For the last year, our Epochs have been generating yield for early supporters via our pooled yield farming programme.
Now, as we proceed through the next stages of development, we’ll shortly be closing down obsolete programmes to enable the restructuring of Bumper’s smart contracts and codebase in preparation for our mainnet launch, and this includes the closure of our Epoch's. This will include the withdrawal of Bumper’s treasury funds as well, and will result in a drop in reported TVL on DeFi tracker websites.
Users with funds remaining deposited in the Bumper Epochs program are encouraged to withdraw their USDC tokens from the Epoch’s module.
Please note, this closure does not affect those users who are staking BUMP tokens in the Bumper protocol.
There will continue to be opportunities to earn yield via Bumper, including depositing stablecoins into the Earning module, which will be released closer to mainnet launch.
Of course, BUMP token holders can support the project whilst earning a return by staking tokens.
Staker's earn a proportional share of the daily distribution on either fixed or flexible terms, with increasing multipliers up to 6x for longer-term (90-day) fixed staking, and this facility is available now!
Demand for the token is expected to increase once the protocol mainnet is launched, as users will be required to hold and bond BUMP in order to open positions. Thus, BUMP holders who stake tokens will passively increase their position by supporting the project and depositing BUMP into the staking module.
Over the last year, more than 23M USDC was deposited into Bumper’s Epochs, with an average deposit size of 18,420 USDC.
717,000 USDC in total yield, comprising of BUMP and USDC tokens has been distributed to depositors.
All in all, not a bad return for those who participated.
If you need assistance with withdrawing your funds from the Bumper Epoch program then please email our support team.
Any information provided on this website/publication is for general information purposes only, and does not constitute investment advice, financial advice, trading advice, recommendations, or any form of solicitation. No reliance can be placed on any information, content, or material stated on this website/publication. Accordingly, you must verify all information independently before utilising the Bumper protocol, and all decisions based on any information are your sole responsibility, and we shall have no liability for such decisions. Conduct your own due diligence and consult your financial advisor before making any investment decisions. Visit our website for full terms and conditions.
We're thrilled to share a groundbreaking announcement with our dedicated Bumper community! The countdown has begun, and on Friday, December 15th, Bumper will make its highly anticipated debut on Arbitrum. This milestone is not just a step forward; it's a leap into a new era of decentralised trading.