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Home All Events - Ape O'Clock Bumper Finance Mainnet Launch

Date

Sep 07 2023
Expired!

TimeUTC

12:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Sep 07 2023
  • Time: 8:00 am

Status

Active

Bumper Finance Mainnet Launch

Launch of Bumper Finance crypto price protection protocol.

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
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