TL;DR
The BUMP token is now ready to make waves on the Arbitrum network. If you're a token holder, or you want to join the club, here's the lowdown on what this expansion means for you.
Starting off with a significant announcement, with the launch of the Bumper protocol on Arbitrum, there’ll be no need to bond BUMP tokens right away for protection or earning positions. This is a temporary measure to reduce friction and help drive early adoption on Arbitrum, so stay in touch for further updates!
Good news if you’re more at home with Ethereum – BUMP tokens will still be hanging out on Ethereum and remain tradeable via Bitmart and Uniswap. On Arbitrum, Uniswap is where the party will happen, with a BUMP/USDT pool already set up. We're still in talks about hitting up some centralised exchanges.
The expansion to Arbitrum won't mess with the total supply of BUMP tokens. This also means no confusing Airdrop drama. We're all about transparency in this strategic move.
At the heart of it all – DAO governance and staking – is sticking around on Ethereum. Keeping things stable and familiar as we venture into this exciting new chapter.
How to bridge your BUMP tokens
If you’d like to bridge your existing BUMP tokens to take advantage of the benefits of Arbitrum, you can do so by following the instructions below.
You'll need ETH, the native currency of the Ethereum, to be able to bridge your assets to Arbitrum One.
Go to the Arbitrum Bridge website.
Bridging Fees
As covered in the article below there are some fees applicable for bridging. There’s a one-off gas fee for registering your wallet, then each transaction requires gas.
For more detailed instructions please see:
https://docs.arbitrum.io/getting-started-users
Links and Addresses:
Stay tuned for further updates as the Bumper protocol continues to evolve on the Arbitrum network.
Disclaimer:
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.
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.
Bumper’s Bond Boost is officially live! You can now bond your BUMP tokens to your positions and enjoy 50% APR on your bonded tokens.
