Bumper is a decentralised risk market that allows users to trade crypto risk. Whether you're looking to profit from market unpredictability or seeking stability from possible price drops, Bumper offers a unique platform to buy and sell risk that’s on average 30% more price efficient than options desks.
Sell risk to eliminate losses from downside volatility without getting stopped out, and if the market retraces, you keep the gains.
Buy risk and earn constant yields on your stablecoins without the need to sell contracts or maintain a margin.
Take a look at Bumper
Try the Bumper dApp now and trade risk in a completely different way to any other protocol in the world. Choose Protect to sell and Earn if you wish to buy.
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.
