Buffer Digest #30

Greetings to all Bufferinos!

Welcome to the thirtieth 🎇 edition of the Buffer Digest. Our goal is to keep the Buffer community up to date on the latest news, including partnerships, product launches, and ecosystem updates.

In this week's edition:

• Key Stats: Platform Growth, APR Adjustments, Airdrop & Weekly Fee Burn.

• Platform Updates: New Pairs, Rare Insights on Buffer

• Ongoing Priorities: User Onboarding & Gamification, Marketing Efforts, Decentralized Betting Platform, Arbitrum Grants

• Community Updates: Trader of the Week

Key Stats

Protocol Growth:

• Trading Volume: $6.98 million

• Total Fees Collected: $905,380

• Total Trades: 93737

• Total Traders: 1657

• Total $BFR Staked: 20.41M (70.15% of the total circulating supply)

• Cumulative Buffer Burned: 123.5K $BFR

You can find more interesting stats here 🔽

APR Adjustment for Oct. 4th:

• $BFR: 12.35%

• $USDC Vault (uBLP): 66.82%

• $ARB Vault (aBLP): 0.68%

Details & Staking here 🔽

Airdrop & Fee Burn for Sept. 6th:

• 16.4 $ARB reserved for Airdrop to $BFR stakers

• 120 $BFR burned Platform Stats

Platform Updates

New Pairs are Coming to Buffer:

Rare Insights into Buffer - ft feynman (Product & BD lead @Buffer_Finance

While we wait for the devvrinos to give us new updates next week, let’s clarify a few questions that our traders often ask:

• uno, risk management up first (since that’s our latest update under v2.5.1) - why did Buffer make the decision to introduce a dynamic spread (applied on the strike price when a trade is placed) instead of simply adding lag to the trade execution.

Adding a lag not only hinders trade execution, it makes user experience highly unpredictable and non-intuitive. On the other hand - introducing spread nullifies the effect of lag and is calculated based on Historical volatility - this allows us to reduce option time frame and keep execution fast.

• dos, how is Buffer’s 1 Click trading different, why is it superior to any existing on-chain trading platform to date? What about decentralizing the facility?

Buffer’s 1 Click trading facility is not only different but it’s superior because unlike existing designs, it doesn't require users to constantly transport their assets from their primary web 3 wallet to the trading account (smart contract wallet). Meaning during your entire trading session on Buffer, NOT at any time will you have to worry about funding your trading account for gas, or for collateral EVER.

About decentralization, our keepers have been kept in-house to add an augmentation layer where traders get optimistic confirmation. Of course, decentralizing the facility in the future is alway on the priority list. To achieve complete censorship resistance, we plan to introduce direct contract interaction and establish a decentralized custodian network. This option will be available for traders who are comfortable with slightly delayed oracle confirmations, while still offering faster execution for those who prioritize speed.

🖐️ Fun fact - Buffer is the only platform that provides a reason for cancellation of order.

Ongoing Priorities:

User Onboarding & Gamification:

We are working on bringing no loss tournaments, trading leagues and a very unique incentive mechanism inspired by top gaming companies like CS:GO to Buffer.

Marketing Efforts:

Whilst we don’t want to give away all our Go To Market (GtM) strategy, we do want to assure you that we’re doing the following:

• Exploring innovative and effective funnels to drive product discovery

• Working with high quality KOLs

• Partnering closely with sister protocols on Arbitrum and other chain

Decentralized Betting Platform:

We are testing a new product by Buffer - a decentralized betting platform offering fun games including betting to general users, for those of you who enjoy a little bit of that thrill, a little bit of that red pill (intern’s got grade A - rhyming skills).

While testnet is being cooked and tasted (um tested) - official announcement and product details are around the corner.

Arbitrum Grants:

We are closely monitoring the progress of Arbitrum Grants Round 1. As we gear up for Round 2, we have an exciting proposal in store, should the second round take place.

The objectives include: onboarding users from centralized platforms to DeFi,  injecting a vibrant trader community on Arbitrum, and propelling the adoption of the $ARB token.

Community Updates:

Trader of the Week:

Let’s stay connected!

The best way to stay up-to-date with Buffer’s latest developments, and also actively participate with ideas, suggestions, and feedback, is to join Buffer’s Discord. Make sure to also follow Buffer on Twitter.