Since the launch of the protocol at the start of September, we’ve been refining and enhancing the platform, rolling out bug-fixes and some new features.
In this blog post, we'll outline the recent technical updates and share what's coming next as we continue in our mission to make Bumper the go-to protocol for crypto risk management.
The following updates have already been applied to the Bumper dApp:
Confirm - Sign Loop
We identified an issue where users, particularly those providing liquidity, were getting stuck on the confirmation details page and the transaction signing page, with entry forms becoming unresponsive.
We've also made sure that external links now open in new tabs rather than the current tab, which causes some annoyance for users who are already part-way through a policy flow.
A few users reported difficulties in reaching our support team. We've promptly addressed this, and now the support button on the console directs you to the appropriate process.
To better understand and resolve the issues you may encounter, we've integrated Sentry, a platform that allows us to monitor the health of our dApp internally.
The following fixes are current in final stage testing or queued ready to be released:
Multi-Tab Form Issue
We've resolved an issue where entry forms became unresponsive if opened in multiple tabs (for example, if a user opens an Earn details form in one tab and Protect details form in another).
This issue was caused due to the state of the form being stored in the local storage of the browser and not being invalidated for different flows. Our developers have ensured that the forms now work in isolation.
Transaction History Page
We're introducing a history page that will allow you to track all your interactions with the Bumper Protocol, providing a comprehensive view of your transactions.
Wallet Connect Support
The current version of the Bumper dApp only supports Metamask. We're now adding Wallet Connect support to cater to a broader user base.
The following are features we're working on which extend Bumper’s functionality:
Close and Claim Flows for Protection Takers
We've integrated new flows that allow you to close or claim your position when your term ends, depending on whether the price of ETH is above or below your chosen floor price.
Withdraw Flows for Yield Seekers
For those seeking yields, we've added a feature that allows you to withdraw your funds and accrued yields once your term is over.
Both protection takers and yield seekers will now have the option to renew their positions without exiting the protocol, thus saving on BOND costs and earning more BUMP incentives.
Taker and makers renew flows are slightly different, as Takers can update the term and/or floor of their position, a feature which is not available for Makers.
The Bumper dApp was developed to be a desktop first app, we have observed that a large portion of the users have been visiting from mobile devices, and as a result we are now working on improving the user interface for mobile users.
Tools are being developed for internal use to monitor the protocol's performance and provide insights and useful metrics.
There are a number of features which we’re planning to roll out in the near future once the current high priority fixes and releases have completed. These include:
We're working on a feature that will allow you to set reminders for expiring positions.
Some users have reported that Metamask is showing high estimated gas costs when approving transactions. We are currently investigating this anomaly.
Integrating an on-chain push notifications service is in the pipeline to deliver timely alerts.
For the enthusiasts among you, we're looking at developing a version with deeper metrics.
We're working on improvements to the user experience within the dApp, and looking at actual user journeys to see if there are different ways to enhance the protect and earn flows.
We are now internally discussing a number of technical strategies, including Layer-2 migration, integrating additional markets (including Staked ETH), and a raft of other features including fixed and/or estimated premia, higher protection floors and shorter terms.
All of these elements need to be thoroughly researched and tested, including in Bumper’s simulation environment, before we can release a roadmap or expected dates for deployment.We believe that Bumper has the potential to transform the DeFi industry, and the preference is for steady and informed users who understand the benefits of engaging with the protocol at the time which is right for them.
Ultimately, Bumper is committed to offering a cheaper, more efficient, and simpler risk market with the power to be a transformative force in the industry paving the way to DeFi 3.0.
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