Bond Boost is officially live! You can now bond your BUMP tokens when you take out a position and enjoy 50% APR on your bonded tokens.
Bond Boost is a new feature that allows you to bond your BUMP tokens when opening a position in Bumper. By bonding you can cover, or significantly reduce, your premium costs by earning BUMP tokens over the duration of your position.
Boosted Hedging: Cover your premium costs, for free positions
Boosted Earning: Greater yield with added BUMP tokens.
When you open a new position in Bumper, you’ll see the option to bond your BUMP tokens. You can bond anywhere from 2.5% to 250% of your position's dollar value, with a bond cap of $10,000 worth of BUMP tokens. If you want to bond more than you have available, you can easily purchase them via Uniswap directly within the dApp.
Once bonded your bonded tokens will return you a 50% APR for the duration of your position.
Bonding your BUMP tokens can offset your premium costs, making some Hedge positions effectively free and give you a higher yield on your Earn position.
Don’t miss out on maximising your BUMP benefits. Bond Boost is available for a limited time, paving the way for future mandatory BUMP bonding and increased token utility. Dive in now and enjoy the extra oomph that Bond Boost brings to your BUMP portfolio.
Take advantage of Bond Boost today and amplify your BUMP potential!
Disclaimer:
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Bumper has just unveiled the strategic plan designed to drive further value into the BUMP utility token, maximizing its utility and cementing its importance within the protocol.
We're rolling out Bond Boost, a new initiative that's set to add a little extra oomph to your BUMP pocket. We break down what Bond Boost is all about and how it can benefit you.
