Bumper Finance Mainnet Launch

DETAILS

• Mechanics & Features
  • Bumper offers users the ability to protect the price of their crypto assets against downside volatility, by purchasing premiums
  • Users choose their price protection floor and protection term length – if the market dips below the floor, when the term expires you receive stablecoins to the value of your chosen floor
  • Users can also earn yields up to 3-18% APR on USDC deposits, from premiums paid by protection takers 
  • To open a protection position, users need to hold an amount of $BUMP tokens in the same wallet as the crypto to be protected
  • $BUMP is the native token (currently listed on UniSwap and Bitmart)
  • $BUMP utilities include;
    • Hold to open a protection position and/or to earn yield on USDC deposits
    • Participation in protocol governance (vote-escrowed mechanism)
    • Liquidity mining (BUMP-USDC LP) to earn $BUMP rewards
  • No protocol fees for the first month after launch
  • Early users (protection takers) will be eligible to receive a share of $250,000 worth of BUMP token rewards