How to stake?
BFR stakers receive 40% protocol generated revenue in USDC, esBFR rewards, and multiplier points.
If this is your first time on https://buffer.finance/ before you start placing up/down trades, follow the 'How to connect' guide that will help you with connecting to the dApp, and preparing your wallet with sufficient ETH/MATIC for gas among other pre-requisites.
To get started go to the 'BFR vault' and click on 'Stake'
BFR Token contract address: 0x1A5B0aaF478bf1FDA7b934c76E7692D722982a6D
Once you have $BFR tokens in your wallet, click on the 'Stake' button present at the bottom of the vault card.
Once you click on Stake, a pop-up will appear for entering the amount of BFR to be staked. Enter the amount, click on the 'Stake' button, and confirm the transaction.
Note: if this is your first time providing liquidity on Buffer, you will have to approve the smart contract to use your Buffer tokens before entering the amount and confirming the stake. To do that, click on the 'Approve' button in the pop-up window.
The page will be automatically updated with the amount of your staked position, and a few seconds later, you will see the rewards start accumulating.
Where does APR come from?
BFR Staking reward APR is denominated as esBFR APR + USDC APR. Staked BFR rewards APR is sourced from the binary options trading fees generated in a week. The APRs are updated weekly every Wednesday and will depend on the trading fees collected for the said week.
Compounding your rewards will stake your pending Multiplier Points and Escrowed BFR rewards, this will increase the amount of rewards you receive. Click on 'Compound' on the 'Total Rewards' card. A pop-up will appear, here right tick the rewards that you want to compound, and click 'Compound' once more.
Under the 'Total Rewards' card lick on 'Claim'
A window will appear, select the rewards you want to claim. To claim your BFR staking rewards - click on 'Claim BFR Rewards.' Confirm the transaction.
Note: BFR staking rewards can be claimed at any time.
Navigate to the BFR vault section and select 'Unstake.'
A pop-up will appear. Here input the number of vault shares you want to unstake and click on 'Unstake' and confirm the transaction in your wallet.