LP Program FAQs

DEPOSIT USDC • FARM BUMP • BUY BUMP

Is there a minimum USDC amount required for the LP on July 14th?

There is no minimum or maximum you need to deposit.

Is there any chance of a temporary loss with USDC deposits?

No, you do not deposit pairs, so no chance of Impermanent Loss.

What is the indicative price for $BUMP?

The first LP will be offered a price starting at $0.60 and will scale up as deposits increase. You can see the current price within the dApp.

What options do I have in terms of my wallet?

MetaMask only at this stage. You can, however, use a Ledger with Metamask, for added security, so please go here for further instructions.

Will the protocol support interaction with Trezor and Ledger devices as of July 14th?

YES, through MetaMask

Can USDC funds be retrieved prior to 14th October?

No. October 14 is the unlock date for all USDC deposits. This will be optional and as a Liquidity Provider, you will be able to continue to support the protocol by keeping your USDC deposited or trading it for Bump tokens.

What are the benefits of early-stage LPs on your platform?

Early LPs benefit from the best price to buy BUMP, since the price goes up as more people deposit. 

There is also a limited supply of tokens available for this LP Program, so if we sell out then you won't have the opportunity to buy BUMP when you deposit.

Are the stated APRs guaranteed by the project, or are they an estimate that will change over time?

The token price is linked to the TVL, so as the TVL increases so does the price. That's great for people who get in early and buy low, and incentivizes people to not leave it too late. This is, therefore, an estimate based on a pre-determined TVL. This may also be higher if that TVL is breached.

How is the APR calculated?

The displayed APR is calculated based on the maximum price of $2.40, which would be achieved if the total deposits reached $150m, and in relation to the period of time left in the LP Program. Your final token purchase price, and hence your APR, will be determined when the transaction is confirmed on the blockchain. If the total deposits do not reach $150m then the token price at Public Sale will not reach $2.40, and, therefore, this will affect the APR figure previously estimated.

If the total deposits increase at a slower rate than the rate of time until the end of the LP Program, then you might even see the APR go much higher! This is a nice little bit of Game Theory built into the LP Program design.

Is it possible to use other stablecoins such as USDT, DAI, or BUSD?

For the Liquidity Provision Program, it's only USDC. As we're going to market with protection of ETH and LP deposits of USDC, the expansion to other stable coins and other unstable assets will occur in future releases.

What is the entire amount of BUMP tokens available?

250m fixed supply (subject to community permissions minting should future Gov deem necessary).

When will I receive my BUMP tokens?

Earned and bought BUMP tokens will be received at the point of liquidity deposit but will be locked until the time of the IDO. At this point they will be tradeable.

Is the USDC LP programme a single asset staking programme, requiring only USDC, or is it a liquidity token, necessitating the purchase of BUMP and then pairing it with USDC?

Single asset staking, just USDC.

Which network is Bumper on?

Ethereum ERC-20

Will the funds continue to be invested in the LP program after October 14?

After October 14th USDC deposits will continue to earn rewards and not be subject to impermanent loss.

Has the smart contract been Audited?

Yes. You can read the complete audit report here.

Will we receive an APR on our USDC in addition to farming Bump tokens beginning July 14th?

No, APR is based on the BUMP tokens you yield or buy.

Where can I see the smart contract code?

You can find the repository here: https://github.com/Bumper-Fi/

As an LP am I guaranteed an allocation of BUMP tokens?

There is a limited supply of tokens available for this LP Program, so if we sell out then you won't have the opportunity to buy BUMP when you deposit.

Where do we make our deposit and buy BUMP Tokens?

You’ll be able to make your deposit directly in the Bumper dApp which you can access from the 'Deposit Now' buttons or 'Launch App' button at the top of our website.

There are full step-by-step details here.

When will users be able to convert 20% of their available liquidity into BUMP?

You will only have the opportunity to convert your USDC and buy BUMP at the point of deposit. If you miss this opportunity to buy you will need to make another deposit, or wait until Pre-Sale.

How is the BUMP price linked to the TVL curve?

BUMP price is correlated to TVL. As TVL increases, BUMP price increases. The price you pay will be confirmed when your deposit is written to the blockchain.

At times it looks like the stated APR is increasing, why is this?

During the LPP the potential APR displayed may increase because the time period used to calculate the APR is decreasing faster than the TVL is increasing.

However those who make a deposit today will earn fewer tokens on their USDC deposit and pay a higher price to buy the BUMP token than those who entered the program earlier. So, effectively, your ROI will reduce as the TVL grows, meaning those who got in early will have a better ROI in the end.

During the LP Deposit Process

My BUMP tokens aren't showing and my TXID indicates only one MetaMask Approval has been completed and not the Transfer.

Sorry to say but it appears you have not actually completed the process. The TransactionID only shows the Approval to trade USDC with the smart contract. Another MetaMask pop-up would have eventually appeared to confirm the actual transfer.

We have found it is sometimes taking a bit longer and this is as a result of the network conditions at the time and, more often than not, a gas price that is not high enough to get approved by the miners in a faster time.

To determine your issue, follow these steps:

- Look up your address on etherscan.io.
- If there are pending transactions, go into your MetaMask and cancel them.
- Look at your address on etherscan.io and check that they have all been cancelled.
- Go back to the Bumper dApp and try again but this time set a GWEI price in the advanced section of your MetaMask that is slightly above the fastest GWEI rate on the following site:

https://ethgasstation.info/

How do I add my BUMP token to MetaMask?

To add the BUMP token to your Metamask wallet or to other web3 wallets manually, please find below the instructions to do so.
To add the BUMP token to MetaMask:
1. Open MetaMask on your browser and select your ETH address that is associated with your BUMP tokens.
2. Go to the widget here: https://bit.ly/3yZFDrw
3. Click on “Add to MetaMask”.
4. In the MetaMask Notification, click “Add Token”.
5. You can now view BUMP tokens in MetaMask.

To add the BUMP token manually to MetaMask or any other wallet app, below are the details you require:
Token Contract Address: 0x785c34312dfA6B74F6f1829f79ADe39042222168
Token Symbol: BUMP
Decimals of Precision: 18

How do I add my bUSDC token to MetaMask?

To add the bUSDC token to your MetaMask wallet or to other web3 wallets manually, please find below the instructions to do so.
To add the BUMP token to MetaMask:
1. Open MetaMask on your browser and select your ETH address that is associated with your bUSDC tokens.
2. Go to the widget here: https://bit.ly/3kjbr6L
3. Click on “Add to MetaMask”.
4. In the MetaMask notification, click “Add Token”.
5. You can now view bUSDC tokens in MetaMask.

To add the bUSDC token manually to MetaMask or any other wallet app, below are the details you require:
Token Contract Address: 0xf64f8958d2D44EAbae7517d013284c385A4CC2A3
Token Symbol: bUSDC
Decimals of Precision:6

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