We’re excited to announce the Buffer Loyalty Program, a trader incentive strategy to foster enhanced user adoption, platform growth, and increased trading volume.
The loyalty program will be live starting April 25th, 2023.
In this article, we describe the LBFR (loyalty buffer) token and its utility, as how traders can interact with the loyalty program and stake their LBFR tokens for BFR rewards.
In conjunction with Buffer’s real yield flywheel that aligns incentives with long-term liquidity providers, the LBFR token will play an important role in stimulating trading and platform activity.
Meaning, trading volume (1 LBFR is always 1$ of the trading volume) on USDC, ARB, or other supported assets (in the future), can be used to generate & claim LBFR rewards.
Traders can claim and stake their LBFR on the “profile” page to receive BFR rewards, distributed at a fixed emission rate.
We’ve teased about the endless possibilities of the LBFR and the loyalty program in the socials already, but dropping a few more details in this article:
For every trade placed on Buffer Finance, traders will receive LBFR tokens once the positions are closed. LBFR is not influenced by the outcome of the trade, only the trade volume.