought on DEXs has already ended, and a snapshot for the same was taken on Oct. 20th at 3:30 PM UTC.

You can find the record of that👉 Here!

The updated $BFR tokenomics and release schedule will be shared once the final migration is over.

🔈Everyone!

Trading and emissions for $BLP stakers has been stopped for now!

We are seeing a lot of Panic among liquidity providers with the volatility in BLP exchange rate. Although trading revenue has been surging we have decided to halt trading right now and shift to protocol owned liquidity and distribute 70% of the collected revenue to BLP holders (details of the snapshot and mechanism will be released in a few hours)

Thanks for being an early adopter we plan to resume trading with POL in a few days or so. And meanwhile increase USDC emissions for $BFR stakers as well.

Thanks again for the patience!

@everyone here's the list of all liquidity providers who added liquidity to the USDC vaults

1. LPs who exited at a higher exchange rate made a total gain of 1,130.29 USDC
2. LPs who exited or are holding liquidity at an exchange rate less that at which they entered made a loss of (116,063.20) USDC
3. The BLP has received 65,879.00 USDC in Revenue which is 56.7% to cover up the LPs who are at loss.
4. Remaining PnL will be filled with the esBFR bonus (Which was anyways part of the APY)

You can check individual wallet addresses with their PnL using the below link
👉 https://bit.ly/3VXy4hx

Honestly, we think revenue could have taken care of the BLP exchange volatility, and hence the APY was high. But there might be some communication gap from the side of the team and the liquidity provider started panicking + It's a mainnet BETA so we decided to tweak trade size, and max-utilization based on the week's trading data; nonetheless; we will move to POL and restart trading in next 24 hours - we will be updating how the new POL will look like and what benefits it brings to $BFR holders in a few hours.

@everyone

Revenue distribution details have been updated in the revenue distribution Tab. esBFR compensation has been frozen at $0.29 which is VWAP based on 4h price candles since the time $BFR has been listed on Uniswap Arbitrum.

It has both USDC and esBFR amounts to be sent to the holders who are at loss because of BLP volatility.
👉 https://bit.ly/3VXy4hx

Both USDC and esBFR will be sent to your wallet - you can visit the earn page to vest or stake your esBFR tokens
https://app.buffer.finance/ARBITRUM/earn

We will make another announcement when the distribution is complete thanks for keeping patience - stay tuned! for POL and Trading updates.

USDC and esBFR are now complete! POL details coming next

📢Trading is Back up on http://app.buffer.finance

➡️ Seed funded POL to make market
➡️ Max trade size 0.3% of the available POL
➡️ $BFR staker revenue share increased from 30% to 40% 💰💰
➡️ Max pool utilization limit 10% of available liquidity

👋 Hi Buffer Fam,

Join us on Discord on our discussion regarding growing POL to support bigger trades.

https://discord.com/channels/842093373082959952/1035526445205823528/1035526445205823528