Crypto options have always been a powerful tool for traders, but they’re built on an old concept which hasn’t really been updated in the DeFi age.
Bumper takes hedging risk to the next level. We introduce a fresh perspective on options, blending traditional concepts with innovative mechanisms unique to the DeFi space.Introducing Bumper: an autonomous, permissionless and decentralised platform that allows users to trade risk easily. It’s a system designed for the future of crypto, giving participants access to simple strategies never before seen.You just choose a floor price (like a strike) and a term (a future expiry date) and then commit your ETH tokens to the protocol. If it expires above the floor, recover your ETH, otherwise you exit with stablecoins at the value of the strike price.
What makes it different? It protects your actual crypto tokens, it’s cheaper on average by up to 30%, and it’s unbelievably simple to use and protects your actual tokens!
It’s not an option, but then technically, neither are any of the other crypto options platforms.
Bumper is, however, a superior, simpler and cheaper way to hedge risk.
Explore Bumper
We’re reshaping the very fabric of the whole hedging market for crypto users. Dive into our platform and become familiar with Bumper. Because risk management is #NotAnOption
Be an early adopter and share in up to $250,000 worth of BUMP incentives by protecting your crypto or earning yield with Bumper.
To celebrate the launch of the protocol, we want to make it easy for those smart individuals who like to get in early to use Bumper.
Bumper has been fully audited, and the team behind the protocol are self-doxxed. The protocol has been in development for 3 years, and was backed by over $20M in early stage funding from private and public sales which included top VC investors.
Bumper’s first priority is an unwavering commitment to providing a safe, transparent, and innovative platform for crypto enthusiasts. Experience the future of crypto risk management with confidence and peace of mind.
Smart Contracts
We have engaged with some of the best teams in the world to work with us to create the most secure and robust smart contracts, and we’re meticulous about ensuring the resilience of our contracts. Our smart contracts have also been audited at various stages by leading smart contract auditors such as WatchPug, Blockhunters, Chainsulting and Sigma Prime to perform rigorous security reviews on Bumper’s smart contracts to ensure the safety of users funds whilst using the protocol.
Codebase Security
Bumper's commitment to security extends beyond smart contracts. We implement comprehensive full-stack security measures that encompass every aspect of our platform.
Security of Funds
Economic security is paramount in the decentralised finance space, and Bumper is no exception.
Bumper is designed to thrive in all market conditions, including bear markets and 'Black Swan' events. Our extensive multi-year simulations span many months and use historical price data supplied by trusted third parties. These simulations show that Bumper maintains total solvency, and excels in challenging market scenarios, without ever facing any threat of insolvency. Furthermore, we continue to run simulations to understand the market in real time.
Furthermore, Bumper is secured by it’s requirement for bonding BUMP to use the protocol, which acts as a major deterrence against would-be attackers.
No. Bumper is a DeFi protocol. There is no sign-up required. Just connect your Web3 wallet and you can use Bumper.
Bumper’s premiums are charged dynamically based on the volatility in the market whilst your term is open. Whilst this may seem strange, it means that premiums aren’t based on historical price action which isn’t an accurate reflection of whether a contract represents good value.
Bumper’s dynamic system for pricing is, on average, much cheaper than buying a like-for-like put on an options desk, such as Deribit.
Premiums are deducted from the deposited crypto tokens which are being protected by users.
There are no premiums charged for those depositing stablecoins.
Protocol fees may be charged, and are shown prior to committing your tokens.
Currently, Bumper allows users to protect ETH only, and liquidity providers can earn a yield by depositing USDC.
There is no limit to the range of tokens which Bumper can be expanded to support in the future.
Of course! Check out our explainer video to find out more about the protocol.
