Welcome to a new edition of the Buffer Digest, our weekly protocol briefing. We're thrilled to provide a recap of our achievements from the past week and exciting announcements.
Also, we'll share our future strategies for expanding the project and fostering community growth.
TL;DR
-
Numbers: Key Stats of the Week, Platform Updates, Airdrops, and Fees Burn;
-
Platform Updates: BLP Health;
-
V2.5 Feature Highlights: The Infinity Gauntlet…of On-Chain Options Trading, Upcoming Trading Pairs, The Rollup V2.5 Demo;
-
Market Commentary: BTC Dips by 9% in 4 Minutes, ETH ETF Futures.
Key Stats of the Week:
Platform Updates:
Updated APRs:
Fee Burn:
1515 $BFR burned
Platform Updates
🔋BLP Health
Buffer has implemented several safeguards to ensure LPs aren't overly exposed on one side, allowing them to consistently earn from protocol fees.
A recent risk management strategy - the "Adaptive or Dynamic Pricing," - implemented to bring balance to the open interest of each trading asset supported by aBLP and uBLP, seems to be performing exceptionally well.
v2.5 Highlights
The Rollup Demo
v2.5 is designed to take your trading to the next level, which surpasses the boundaries beyond any of the current on-chain offerings.
This demo with our friends at The Rollup is a good illustration of the upcoming trading experience on v2.5.
Our testnet is live for you to test it out. Here’s how you can access it:
Website:
Password: BuffellowsGo!
The Infinity Gauntlet of On-Chain Trading
New Trading Pairs:
Buffer v2.5 lays the groundwork for the paths we will explore in the upcoming months - opening doors in our pursuit of more integrations, more adoption, and more versatility.
It's not a matter of if. It's a matter of when.
So, turn your notification on 🔔
In addition to these major protocol developments, trading volumes have remained consistent and new traders are joining the community regularly.
Market Commentary
The market took a hit recently. Most of the L1/L2 assets dropped by around 12.1% on average, with the middle value being about 11.3%. At the same time, big stock markets like the S&P 500 and NASDAQ went down by roughly 2.0% and 2.27% over the last week.
On the bright side, there's talk that the SEC might give the green light to Ethereum ETF futures. But it's not all good news.
Both Bitcoin and Ethereum dropped by about 10% due to concerns like China's economy and rising bond yields.
These issues even caused over $1 billion in crypto to be sold off in just one day.
We hope you’ve enjoyed reading this weekly newsletter. If you want more information (or just want to say, Hi!), we hope you’ll visit us in our community Discord and Telegram channels!