Weekly update 13/12/2021 - 20/12/2021

1. Upcoming new assets this week
a. Crypto - we will add more cryptocurrencies like $Link, $XRP, $ADA, $MATIC, and a few more
b. Commodities - Gold ($XAU) & Silver ($XAG)
c. Currencies - $JPY & $GBP

2. Chain expansion is one of our key priorities. We are working with some of the top emerging chains and have completed Testnet integrations and ecosystem testing. Will be announcing the first chain next week.

3. Token holder specific features is under development but we will be releasing a detailed set of features that will be available for token holders in the coming days.

4. New features & Product line - We are aggressively building new product lines to further simplify options for retail users
a. Prediction cards
b. Insurance
c. NFT marketplace
d. Stable coin liquidity pool
e. Call booster tokens for partner projects
Exact date for each feature will announced in upcoming weekly updates

Till then happy holding and trading 😀

Hi everyone,

🔈We are glad to announce that we have added more Cryptocurrencies to Buffer Finance's Arsenal.

You can buy downs if you are one of the holder and want to save your bag from falling or buy some up if you think it's the time of reversal.💥

👉app.buffer.finance

Happy new year everyone from team Buffer!💥🥳

Disrupting a quadrillion market is not easy but community support is what keeps a project going and growing.

We are grateful to all the visionary community members who believed in the project at such an early stage.

Looking forward to an exciting journey ahead.🚀

New feature update

1. Option/prediction NFT: All predictions and options are minted as NFTs. All the minted NFTs can be listed on the NFT marketplace for sale.

2. Default Auto-close: All options and predictions will have Auto-close switched on by default

3. Option Trading window: The stock options trading window will only be open from 2:45 pm to 8:45 pm UTC - this will prevent recent LP losses.

4. Tier system based on token ownership: Some features & community discussion would be available to only $iBFR holders (Detailed tiers would be announced soon).

🔊 Hi @everyone we are looking for a content creator. If any of the community member is interested in working with core team of buffer finance can reach out to @feyman101 on Telegram.

We are hiring 🥳

📌 Role: Content Creator | Part-time | Less than 15 hours per week

☑️ Responsibility: Create blogs, product screencasts, and Twitter threads to be circulated via top influencers, and to be published on our official Twitter handle

📝 Requirements:

1️⃣ Basic understanding of financial products
2️⃣ Experience in using Defi protocols like yield farms, option protocols, trading, etc.
3️⃣ Communicating complex concepts into simple understandable language.
4️⃣ Proficiency in English writing and speaking

💵 Compensation: Can be a mix of stable coin and project native token. Anyone willing to work only for native tokens ($iBFR) would be highly preferred.

☎️ Contact person: @feyman101

📢 Hi Community members,

Our content creation group in now open for everyone to join.
Where you can create & post your content to win $iBFR rewards.

If you are interested in being part of #BufferContentArmy please join
👉 https://t.me/+ttSBOhP7mIE1ZmY9

🔸Details on how to participate are shared in the group itself

Fud vs Reality from Team Buffer

1/
FUD: Roadmap has not been complete
Reality: Community governance is not introduced to build features faster.
Buy Backs, and CEX listing is in pipeline but has to be strategically planned else it might go against token holders' interest. Everything else in the ROADMAP is done.

2/
FUD: Option prices are not benchmarked
Reality: ATM prices of all the crypto assets are very close to Deribit prices. Recently, prices were a little high due to increased IVs, and high liquidity utilization.

3/
FUD: There is a lack of communication
Reality: All questions by community members are answered in the group within a few minutes.

4/
FUD: Token supply is high
Reality: <15% of the tokens have been released, and a large percentage of it is staked in the revenue share pool.

5/
FUD: Marketing is not being done
Reality: There is regular PR coverage. Announcements will be more frequent as we release a revised Roadmap. We have already started #Buffercontentarmy to scale our content release.

6/
FUD: There is no liquidity
Reality: More than 50% of liquidity is available right now to buy options - only in case of very high demand the liquidity was unavailable. We are in advanced talks already to get more liquidity in the system.

7/
FUD: No new features are being developed
Reality: A new roadmap has been prepared based on community feedback, and Devs are already building many advanced features. Details soon to follow.

We will also organize an AMA to answer other product, marketing, and content-related queries in the coming week after our new roadmap has been released.

🔈Hi everyone, here's the first glance at some of the upcoming features.

1. For Option buyers.
- Trigger Price and Stop Loss for $iBFR holders
- Better Pricing adjustment - based on liquidity utilization with separate CALL/PUT IVs

2. For liquidity providers/ Yield seekers
- Strategic Vaults for selling covered calls and puts on different assets
- Risk-adjusted liquidity pool with embedded capital insurance & $iBFR farming (So no separate staking)
- Additional yield on collateral by cross staking on other yield farms
- Adjustable lockup period - to be decided by governance

3. For $iBFR holders & community members
- Membership NFTs & DAO treasury launch
- $iBFR covered calls
- Adding time lock incentive to $iBFR revenue-sharing pool. The longer the tokens are locked higher the revenue share and power to vote.

All the above features will be implemented over the Q1/Q2 of this year - timelines & exact details will follow soon.
Our top priority is to start liquidity mining on Avax & launch on the Aurora chain followed by covered calls & cash puts for $iBFR, ETH, and native tokens of partner projects.

Stay Tuned!

🔈Hi @everyone,

AMA, for community members, will be organized between the 7th of March and 14th of March.

Right now, we are opening a question submission window that will stay open till the 6th of March at 23.55 UTC. If you have any questions regarding product development, team vision, upcoming events/partnerships. You can add them all in the google form using the link below.

👉 https://forms.gle/u7DF3oA89Uy6Z9GH6

Make sure to read the rules before submitting your questions. We will announce the exact date for AMA after the submission window has been closed.

🔈 Hi @everyone,

The AMA for community members will be held on 14th of March 2022 at 16:00 UTC

@feyman101 will address all the questions + there will be a 30 mins session where you can ask your questions in the group itself.

Hi @everyone, we will have to postpone the live session of AMA to tomorrow 16:00 UTC - We will be launching the Testnet for BNB covered calls today followed by AETH (Aurora) covered calls tomorrow on Aurora Testnet.

Meanwhile, answer to the questions submitted by the community members will be posted in the group itself. You can ask follow up questions tomorrow directly from @feyman101 when the live session starts.

Thanks & cheers!

🔈 Hi @everyone,

Our call booster (covered call) for BNB is now live on the Testnet

👉 https://testnet.buffer.finance/BSC/call-boosters

Note: Keep option size less than <0.01 BNB to get the write breakeven and premium

We will soon be releasing on BSC Mainnet along with Aurora Testnet.