Bumper is a DeFi price protection protocol built on Ethereum, created by INDX and Block8, the company that designed and delivered Haven (which independently evolved into Synthetix). Bumper protects the price of crypto assets (ETH at launch) by providing a decentralised software facility for ‘Takers’ of protection to operate diametrically to ‘Makers’ of liquidity. Protected positions incur a floating daily premium, nominally 3% p.a, that is used to incentivise stablecoin depositors into a risk-free liquidity Reserve.
Bumper protects the value of your crypto using an innovative DeFi protocol. Set the price you want to protect at and if the market crashes, your asset will never fall below that price. Importantly, if the market pumps, your asset rises too.
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The live Bumper price today is $0.439854 USD with a 24-hour trading volume of $870,452 USD. They update BUMP to USD price in real-time. Bumper is up 0.69% in the last 24 hours. The current CoinMarketCap ranking is #3255, with a live market cap of not available. The circulating supply is not available and a max. supply of 250,000,000 BUMP coins.
Using Bumper is a bit like a God-Mode cheat code for your crypto assets.
The first ability, and probably the most powerful, is Crypto Invulnerability. Protect your crypto with Bumper and the price won’t drop below the price you set, even if the market crashes. But unlike a Stop Loss if the market pumps, your asset rises too!
Then there’s Crypto Power-up. By depositing your assets you get exposed to the impressive earning potential of being a DeFi Liquidity Provider (LP). Bumper LPs earn a yield from the platform, making money from the premiums paid by users taking out protection. Earning loads of money is like powering-up, right?
Both Protecting and Earning reward you with the native token $BUMP.
Protect your crypto price from market drops.
Bumper protects the value of your crypto using a radically innovative DeFi protocol. Set the price you want to protect and if the market crashes, your asset will never fall below that price. Importantly, if the market pumps, your asset rises too.
Earn a regular yield by staking
Earning through Bumper is as simple as lending your coins to the platform and getting paid for it. Lending to DeFi protocols is known as being a Liquidity Provider, or LP for short. As a Bumper LP you are filling the liquidity pool with tokens to counter-balance the protectors.
The upside of being an LP is of course that you get paid, like you would depositing money in a savings account, but the returns are much better. You will get paid a share of the protection fees and also Bump Tokens.
Read the Blackpaper for full details on the Tokenomics
- 250m total supply
- Circulating Supply (estimated) at IDO: 48.3m (19.31%)
- Circulating Market Cap (estimated) at IDO: $72m
- Fully Diluted Valuation at IDO(estimated): $375m (full dilution estimated 2025)
- VCs & Team on 18 month vesting
- Token Emission:
– 3.5% for Private and Pre-Sale
– 1.5% for Farming (any remainder added to Pre-Sale)
– 3.0% Public Sale
Bumper opened a private sale round in March 2021 and was heavily oversubscribed by VCs, closing $10m from Alphabit, Autonomy, Beachhead, Chainlayer and others. $32m investment requests were declined.
Bumper tools include:
DApp to allow protection Takers to select their protected floor and associated premium DApp to allow protection Makers to receive a yield for being liquidity provider Protocol to balance ratios between Takers and Makers Protocol issuing representative bETH to Takers Protocol issuing representative bUSDC to Makers
How Many Bumper tokens are in circulation?
Total Circulation is 250m Bumper protocol launched its Liquidity Provision mainnet on July 14th 2021 Circulating Supply at IDO 48.18m (19.20%) Circulating Market Cap at IDO: $115.2m (MktCap / TVL < 0.77) Fully Diluted Valuation at IDO: $600m fully diluted estimated 2025 due to daily distribution Bumpernomics: LP & Private/ PreSale/ Public Sale – 8% Institutional Investors – 22% Team & Founders – 25% Protocol Usate – 35% Governance & Early Supporters – 10%.