Buffer Digest #15

May 18th, 2023

Welcome to the 15th edition of the Buffer Digest, our weekly newsletter that brings you the latest updates on product development and verified statistics on protocol and community growth.

Here's a quick summary of what you'll find in this week's newsletter:

Quote of the week
Platform statistics for Arbitrum and Polygon
Buffer Improvement Proposal 02
Ecosystem news, including partnership with 888ALIEN and binary options with Metavault and Airdrop #3
Buffer on Token Terminal
Buffer Revenue Model changes
Twitter check mark
Additional news

Let's dive into the details!

Quote of the week:

Sustainability plays a crucial role in achieving long-term growth, thus necessitating adjustments to the yield share model.

Platform statistics:

Buffer Improvement Proposal

We have published BIP-02, which outlines implementing a deflationary mechanism for the $BFR token. This mechanism includes supply reduction, burn protocol initiation, and a hard supply cap.

Here are the items covered in the proposal:

$BFR Community Allocation Unlock
Proposal to burn 30M $BFR
Implementing $BFR based Trading and partial Fee Burn
Target Max Supply of 50M

These are measures that we have extensively discussed within the community for a significant period of time. After thorough consideration, we firmly believe it is appropriate to include them in a formal proposal.

Note: BIP-02 has yet to reach the voting stage, but it will be shortly.

The full context of the BIP-02 is available here:

Ecosystem news:

New Partnership

This week we had awesome partnership-related announcements.

First we established a partnership with 888ALIEN.

This collaboration will be groundbreaking as we strive to leverage both communities' unique strengths and advantages. Our BLP vaults will serve as the cornerstone of 888ALIEN's forthcoming GameFi Hub, 'Alienzone,' while our Optopi NFTs will be integrated into their evolving ecosystem.

Secondly, we are thrilled to have an outstanding partnership with Metavault. With our collaboration, Metavault is the first protocol to offer binary options on Polygon.

If you’re new to Binary Options, here’s a solid thread by Metavault:

https://twitter.com/Buffer_Finance/status/1658490455536078848

Airdrop #3

Airdrop #3 to $BFR stakers is done

$ARB distributed: 4086
Eligible Stakers: 2314
$ARB in Treasury: 4094

We would also like to remind you that we have transitioned to a monthly schedule for the $ARB airdrop.

New Tracking

Buffer Finance is now tracked on Token Terminal.

Moving forward, you can refer to Token Terminal for all the Buffer-related statistics you may require, such as TVL, DAU, Fees, Treasury, P/F ratio, and more.

Token Terminal aggregates financial & alternative data on blockchains & dApps.

So you can now explore, compare & track here:

Changes to the Buffer Revenue Model

We firmly believe that sustainability is a crucial factor for long-term growth. Keeping that in mind, we are adjusting the yield share model to ensure that LPs and $BFR stakers earn an attractive and sustainable yield.

Here's a summary of the changes: