Ever found yourself riding the crypto wave, only to watch your profits vanish in a market dump? We've all been there. But what if you could lock in those highs without missing out on potential gains? Enter Bumper, the game-changing DeFi protocol that lets you do just that.
Consider the scenario: Bitcoin is surging to a new yearly high. While this ascent is a cause for celebration, it is also a moment of caution. Markets, especially the volatile crypto markets can revert at any time leading to your gains going
In some ways, it’s a little easier in the current climate, where we have historical data which gives us some indication of levels of support and resistance on the chart, compared with when we’re at new all time highs. But still, we don’t know whether the price of an asset will pump through or bounce off the next resistance level.
The question is, can the value of crypto assets be secured without relinquishing the potential for further appreciation?
The answer is yes - via Bumper, a DeFi protocol which allows users to set a minimum floor - a minimum value below which your crypto shall not fall.
The kicker, however, is if after the drop the upward trajectory continues, your assets remain unhindered, free to accumulate additional value. Unlike a stop loss where you’ll be left behind watching the price of your once-held assets rise. If you find your Bitcoin value languishing below what your predetermined floor at the end of the term, you get to take stablecoins at your protected value. You’re now free to run back to the safety of stables or accumulate more Bitcoin at a lower price.
The elegance of Bumper lies in its simplicity. It is a protocol that can be utilised by both the novice and the expert, requiring no specialised knowledge in financial derivatives or complex trading strategies. One merely selects the amount of the asset to be protected, defines the floor price, and chooses a term length. The protocol's smart contracts autonomously execute the rest.
Currently Bumper has protection for wstETH and wBTC available, with other assets coming soon.
For those intrigued by this mechanism, check out Bumper's comprehensive guide on use-cases and strategies. It serves as a primer to engage effectively with this innovative protocol.
Bumper offers a solution to a problem as old as trading itself — the preservation of gains amidst market uncertainty. No more tears now!
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.
Even seasoned investors sometimes find it challenging to maximise their holdings amid market volatility. This past month, Bitcoin’s price movements have exemplified this unpredictability, ranging from $50,000 to $66,000. This has tested the strategies of many traders, emphasising the need for a more reliable approach to managing crypto value.
Reflexivity Research, co-founded by Anthony Pompliano and Will Clemente, has lauded Bumper as a transformative force in the DeFi sector in their latest report. Their deep dive into Bumper’s capabilities underscores why this innovative platform is gaining traction among crypto traders and yield-seekers alike.
