Bumper set to fire up its Liquidity Provision Program today

Bumper is a DeFi protocol that protects the price of your crypto from volatility. Think about it for a moment. You set the price to protect and your asset will never fall below its bottom, but if the market goes up, so will your asset. Bumper calls it ‘God-Mode for Crypto’.

Forget about a stop-loss, which simply trades you when the market crashes. Forget about options that are complex, clunky, and have fixed expiration windows. It is 50 years old technology. Bumper is the DeFi future of tomorrow, where liquidity makers are diametrically connected to protection takers.

Follow this childish explanation of how Bumper works …

You watch the price of your Bitcoin run up to $ 63,000 and you think the price will come back down. Thus, you protect the price of your Bitcoin at $ 60,000. This is because the price of your Bitcoin drops and when it crosses that $ 60,000 floor, you are traded for a stablecoin (USDC). Now you are no longer exposed to a further drop and can take advantage of it. However, if the price rises and pushes the bottom of $ 60,000 back, Bumper will trade you back into Bitcoin. You now benefit from any subsequent pump. It’s the best of both worlds. Simple and elegant. Except that this childish model does not work, because of what is called sliding. Every time you trade between USDC and Bitcoin you don’t get exactly the price you want and incur AMM fees and gas costs. At the heart of Bumper’s intellectual property is its near-zero slip engine.

Unsurprisingly, Bumper’s Flashpaper sparked feverish competition among VCs, vying for a BUMP token allocation, with $ 32 million down. Plus, where most crypto projects fail to deploy decent technology, this is where Bumper shines. Backed by Block8, which took a 10% stake in Bumper, they bring together an army of dedicated developers, solution architects and software engineers. It’s the development house that designed and delivered Havven, it’s the kind of powerhouse that gives Bumper the sleek DApp for LPs to file USDC.

“It will work natively on mobile, because at Bumper we want our users to be able to protect their assets on the go,” says CEO Jonathan DeCarteret.

Loan Player One

The price of bulletproof protection is a nominal premium, as low as 3% pa. Better yet, if the price rises from a user’s protected floor, the premium drops to negligible levels. The elegance of Bumper is that it works equally well for large institutional players as it does for retail investors, meaning that companies with fiduciary responsibilities to their shareholders can add crypto to their balance sheets, providing better inflation hedging than holding big cash. reserves, while using Bumper to protect against the market risks inherent in this capital allocation.

Rules of the game

Bumper is able to facilitate this revolutionary offering through an incredibly complex and complex DeFi protocol, made accessible even to the most tech-new to technology through an easy-to-use platform interface.

Basically, the Bumper protocol consists of two liquidity pools; one filled with crypto assets (initially Eth, but later extended to subsequent asset pools) of protection takers, and the other filled with USDC (which then expands to other stablecoins) of liquidity providers. Bumper maintains an internal ledger to keep an immutable record of the activities of each platform participant, and if a lessee’s assets fall below the floor they set and they decide to trade them. for stablecoin, he can exchange it for the exact price, without exception, which they set when they take out their protection policy.

It is a fundamental rule of the Bumper platform that as the number of people depositing into cash pools and using the platform increases, the efficiency and effectiveness of the protocol also increases. In order to promote and facilitate the growth of their stablecoin reserves and help kick-start their groundbreaking protocol, Bumper is launching a liquidity provision program this week, to deliver superior returns to their early supporters and liquidity providers.

Ready. Together. Bet …

Earlier this year, Bumper turned down more than $ 32 million in investments pledged by VCs, so they could open up this round of private sale funding to their community. The launch of their cash flow program marks the beginning of this and represents their commitment to reward and engage their community of funders and early adopters.

The launch also coincides fortuitously with the stage of the market cycle where many investors find themselves sitting on substantial sums of stablecoin, having benefited from the bull run. Investors lucky enough to be faced with a conundrum of where to park their profits need look no further than industry-leading Bumper APRs, which pose no risk of temporary loss. .

At noon UTC on July 14 Bumper opens its Liquidity provision program where early investors will be able to grow $ BUMP and gain special access to the private sale price starting at $ 0.60 (public sale $ 2.4).
The program will run for 12 weeks and users will be able to deposit at any time during this period into the Bumper dApp through their website. For every dollar deposited, LPs will earn BUMP tokens, and the earlier they enter, the more BUMP they will earn and the higher the return.

USDC’s first depositors in Bumper’s cash pool will be eligible to exchange up to 20% of their deposits for BUMP tokens, at the private sale price of $ 0.60, and will receive the best possible return of 315 % APR. Depositors who choose not to buy in the private sell round will receive a 100% + APR return on their USDC. Bumper Finance is donating over $ 22 million in BUMP tokens to its community, which has been made available for cultivation and purchase.
To learn more about Bumper Finance’s LP program and to deposit into their cash pool, visit https://www.bumper.fi/lpp

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