Introduction Of Bumper
What is BUMPER?
Bumper is an innovative DeFi protocol designed to make risk management in crypto markets more efficient and fair. It provides a set of mechanisms and functions which allow users to protect the value of cryptocurrencies (such as Ether (ETH), wrapped Bitcoin (wBTC), and others) by holding deposits of a price-volatile token for a fixed period of time.
What you can do with BUMPER?
- Earning Yield with Bumper by providing liquidity using stablecoin and get paid by protection takers
- Simplifying Crypto Hedging by set a floor price and a term length, and activate their protection. If price dump you get stablecoin equal to value of floor, if pump you can reclaim your assets back.
- Since Bumper is a DeFi protocol and also decentralise, you don’t need to worry about the system because Bumper using smart contract to control in blockchain.
- For new by simply use BUMPER to protect their value in wallet while learning more about the crypto-sphere. For seasoned crypto user not only protect, also earning yield from it.
- Stop-Loss but better, Bumper allows you to protect your crypto investments against market dips. Providing protection from downside swings in price, but unlike a stop loss allows you to enjoy upside gains without the need to keep your tokens on a centralised exchange.
$BUMP TOKEN
BUMP is the native token of the Bumper ecosystem, acting as both as a utility and governance token.
- Utility to open either a protection or an earning position which required to hold unstaked BUMP tokens in your wallet.
- Governance BUMP holders are able to participate in the Bumper DAO by staking their tokens into the protocol. In return, stakers receive vBUMP, which represents their voting power, on a 1:1 basis and may be withdrawn at anytime.
For now, you can buy BUMP token only in DEX (Ethereum)
Uniswap V2: https://app.uniswap.org/#/swap?outputCurrency=0x785c34312dfa6b74f6f1829f79ade39042222168
Uniswap V3: https://app.uniswap.org/#/swap?outputCurrency=0x785c34312dfa6b74f6f1829f79ade39042222168
Wen CEX? 17 August 2023 on Bitmart with BUMP/USDT pairing.
Don’t forget to follow their social media below.
Official Website: https://www.bumper.fi/
Discord: https://discord.gg/YyzRws4Ujd
Twitter: https://twitter.com/bumperfinance
Zealy: https://zealy.io/c/bumper