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Quote of the week
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Platform Statistics
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Ecosystem News
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$ARB Trade, Earn, LP
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Weekly contest #4
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Milestones review
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Sperax partnership
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Additional News
Welcome to the eleventh edition of the weekly newsletter. Each week, we will provide updates on product development along with verified statistics on protocol and community growth.
Let’s get started!
Quote of the week is …
An eventful week for Arbitrum & for Buffer!
Platform Statistics
Ecosystem News
$ARB Trade, Earn, LP
As you may know Arbitrum has decided to launch its own governance token, it has also been decided that an allocation will be made to the major protocols of the ecosystem and we are delighted to announce that we are eligible for an amount of 257450 ARB which will be transferred to our treasury.
We will soon be able to reveal our strategy and the way we will use these precious tokens.
But the most important thing we have to tell you is the implementation of several uses around $ARB. Firstly, we have decided to add ARB as an input and payout token on your trades. We have also set up an ARB vault currently allowing you to generate a 30.53% APR, the APR will vary with each one’s deposit & withdrawals, 70% of the fees generated from ARB trading will then be distributed among LPs.
The rewards are given to you in aBLP (an escrowed BLP derivative) which you can then vest.). Hurry up and place your tokens because the vault has a maximum capacity of 1,000,000.00 ARB and is 31.87% full.
Weekly contest #4
Quick recap of the fourth weekly competition, here are the results:
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215k Volume
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199 Participants
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3654 Trades
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2379 USDC Prize Pool
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475.99 USDC prize distributed to top winner and loser by PNL
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ARB tournament competitions soon ?
Once again, we thank you for joining us for these competitions in increasing numbers, and we are even more excited to see that the individual awards are also growing. Keep up the good work.
We’ve also decided to update some of the grading procedures you can read about right here.
The fourth competition has already started and we recommend you to participate, who knows maybe you will be the big winner of this week (or the next)!
Milestones Review
It was a big week for us! Many big steps were taken.
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2 Million Total Volume
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250k USDC Fees
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1000 Total Traders
What's next on the agenda?
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1 Minute Options
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1-Click-Trading
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ARB/USD Pair
In any case a big thank you to you, without all this support that you bring us nothing would be possible.
Sperax partnership
We have partnered with SperaxUSD to enhance our liquidity on Arbitrum.
The main thing about this fabulous collaboration is that Sperax has set up BFR/USDs Farm & Gauge, available right here.
And don't worry if you're not familiar with all this you can find out what Sperax is and what the words Gauges & Bribes mean by visiting this thread.