By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    Custom Coin Revolutionizes The Construction Industry
    Custom Coin Revolutionizes The Construction Industry
    2 years ago
    Mytvchain.com Record Growth For The First Blockchain Web Tv Platform Dedicated To Sports Clubs And Athletes.
    Mytvchain.com Record Growth For The First Blockchain Web Tv Platform Dedicated To Sports Clubs And Athletes.
    2 years ago
    Decentralized Peer to Peer Lending Platform - MyConstant Review
    Decentralized Peer to Peer Lending Platform – MyConstant Review
    3 years ago
    Latest News
    Solo Leveling Levels Up: Korean Billion-Dollar Megafranchise Goes Onchain with Story
    12 hours ago
    SimpleFX Relaunches First Deposit Bonus
    17 hours ago
    TokenFi and New to The Street Announce National Media Partnership to Reach 219M+ Households
    18 hours ago
    BTCC Exchange Announces Triple Global Workforce Expansion at TOKEN2049 Singapore to Power Web3 Evolution
    1 day ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    3 weeks ago
    Crypto Tax Rules In Russia – What You Should Know
    Crypto Tax Rules In Russia – What You Should Know
    1 month ago
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    1 month ago
    10 Next Big Meme Coin To Explode
    10 Next Big Meme Coin To Explode
    1 month ago
    9 Best AI-Powered Websites That Save You Hours of Work
    9 Best AI-Powered Websites That Save You Hours of Work
    2 months ago
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
    GAMBLE
    If You Looking For Casino Review . Than we Write Many Article About Casino Please Look This Page . We Update This Page On Daily…
    Show More
    Top News
    Palmslots.com Casino Review: € 1,000 Welcome Package
    Palmslots.com Casino Review: € 1,000 Welcome Package
    2 weeks ago
    Judibet918 Casino Review: Latest 2023 Review
    Judibet918 Casino Review: Latest 2023 Review
    2 years ago
    Spinarium Casino Review: Welcome Bonus Up to $2200 on the First 4 Deposits
    Spinarium Casino Review: Welcome Bonus Up to $2200 on the First 4 Deposits
    2 years ago
    Latest News
    Unlim Casino 2025 – Games, Bonuses & Crypto Payments
    4 weeks ago
    1win Casino Games – Exciting Slots, Crash Games & Bonuses
    4 weeks ago
    Pinco Casino Review: Games, Bonuses & Features
    4 weeks ago
    r7 Casino Review: Login, Sign Up, Bonuses & Promotions
    3 weeks ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Bumper’s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Bumper’s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023
Press Releases

Bumper’s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023

Chainwire
Last updated: 30/08/2025 5:40 PM
Chainwire
2 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Bumper’s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023
SHARE

London, United Kingdom, September 7th, 2023, Chainwire

Bumper, a decentralised finance (DeFi) protocol, today launched its crypto options killer. The equation that underpins the protocol, promises jaw-dropping improvements over traditional Black-Scholes option desks, undercutting the market leader Deribit, by an average of 30% and set to disrupt a $13 trillion market.

Bumper’s innovation is the culmination of a three-year research and development programme, backed by $20m in early funding, and collaboration with the Swiss Center for Cryptoeconomics, known for work on Synthetix, and coded by renowned developers Digital Mob, who previously worked on protocols such as Barnbridge, Gnosis and Filecoin.

The result is a protocol that undercuts traditional options desks by one-third, while paying between 3-18% APR to Liquidity Providers (LPs) that supply USDC to the protocol. Early adopters of the protocol will also share in $250,000 worth of incentives, by either protecting their ETH or earning on their USDC.

- Advertisement -

Bumper’s Co-founder and CEO, Jonathan DeCarteret, says “Bumper removes the downside volatility of a user’s crypto tokens, paving the way for them to take leveraged positions with zero-liquidation risk. That in itself is a major breakthrough, but when you consider it’s on average 30% cheaper than the market leader, the value proposition becomes crystal clear.”

The protocol charges a premium which is calculated incrementally during the term, based on a combination of market conditions, protocol rebalancing and proximity to the user’s floor. This generates real yields for liquidity providers who realise returns ranging between 3-18% APR on average without the need to sell option contracts.

Until now, the methodology for calculating the price for hedging risk relied on the fifty-year-old Black-Scholes model, which has fuelled the $13 trillion options market.

“Fifty years is a long time in tech and although Bumper uses completely different inputs and a novel rebalancing mechanism, it is surprisingly correlated with Black-Scholes, but more efficient, even under the most volatile of market conditions.” said Mr DeCarteret.

Bumper has been deployed to the Ethereum mainnet, and is currently accepting deposits in ETH and USDC, with additional ERC-20 tokens and multi-chain support slated to be added to the protocol in rapid succession.

For more information on Bumper, including their early user rewards and incentives for rival DeFi options protocol users visit bumper.fi.

About Bumper

- Advertisement -

Bumper is a DeFi risk market that provides protection from downside volatility of crypto assets. Users buying protection set a price at which they wish to protect their crypto should the price fall, but they don’t lose out if the market heads upwards. Conversely, other users earn a yield by providing stablecoin liquidity to the protocol.

For more information, visit Bumper’s website, follow Bumper’s Twitter, and join the Bumper Discord.

Contact

CMO
Jason Suttie
Bumper
marketing@bumper.fi

- Advertisement -
Solo Leveling Levels Up: Korean Billion-Dollar Megafranchise Goes Onchain with Story
SimpleFX Relaunches First Deposit Bonus
TokenFi and New to The Street Announce National Media Partnership to Reach 219M+ Households
BTCC Exchange Announces Triple Global Workforce Expansion at TOKEN2049 Singapore to Power Web3 Evolution
1inch rebrands to reflect broader mission uniting DeFi and global finance
TAGGED:DeFiPress Release
Share This Article
Facebook Email Print
Previous Article How To Docusign Login: Step By Step Guide 2023 Updated How To Docusign Login: Step By Step Guide 2023 Updated
Next Article Bravado Review: How To Use & Free Guide Bravado Ai Review: How To Use & Free Guide
How To Buy Hey Anon: Step-by-Step Guide for Beginners
How To Buy Hey Anon: Step-by-Step Guide for Beginners
Guide & Crypto Education
9 Best Prop Firms in Sri Lanka – Top Funded Trading Opportunities
9 Best Prop Firms in Sri Lanka – Top Funded Trading Opportunities
Prop Firm
10 Best Crypto Exchanges For Grid Trading
10 Best Crypto Exchanges for Grid Trading In 2025
Best Centralized Exchange List 2025
The Sandbox CEO Robby Yung Unveils Vision with New AI, Web3, and Mobile Initiatives
Press Releases

Latest Published

Nodepay launches Crypto’s largest Prediction Intelligence platform

2 days ago

Solstice Finance Officially Launches USX, A Solana-Native Stablecoin With $160M Deposited TVL

2 days ago

BYDFi Highlights ‘BUIDL’ Ethos During Newcastle United Match Against Arsenal

2 days ago

Eightco Holdings Inc. (ORBS) Announces 16.9 Million Verified World Humans, Adding 1.9 Million Since Launching Worldcoin Treasury Just 3 Weeks Ago

3 days ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?