Sitrep #027

KEY TAKEAWAYS

1. Bumper Simulation update

2. New Bumper talent

3. Epoch closure

Standby for Sitrep #027

Bumper Numbers

Circulating Supply: 37,945,062.9495 (15.17%)
BUMP price: $0.01944956
Price Changes: 24h: -12.4% 7d: -11.1% 14d: -10.1% 30d: -38.3%
Fully Diluted Market Cap: $4,862,390
Circulating Market Cap: $738,014.78

As at December 1, 2022

Simulation Update

The majority of the work being undertaken by the engineering team has been focused on the protocol’s economic simulation.

Working alongside our partners CadLabs, we’ve been able to construct and optimise Agent-based Modelling to stress test Bumper in various scenarios such as the impact of market price, volatility and protocol liquidity.

As of the time of writing, over 52% of all identified tasks have been completed, with a further 4.8% in review and over 16% currently in progress.

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At this stage, our expected outcomes for the present sprint are to produce the following:

• A feasibility check, with a confidence level of 70–80%
• A framework for further analysis and diagnostics
• A set of initial values for the protocol parameters.

A full run-down is available in our Tech Update.

New Bumper Talent

One of the biggest challenges in DeFi is locating exceptional talent, as we’ve spoken about a number of times.

Bumper has partnered with industry recruitment specialists and headhunters to assist us in onboarding the very best minds, and we’re pleased to announce that we have now recruited personnel in two key areas.

We’ll be welcoming a new Senior Solidity Engineer and Simulation Engineer to the team in the coming days.

We are still recruiting more candidates for the above roles, alongside other specialist vacancies. Visit our careers page for more info.

Epoch Closure

As a reminder, we will shortly be closing down our existing Liquidity Provider programme and advise users who have staked USDC to withdraw their funds as we wind this process down.

Note, this does not affect those users who are currently staking BUMP tokens via the Bumper dApp.

Office Hours

Our next Office Hours live stream will be taking place on Thursday, 15 December 2022 at 10am UTC: Make sure you’re subscribed to our channel to get an alert when we go live.

Watch the full live stream of our previous Office Hours session on Youtube which featured Ben Scholtz from CadLabs, our simulation partner.

Check out some of the highlights:

• Will modelling be able to predict economic attack vectors?
• Bumper LPP — Epoch closure
• Public and Private keys
• Avraham Eisenberg and the Curve exploit

Interesting Content

We like mixing it up a bit… here’s some of our latest popular content, tackling a whole range of interesting issues in crypto, DeFi and the wider market:

• Make Crypto Great Again: 8 reasons to be cheerful
• Grand Theft Crypto: The web of influence in the FTX collapse
• Is this really the bottom?
• As Options turns 50, is it time for a hedging update?

We’ve also been releasing some interesting tidbits which come from the Mind of Sam, as discussed on Office Hours. Including this really interesting 1 minute segment about accidental public key dual-generation.

Want more? Check out our Medium publication and the Bumper Blog

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