Bumper has been designed as a simpler, more cost-efficient and accessible risk market, available to everyone without the need to provide personal details or undergo KYC.
Bumper's is not only more cost-effective than options for buyers, but it also generates better yields on average than selling puts on competitor options desks.
Early users will earn massive BUMP bonuses, with the first effectively covering the cost of premiums.
With Bumper, you simply choose a price floor (similar to a strike price) for your crypto assets and a protection term (like an expiry date). If the market crashes, your asset's value will never fall below this floor. However, if the market surges, your asset's value rises with it.
Bumper’s unique crypto price protection is on average around 10pp cheaper than buying a put on a crypto options platform.
Whereas most crypto options platforms require users to navigate complex contracts and often demand significant capital upfront. Bumper, on the other hand, offers a streamlined solution that eliminates these barriers.
No more Greeks, delta hedging or complicated premium calculations to work through, just a simple interface that eliminates all the guesswork and which minimises risk and maximises profit.
Comparison of annualised premiums on Bumper versus Black Scholes market premium. Consider also that options platforms charge a fee above Black Scholes.
Bumper provides a sustainable way for liquidity providers to earn yield by depositing stablecoins and assuming some of the risk from buyers of protection.
With highly attractive real yields, and additional token incentives, Bumper on average generates enhanced returns compared to options desks.Bumper delivers enhanced yields even during bear markets. Using real historic data during the 2022 bear market, and found that that Bumper would have delivered a significantly higher yield for put sellers compared to options desks.
Showing annualised Bumper annualised yields during the 2022 bear market.
Annualised average yields using Bumper by selected term length. The main box area shows the Standard Deviation yield earning potential.
If, in the 12 months prior to 23 August 2023, you've opened a put or call option on Hegic, Opyn, Premia, Lyra, Ribbon or Deribit and you're amongst the first to use Bumper we’ll reward you with a share of 200,000 BUMP tokens.
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