Bumper

After a 3 year period of intensive Research and Development, Bumper is now live on the Ethereum mainnet.<h3 id="strong-a-new-era-in-defi-risk-management-strong">A New Era in DeFi Risk Management</h3>The DeFi landscape is ever-evolving, and today marks a significant milestone as Bumper is launched.Bumper is not just another DeFi protocol; it’s a revolution in risk management that offers two compelling features: protection against downside volatility for crypto holders and lucrative yield opportunities for USDC stablecoin depositors.<h3 id="strong-protect-your-crypto-from-price-drops-strong">Protect Your Crypto From Price Drops</h3>Market volatility can be a significant concern for crypto holders.Bumper alleviates this worry by allowing users to lock their tokens into the protocol and set a floor price.This floor price acts as a safety net, ensuring that no matter how much the market fluctuates, your investment won’t fall below the predetermined value. Compared to traditional options desks like Deribit, Bumper offers a simple, non-custodial and cheaper on-average alternative that protects the value of your actual tokens from market price drops.Useful Links for users looking to protect their tokens:<ul><li>An in-depth<a href="https://www.bumper.fi/post/an-analysis-of-bumper-protection-for-crypto-assets" rel="noopener noreferrer nofollow"> analysis of Bumper’s premiums</a></li><li>A step-by-step<a href="https://docs.bumper.org/learn/guides/how-to-open-a-protection-policy" rel="noopener noreferrer nofollow"> guide to protecting your tokens</a></li></ul>‍<h3 id="strong-real-yields-for-stablecoin-depositors-strong">Real Yields for Stablecoin Depositors</h3>On the flip side, if you’re looking to earn a yield on your assets, Bumper has you covered. By depositing USDC stablecoins into the protocol and earning a return which is derived from the premiums paid by protection buyers.Bumper’s multi-year agent-based model simulations showed that even during the 2022 bear market, stablecoin depositors were earning, on average, yields ranging between 3–18% per annum.‍Useful links for users looking to earn a yield:<ul><li><a href="https://www.bumper.fi/post/an-analysis-of-bumper-yield-potential" rel="noopener noreferrer nofollow">An in-depth analysis of Bumper’s yield earning potential</a></li><li><a href="https://docs.bumper.org/learn/guides/how-to-open-an-earn-position" rel="noopener noreferrer nofollow">A step-by-step guide to earning yield</a></li></ul><h3 id="strong-incentives-and-zero-fees-strong">Incentives and Zero Fees</h3>To celebrate its mainnet launch, Bumper is rolling out a slew of incentives for early adopters.<a href="https://www.bumper.fi/post/incentives-for-early-users-in-the-bumper-protocol" rel="noopener noreferrer nofollow">Early adopters</a> will share in up to $250,000 in enhanced rewards for opening either a protection or an earn position. The weighting of these rewards favours larger, longer and earlier positions.<a href="https://www.bumper.fi/bumper-versus-options" rel="noopener noreferrer nofollow">Existing crypto options traders</a> can apply for a bonus reward of up to 200,000 BUMP on top of any other incentives. To qualify, users must have opened a position on one of the following platforms in the last year: Deribit, Opyn, Lyra, Hegic, Ribbon, and Premia.And if that’s not enticing enough, Bumper is waiving all protocol fees for the first month. Yes, you read that right — zero fees for an entire month!<h3 id="strong-bump-tokens-the-key-to-the-bumper-protocol-strong">BUMP tokens — The key to the Bumper protocol</h3>All users who wish to open a position on Bumper, whether it be to protect their crypto or earn a yield on their stablecoins, require BUMP tokens to bond into the protocol. Bonds are returned when the position is closed, rather than being spent, which creates a constant supply and demand cycle for the native token.BUMP is also the governance token of the protocol, allowing users to participate in decision-making in Bumper’s DAO.You can buy BUMP tokens on Uniswap and Bitmart.<h3 id="strong-bumper-launch-parameters-strong">Bumper Launch Parameters</h3>Bumper has now been deployed to the Ethereum blockchain, and currently only accepts ETH for protection positions, and USDC for earning positions. Future versions will add more features, including multi-token and cross-chain support. <a href="https://bumper.fi/" rel="noopener noreferrer nofollow">Learn more about Bumper</a><a href="https://app.bumper.fi/" rel="noopener noreferrer nofollow">Use Bumper</a><a href="https://discord.gg/YyzRws4Ujd" rel="noopener noreferrer nofollow">Join the Community</a> <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/fb68aa2bba774d34b203cc377d44666d.jpeg" />

Bumper is Live: A New Innovation in Crypto Risk Management Launches

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Bumper

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