Beaver Weekly Report #4

Beaver Finance Weekly Report from January 18th to January 24th

With the metrics rising steadily, January has been a productive month so far. We have welcomed hundreds of new Beavers to the colony, and progress is keeping pace with the roadmap.

With this, we present the 4th edition of the Beaver Weekly report.

Backend

We have implemented a new update to the delta hedging algorithm, tuning it to use the optimal amount of hedging assets to protect the native LP token asset. The hedging algorithm added two functions — “COST” and “DELTA” to support dynamic parameter setting and optimized hedging costs variables.

Based on the recent backtesting results for the hedging algorithm, we realized that the execution path for hedging needed to be optimized, and the time function also needed some adjustment. Both of these observations have been implemented in the core functionality.

We have also created support to balance the dynamic yield distribution for both asserts in the LP token pair.

Beaver will soon adopt a closed-end asset management module to ensure the safety of users’ principal assets, as well further optimize yields. This is a crucial step for the upcoming $BVER events and the implementation of asset withdrawal in emergency mode.

More information on the same will be released shortly.

Audit

We’re pleased to inform the community that Beaver’s first smart contract audit by Armors Lab passed with amazingly optimal results, reinforcing the safety of user assets even further.

Community Events

• Launch of Beaver’s first-ever Closed Beta Test

The test results during the sharp BTC price depreciation so far have proven that Beaver’s hedging strategy performs with extreme efficiency when the market is turbulent and unpredictable.

• End of Twitter Airdrop event

The addresses for the airdrop event were concluded on January 18th, and the rewards will be airdropped after the Mainnet launch, which is fast approaching!

• New Medium Blog

Proving that Beavers who stake on PancakeSwap via Beaver Finance earned almost 11.4% more than users who staked directly on PancakeSwap

Haven’t read the case study yet? Read it👉 Here!

And that will be it for this weekly report — tons of exciting updates on the way. Stay tuned!