Buffer Finance or BFR is a non-custodial, exotic options trading platform. It is designed to trade short-term price volatility and hedge the risk of high leverage. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (BFR/USDT – Trade it here) on our Assessment Zone, check it out now!
After talking to Buffer Finance’s developers, we are ready to provide you with an in-depth article about Buffer Finance.
What Exactly is Buffer Finance?
Buffer Finance is an innovative platform designed for non-custodial, exotic options trading. It enables traders to capitalize on short-term price volatility while managing the risks of high leverage. Currently, traders can leverage Buffer Finance for various purposes. This includes trading price action, scalping, and hedging high-leveraged positions. While the current protocol is Arbitrum native, the team is actively working on expanding to other blockchains, with Polygon being the first venue in partnership with Metavault. Since its mainnet launch on January 30th, Buffer Finance has generated a total of $100,000 USD in fees in just one month, as of February 22nd. What are you waiting for? Check out Buffer Finance now!
Why Buffer Finance?
The Buffer core team consists of individuals who are passionate about decentralization and sustainable business models, leveraging their knowledge and expertise from traditional finance to the dynamic world of DeFi. As experienced traditional finance traders, they scoured the DeFi landscape for alternatives to centralized brokers but found none that met their high standards. Therefore, they made the decision to build their own platform.
The team firmly believes that as more traders become aware of the benefits of decentralized options trading, they will abandon centralized brokers in favor of DeFi alternatives. This will lead to further protocol improvements in terms of trading experience and product offerings from Buffer, allowing them to achieve new milestones.
What are the Key Features of Buffer Finance?
Up/Down Trading Options
Buffer Finance currently offers up/down options trading for cryptocurrencies, forex, and commodities. This presents a streamlined approach to trading where the complexity of the process is condensed into a simple question – whether the price of the underlying asset will increase or decrease in a given timeframe. Traders can choose from 5-minute, 15-minute, 1-hour, and 4-hour timeframes. Furthermore, shorter timeframes like 1-minute trading are currently in development in response to community demand.
To initiate a trade on Buffer Finance, traders can follow these steps:
- Select the desired market they want to trade.
- Choose the trading pair.
- Set the trade duration
- Determine the trade size in USDC
- Select the trading direction.
Choosing the “Up” direction predicts an increase in the asset’s price. Meanwhile, choosing “Down” predicts a decrease. If the prediction is correct, traders will receive their initial amount plus a payout percentage. In the event that the prediction is incorrect, the invested amount allocated for the trade will be lost.
Traders may opt for options trading on Buffer for several reasons, one being that it provides a predetermined payout even in the case of minimal price fluctuations, and eliminates the risk of liquidation that comes with perpetual trading. The risk and reward are already predetermined on the platform.
After entering the trade amount, traders can view their payout percentage, which is 70% for crypto pairs and commodities, and 80% for forex pairs. With the use of Optopi NFTs, the base payout can be further increased by up to +12%.
Optopi NFT
In addition to serving as adorable profile pictures, credit is due to the designers of Optopi NFTs, who were also responsible for GMX’s blueberry NFT art. However, beyond their appealing aesthetics, Optopi NFTs function as utility NFTs for traders on the platform.
Optopi NFTs are categorized into four tiers: Silver, Gold, Platinum, and Diamond, with Diamond being the highest tier and Silver the lowest. The tier of Optopi NFT a trader holds determines the fee reduction they receive, resulting in a payout boost.
Upon placing a trade, the contract will verify if the trader possesses an Optopi NFT and determine its tier to apply the payout boost to the trade. The best part? You do not need to do anything. Everything is automated. For instance, a forex trader who holds a Diamond NFT and executes a 5-minute trade on Buffer would receive a 92% payout, resulting in an instant profit.
Optopi NFTs offers more than just a payout boost. They also provide direct access to upcoming trading leagues, tournaments, and daily competitions, as well as entry to the Buffer Prime Club, an exclusive community where professional traders, market makers, and technical analysts share valuable market insights, updates, and technical analysis. This information can be invaluable to traders, giving Buffer Prime Club members a competitive advantage. Moreover, the NFTs offer access to trader rebates for a limited period.
Where to buy BFR Token
You can find BFR Token here at MEXC! We are listing BFR/USDT in our Assessment Zone!
What is the Price of BFR Tokens?
BFR token is currently trading at $0.4194 per unit. It has a fully diluted market cap of $41,943,965. It also has a 24-hour trading volume of $1,219,262. You can check the live price of their token right here!
How to buy BFR Tokens
You can buy BFR Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “BFR” using the search bar to see the available trading pairs. Take BFR/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of BFR you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy BFR] to confirm your order. You will find the purchased BFR in your Spot Wallet.
You can find a detailed guide on how to buy BFR Tokens here.
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