Cover photo

Buffer Digest

  • 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

###GeneralUpdates

Firstofall, we have set up a swap system integrated directly into our platform, no need to look elsewhere. This is possible thanks to our partner OpenOcean who allows us to have this very convenient feature.

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

Hereisone of the problems we face, bad price feeds and Oracle failures.

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!

Pyth Oracle Integration

Wechosethis solution for the reasons we mentioned above. This news means that the charts will be more accurate and we reduce the risk of potential pricing errors.

But this news comes with many others. Now that we have integrated Pyth :

  • POL Pool that we introduced has been launched

  • Base payout is 70% on all pairs

  • Minimum timeframe reduced to 3 minutes

  • Forex pairs are back

  • Minimum trade size is 5 USDC

Changes are to be expected, on the way to perfection.

Blitz partnership

Thisisthe case of Blitz Trade with whom we have associated, Blitz Trade is REDACTED. You'll find out later…

If you want to preview their product you can if you are an Optopi, check here.###ARBdistributionOh,bythe way, that reminds me, we wanted to inform you that we are switching to a monthly system as of today to avoid gas fees costs.

Additional News

https://twitter.com/Buffer_Finance/status/1646095336279089152?https://twitter.com/archipelabro/status/1588350326196686848?s=20https://twitter.com/Buffer_Finance/status/1643063031436279810?s=20https://twitter.com/OpenOceanGlobal/status/1643538971044249600?s=20https://twitter.com/TemaYurich/status/1644318155085316096?s=20https://twitter.com/TemaYurich/status/1644318155085316096?s=20https://twitter.com/0xgrindzee/status/1647696686364385281?s=20