Buffer Finance
iBFR
#7896
News about Buffer Finance
24 Apr 2023, 23:51
@everyone
Both uBLP and aBLP compensation is done - check your wallets 🙌
Tx uBLP (USDC compensation):
Tx aBLP (ARB compensation):
@everyone. Both uBLP and aBLP compensation is done - check your wallets. Tx uBLP (USDC compensation):.@everyone
Both uBLP and aBLP compensation is done - check your wallets 🙌
Tx uBLP (USDC compensation): https://arbiscan.io/tx/0x6a4cc59e0c8ef789c8cb8a19f7275194b627eda872c0bd4f4dead7fa2851a464
Tx aBLP (ARB compensation): https://arbiscan.io/tx/0xd5881300a7f5e1bce94ec4aa97fb0e7d5322b37a1becab35983a63030989062c
24 Apr 2023, 19:05
https://fxtwitter.com/Buffer_Finance/status/1650576445817643022
23 Apr 2023, 22:43
Apparently KuCoin twitter has been hacked and posted a fake giveaway - don't click anything 🙏
Apparently KuCoin twitter has been hacked and posted a fake giveaway - don't click anything.Apparently KuCoin twitter has been hacked and posted a fake giveaway - don't click anything 🙏
21 Apr 2023, 06:34
https://twitter.com/Buffer_Finance/status/1649297635457527812
20 Apr 2023, 18:06
@everyone
Here’s the compensation list for both uBLP and aBLP 👇
Tab 1 is for uBLP and Tab 2 for aBLP
Please find your wallet address, the transfers would be done in the coming week.
Also here’s the complete incident report and our analysis of the situation.
@everyone. Here's the compensation list for both uBLP and aBLP. Tab 1 is for uBLP and Tab 2 for aBLP.@everyone
Here’s the compensation list for both uBLP and aBLP 👇
https://docs.google.com/spreadsheets/d/1H9-2-QWhJKPzkKNqPHGCirI8gXjiEPm4OZ6HkdFxm-U/edit?usp=sharing
Tab 1 is for uBLP and Tab 2 for aBLP
Please find your wallet address, the transfers would be done in the coming week.
Also here’s the complete incident report and our analysis of the situation.
https://mirror.xyz/0xc730FbdFEb3e9dF76008A19962963cA4A2bd8de2/LvqJ3gTymnMCgUJkC1suwZFRDJRhkgBkami01x5PXOs
19 Apr 2023, 14:34
https://fxtwitter.com/Buffer_Finance/status/1648694725610700802
19 Apr 2023, 09:41
https://fxtwitter.com/Buffer_Finance/status/1648622544428097537
17 Apr 2023, 23:08
https://fxtwitter.com/Buffer_Finance/status/1648101090645123072
13 Apr 2023, 14:25
https://fxtwitter.com/Buffer_Finance/status/1646519714951344130
12 Apr 2023, 10:18
https://fxtwitter.com/Buffer_Finance/status/1646095336279089152
09 Apr 2023, 18:30
@everyone , apologies for the delayed response, and thanks for keeping patience.
We have been looking into all our price feeds and how the trades were executed which caused the BLP pool of both USDC and ARB to fall suddenly by 2% to 4% respectively. Based on the community discussion we have decided to take the following things.
1. Change minimum trade time frame to 15 mins (Implemented in contracts will take some time to reflect on frontend) - This seems to be not an issue but we decided to do it because everyone is concerned about it.
2. Minimum trade size is changed to 25 (USDC/ARB) and max OI of the pool across all pairs is kept at 1000 (USDC/ARB)
3. Auto cut-off Trading if BLP (Both USDC or ARB) losses more than 5000 to traders from the current balance
Regarding data and 1 min trading - 100% of the data is open and available to be analyzed most of it accessible through the dashboard and stats page. We will also release data for real-time tracking of all trades and the Dune analytics dashboard (subject to availability of Dev's time) - We are open if anyone wants to work on them independently.
BLP compensation - we will be airdropping USDC and ARB to BLP holders who have faced losses due to the trading activity that seems to be price manipulation. Would advise any LP who doesn't want to take the risk to withdraw funds. We have always compensated for the loss caused due to any technical errors and would continue to do so.
