BUMPER is a DeFi price protection protocol that protects the value of crypto assets.
BUMPER is a DeFi price protection protocol built on Ethereum.
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 risk-free 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 arbitrageur bots and if necessary DEX’s. A separate risk pool, attracting a higher yield tranche, acts to backstop any realized losses caused by sharp volatility. Conclusively, these redundancy measures make BUMPER a highly productive tool to achieve efficient risk transfer pricing via liability pooling.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Oct 12, 2021 | Series Unknown | $20K | 1 | — | — | Detail |
Apr 28, 2021 | Initial Coin Offering | $10M | 4 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Metaconomy Capital | — | Series Unknown |
Alphabit Fund | — | Initial Coin Offering |
Autonomy Capital | — | Initial Coin Offering |
Beachhead Venture Capital | — | Initial Coin Offering |
Chainlayer | — | Initial Coin Offering |