BFR is the platform's utility and governance token, holding the token unlocks a variety of benefits.
- Ticker: BFR
- Maximum total supply: 100M BFR
- Deflationary: fees burn, supply hard cap 50M
- Token contract address: 0x1A5B0aaF478bf1FDA7b934c76E7692D722982a6D
Buy BFR on Uniswap (Arbitrum)
BFR can be staked using the Earn page. Staked BFR receives four types of rewards:
- Escrowed BFR (esBFR)
- Multiplier Points (MPs)
- 25% protocol generated revenue in USDC
- 15% protocol generated revenue in ARB
After staking BFR you will receive a Staked BFR token.
- Staked BFR Token Address: 0x173817F33f1C09bCb0df436c2f327B9504d6e067
Note that the balance for this token will return your total staked amount including any esBFR tokens and Multiplier Points.
BFR Token Supply
The supply of BFR can be viewed on the Dashboard. The increase in circulating supply will vary depending on the number of tokens that get vested. All mints have been done and the supply is officially capped at 50 Million BFR Minting beyond this max supply must be voted on and approved by BFR governance before it would be permitted.
Buy Back and burn
See BIP-02 for details on buyback and burn. We see the ultimate pathway to a community win is through a revenue-based "buy and burn" strategy. There are two key levers we control:
- Expand Demand
- Reduce Supply
These levers behave differently when a product is early and there is a small number of users vs. when the product is mature and a large number of users exist.
~28 million in circulation
- 20 million BFR reserved to be distributed as esBFR. Out of 20 million:
- 3 million is reserved for later migrators
- 2 million is reserved for OTC sales to raise working capital & POL
- The remaining 15 million esBFR are being emitted at 100,000 esBFR/month to the BFR staking pool. Any changes to the emissions can be done after voting
10 million for DEX liquidity will be used for active market making on Uniswap v3 and liquidity mining rewards.
- All fees earned while making the market will be re-invested in it.
10 million community & team compensation
- To be released at 200,000 BFR emission)
- Includes team and community member compensation and all previous vesting schedules
25 million of the supply was locked under a 6-month cliff - post-cliff period
- On June 5th, 20M BFR tokens were burned as per community consensus received for BIP-02