

Big Shot

Raise Network:

Ethereum Mainnet
Distribution Network:

Ethereum Mainnet
Target Raise:

250k USDC
Summary
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.
#bumper #protectyourcrypto
Bumper solves the problem of the lack of Crypto asset downside protection which doesn't sacrifice potential rebounds or upsides. It protects you from market drops but lets you benefit from rises.
There are a few alternatives which give downside protection, such as Stop Losses, but with these you lose the upside potential. Bumper is the first protocol to cover both.
Overview
BUMPER is a DeFi price protection protocol built on Ethereum, created by INDX and Block8, who previously designed Synthetix (Formerly Havven) Story. 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 liquidity Reserve.
The BUMPER protocol is a pure, decentralised market for on-chain asset price risk, which is transferred from a stablecoin Reserve through to cascading redundancy modules. At any point in time the Reserve has a measurable aggregate liability representing all positions. Should the liability exceed parameterized safety levels, the protocol rebalances, firstly by utilising first order dynamics, such as Premium / Yield curves / BUMP distributions and then by opening up to arbitrage and, if necessary, DEXs. A separate prudential capital reserve acts to backstop any realized deficit.
Conclusively, these redundancy measures make BUMPER a highly productive tool to achieve efficient risk transfer via liability pooling, resulting in secure crypto asset price protection.