Way forward - Our longer goal is always to shift to 3rd party price oracles like Pyth and chainlink low latency solutions. But during the time we launched they were not fully developed and to get to market we decided to run our Oracles which seemingly worked most times but faced issues during low volume/holiday days.
We have also accelerated our V3 development and have also worked out an interim solution to transition from the current phase to V3 without halting trading or putting LPs at unreasonable risk. Details of the plan will be announced soon.
About short-term trading Would like to re-iterate that 1 min of trading doesn't seem to be a problem but if that's what everyone wants we have decided to stop it for now.
We have high conviction that the next wave of adoption for blockchain will come through simplified and gamified products and we will continue building towards that vision.
@everyone , apologies for the delayed response, and thanks for keeping patience.@everyone , apologies for the delayed response, and thanks for keeping patience.
We have been looking into all our price feeds and how the trades were executed which caused the BLP pool of both USDC and ARB to fall suddenly by 2% to 4% respectively. Based on the community discussion we have decided to take the following things.
1. Change minimum trade time frame to 15 mins (Implemented in contracts will take some time to reflect on frontend) - This seems to be not an issue but we decided to do it because everyone is concerned about it.
2. Minimum trade size is changed to 25 (USDC/ARB) and max OI of the pool across all pairs is kept at 1000 (USDC/ARB)
3. Auto cut-off Trading if BLP (Both USDC or ARB) losses more than 5000 to traders from the current balance
Regarding data and 1 min trading - 100% of the data is open and available to be analyzed most of it accessible through the dashboard and stats page. We will also release data for real-time tracking of all trades and the Dune analytics dashboard (subject to availability of Dev's time) - We are open if anyone wants to work on them independently.
BLP compensation - we will be airdropping USDC and ARB to BLP holders who have faced losses due to the trading activity that seems to be price manipulation. Would advise any LP who doesn't want to take the risk to withdraw funds. We have always compensated for the loss caused due to any technical errors and would continue to do so.
Way forward - Our longer goal is always to shift to 3rd party price oracles like Pyth and chainlink low latency solutions. But during the time we launched they were not fully developed and to get to market we decided to run our Oracles which seemingly worked most times but faced issues during low volume/holiday days.
We have also accelerated our V3 development and have also worked out an interim solution to transition from the current phase to V3 without halting trading or putting LPs at unreasonable risk. Details of the plan will be announced soon.
About short-term trading Would like to re-iterate that 1 min of trading doesn't seem to be a problem but if that's what everyone wants we have decided to stop it for now.
We have high conviction that the next wave of adoption for blockchain will come through simplified and gamified products and we will continue building towards that vision.
09 Apr 2023, 06:00
https://twitter.com/TheBlock__/status/1644929622956466176?s=19
06 Apr 2023, 18:44
https://fxtwitter.com/Buffer_Finance/status/1644048224288665608
06 Apr 2023, 11:35
https://fxtwitter.com/Buffer_Finance/status/1643939960628584449
04 Apr 2023, 13:00
https://fxtwitter.com/Buffer_Finance/status/1643236863623286786
04 Apr 2023, 01:29
https://fxtwitter.com/Buffer_Finance/status/1643063031436279810
02 Apr 2023, 20:58
https://fxtwitter.com/Buffer_Finance/status/1642632622940602370
30 Mar 2023, 10:59
https://twitter.com/Buffer_Finance/status/1641394485442519040
29 Mar 2023, 20:06
https://fxtwitter.com/Buffer_Finance/status/1641169412878213122
29 Mar 2023, 13:35
https://fxtwitter.com/Buffer_Finance/status/1641071325346254850
29 Mar 2023, 11:50
https://fxtwitter.com/Buffer_Finance/status/1641044945610915842
28 Mar 2023, 15:00
https://fxtwitter.com/Buffer_Finance/status/1640730403861327873
27 Mar 2023, 10:33
https://fxtwitter.com/Buffer_Finance/status/1640300799782731777
27 Mar 2023, 00:57
https://fxtwitter.com/Buffer_Finance/status/1640155693041831938
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