Welcome to another edition of the Buffer Digest, our weekly protocol briefing. We're thrilled to bring you a recap of our achievements from the past week and key updates. Furthermore, we'll provide a glimpse into our future strategies to expand our project and community.

Read along!

TL;DR:

• Platform Updates

• Platform Statistics

• Buffer frens

• Community space

• Vibe of the week

Let's get started!

Platform Updates

Reduced minimum timeframes

This week, we've also rolled out shortened minimum timeframes for the altcoin pairs in the Buffer app, including:

• $OP/USD

• $BNB/USD

• $ARB/USD

• $MATIC/USD

Specifically, we've reduced the minimum time from 15 to just 5 minutes. Enjoy your trading!

$BFR trading is live!

This week we had one more exciting announcement.

This means traders utilizing the Buffer App can now employ the $BFR token to initiate positions. Regarding the fees generated from these trades, 50% will be burned (in accordance with BIP-02). In comparison, the remaining 50% will be allocated to the treasury, set to finance future loyalty programs and other incentives.

Here are the available pairs:

Crypto:

• $BTC/USD

• $ETH/USD

• $OP/USD

• $ARB/USD

• $MATIC/USD

• $BNB/USD

Forex:

• GBP/USD

• EUR/USD

All these trades are settled against a counterparty pool funded by the Buffer treasury and seeded with 5 million $BFR.

We're delighted to finally introduce this long-awaited and much-anticipated utility to the $BFR token, a key component of BIP-02. For a more comprehensive understanding of $BFR trading, we recommend this insightful article: https://t.co/ZKH1YFhptw. Happy trading, once again!

Weekly APR adjustments

New total APRs:
· $BFR: 16.24%
· $USDC Vault (uBLP): 29.88%
· $ARB Vault (aBLP): 7.75%
Airdrop:
· 171 $ARB of last week's fees reserved for Airdrop to $BFR stakers
As for total fees and volume:

Payouts are now dynamic

As you might recall from last week's Digest, we temporarily adjusted the payouts on Crypto and Forex pairs in anticipation of our new Dynamic Payouts System. This week, we're thrilled to make the final announcement - payouts on Buffer Finance have officially become dynamic!!

This means that payouts for a given pair are not static; they will fluctuate within a specified range. We chose this system to maintain BLP health during directional market phases and to provide protection against potential exploits.

How does it work? Payouts are periodically adjusted based on the outcomes of the 100 most recent trades for a specific pair. Additionally, they incrementally increase during periods when no trades are executed on a particular pair. The ranges are as follows:

• 10% - 70% for Crypto pairs

• 10% - 75% for Forex pairs

There's no need for concern about the 10% lower limit. In reality, it requires a significantly skewed win/loss ratio to reduce payouts to this minimum level. This feature primarily serves as a safeguard against potential exploits. For those interested in a deeper understanding of payout calculations, we'll be adding more details to our Gitbook soon.

Platform Statistics

Buffer frens

We were delighted to share some exciting news from our friends at Blitz Trade this week.

Their Seed Sale has officially launched on Super Launcher.

If you are not familiar with them, Blitz Trade is:
· A new paradigm for on-chain trading UX (perps & options)
· Built on top of Buffer Finance and GMX
· Optimized for everyone

We were also happy and proud to read the review made by @actionyy_, delivered along with a fun Optopi giveaway.

It was a chance to see how users who interacted with Buffer saw us.

We extend our heartfelt thanks to our friends for their positive feedback and a special shout-out to @actionyy_ for succinctly encapsulating all that we do at Buffer.

Community Space

Trader of the week

Without a doubt, it's been a bustling week in the market. However, one trader stood out from the rest! We're delighted to introduce our Trader of the Week:

• Trader profile: https://t.co/xIyO3arkZz

• Profit: 6485 $USDC

• Favorite assets: $ETH and $BTC

• Winrate: 60%

• Timeframe: 3-5 minutes Congratulations on your success!

The vibe of the Week

Our focus isn't on appeasing bots but on serving traders. When rolling out any new system, we ensure it's safeguarded against exploitation.

Our new dynamic payouts system embodies this principle. Your feedback is invaluable during this transition and will greatly assist us as we progress.

We appreciate your patience and contributions. Rest assured, every modification we implement is designed with your best interests at heart.

This brings us to the end of this week's Buffer Digest. We hope it provided valuable insights into the past week's protocol activities and that you found it both enlightening and engaging.

Stay tuned for the next Digest! Until next time!

About Buffer

Buffer Finance is a non-custodial exotic options trading platform that provides defined-outcome and fast-paced trading across both crypto and non-crypto markets, including forex, commodities, and indices.

Buffer simplifies the intricacies of options trading, allowing DeFi-native traders to trade multiple assets entirely on-chain without the added complexities of liquidation, funding rates, or scam-wicks.

More on the website: https://buffer.finance/