Buffer Digest #14
May 5th, 2023

Welcome to the 14th edition of the Buffer Digest, our weekly newsletter where we provide updates on product development and verified statistics on protocol and community growth. This week, we have some exciting news to share with you.

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

  • Ecosystem news, including a partnership with GND Protocol and updates on the Buffer Loyalty Program

  • The incident report finalized, and a milestone was reached in total fees collected

  • New pairs added, and changes to pool limits

  • Community Call #2

  • Additional news

Let's dive into the details!

Quote of the week:

We're excited to announce that we're adding pairs with bolstered resilience to enhance our platform's overall performance.

Platform statistics:

We've included key stats since the last Buffer Digest for both Arbitrum and Polygon.

Ecosystem news:

We're partnering with GND Protocol for the official launch of GND Farm, which will provide exclusive liquidity incentivization for $BFR Liquidity Pairs.

The Buffer Action Plan is still in place. As we continue to monitor all activity on the platform and pool health very closely, circuit breakers remain in place along with the lower limits on OI & trade size.

Additionally, we've launched the Buffer Loyalty Program to foster enhanced user adoption, platform growth, and increased trading volume. 

The program introduces the LBFR (loyalty buffer) token for trade mining and exciting upcoming utilities, such as minting and trading NFT and a liquidity pool. You can read more about the program's tiered-based reward system here:

Incident report finalized:

We've finalized our incident report and compensation structure for LPs affected by the drawdown on April 4th. We've published the full list of affected wallets and compensation for aBLP/uBLP, and funds will be distributed via airdrop.

Milestone reached:

We've reached an important milestone in terms of fees collected since Jan. 30th: $500,000! Our next milestone is $1 million.

New pairs added and changes to pool limits:

We've added binary options for $ARB, $BNB, $MATIC, and $OP, and made changes to the trade limits, max open interest, and pool limits.

Buffer now offers binary options for:

  • $ARB

  • $BNB

  • $MATIC

  • $OP

Additional changes:

Higher trade limits - the new maximum trade size is 1000 $USDC or 1000 $ARB for all pools

Max Open Interest:

  • POL: 2000 $USDC

  • uBLP: 5000 $USDC

  • aBLP: 3000 $ARB

New pool limits:

  • uBLP Cap: 10 Mil. $USDC

  • aBLP Cap: 10 Mil. $ARB

Community Call #2:

We hosted our second community call on April 27th, where we discussed recent problems and exploits and covered the lessons learned from these episodes. We also talked about the healthy uptrend we are following now and how volumes have been adding up. If you missed it, you can listen to the call here: https://twitter.com/Buffer_Finance/status/1651632579685285890

Additional news:

We've included links to some additional news and updates from Buffer Finance and our partners.

Thank you for reading this week's Buffer Digest. We hope you found the information useful and informative. Stay tuned for more updates next week!

Previous Buffer Digest editions

You can still access all of the Buffer weekly newsletters if you want to track every step of our development.

Buffer Weekly Update #8 March 3rd, 2023: 

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