The Buffer protocol is a make-do Automated Market Maker (e.g., PancakeSwap), except that it is non-custodial on-chain peer-to-pool. However, the non-custodial property only stands for assets on Futures trading and not Spot trading. The buffer platform is a 100% decentralized options trading platform. In contrast to other options markets where a buyer and seller are involved, in Buffer, the seller takes the position through a liquidity pool.
A simplified and more efficient way to make options trading accessible to everyone in the project’s goal. The founder of Buffer Finance, Ric Feynman, holds a degree in engineering and has worked in the financial and data industries. Co-founder Heisenberg is a Solidity developer with experience building highly scalable apps and finance software. Having traded crypto and options for the past three years, both of them identified several gaps Buffer could fill.
Buffer Finance has a mainnet, which came about after its Testnet counted more than 1000 participants. The financial platform currently supports BNB, BTC and ETH.
The protocol involves three parties, and the procedure is as follows:
LPs contribute liquidity to the liquidity pool and get write buffer tokens ($rBFR) in exchange. The offered liquidity writes both calls and put options, with the premium paid by the option buyer (strike fee + option fee) dispersed as yield to $rBFR holders.
The BNB liquidity pool is live and moving to ETH, BTC, and a stable currency to facilitate different crypto and stocks options. The Buffer protocol team plans to launch a liquidity pool-based stablecoin.
Liquidity providers on the Buffer protocol are looking at APR returns of about 138% or more.
An option buyer can configure the strike price, expiration date, and option size after paying an option premium and a settlement charge to acquire a put or call option on any supported assets. This alternative can be carried out on-chain against the liquidity pool at any time before the expiry date.
$iBFR is the Buffer Protocol’s native token; $iBFR holders may buy and stake tokens to gain access to various utilities.
- Perpetual revenue share: by participation in our staking pool
- Liquidity mining incentives: become an LP on AMMs like and invest to receive $iBFR benefits. One can also add liquidity to the BNB pool for writing options, then mine $iBFR tokens by staking$rBFR
- Governance: Take part in the development of governance proposals.
- Discount on the prediction game ticket price: will be applied later
- Milestone-based burn and buybacks: the platform will disclose repurchases regularly to reduce token supply.