Buffer Digest

April 17th, 2023

Quote of the week
Platform Statistics
Ecosystem News
- General Updates
- Action Plan
- Pyth Oracle Integration
- Blitz Partnership
- ARB distribution
Additional News

Welcome to the thirteenth 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 …

We love a challenge

Platform Statistics

Next, the statistics dashboard has been updated to show ARB token information. Everything is available here.Wehavealsotaken the decision to reduce some of the payouts, notably those of BTC and ETH, both from 70% to 60% base rate. This decision is based on the desire to ensure a prosperous future for BLP by not abusing the rewards provided.

V3 is fast approaching, we will present you the upcoming elements very soon.

Action Plan

With a product like ours it is very important to have the most powerful Oracle available, with Chainlink's low-latency solution being still under development we are currently using Pyth.

The second problem we encountered was the misuse of small trades, especially with some trading bots using low capital scalping strategies.

We first decided to raise the minimum amount required to make a trade to 25 USDC, to finally realize that it handicapped our traders preferring to take small positions.

To combine LP risk reduction and accessibility we have decided to set up 2 tier pool systems. To put it simply, this will allow us to test our changes on a restricted trading environment so that we don't affect everyone with our decisions (which are sometimes not the right ones). We evaluate our new products, we test, and we validate.

Buffer is our little baby and we are going to take it very far, we guarantee it!