Bumper Crypto Price Protection isn't live yet.
1. Simulation & Economic modelling
2. Protocol roadmap update
3. Slippage on UniSwap v3
4. Brand & Marketing
Standby for Sitrep #028
Circulating Supply: 40,916,573.8227
BUMP price: $0.02839110
Price Changes: 24h: +4.5% 7d: +22.1% 14d: +10.5% 30d: +23.7%
Fully Diluted Market Cap: $7,097,354
Circulating Market Cap: $1,161,666
As at January 26, 2023
Most major components have now been implemented, and we’re currently going through a process of hardening the code and testing and debugging edge cases so that we have a sufficient degree of confidence in releasing the protocol’s economic performance numbers.
Currently, we’re operating the protocol in “Fast Mode” using a time-domain implementation for the purposes of remaining debugging, improvements to economic experiment usability, and initial parameterisation based on historical data (back-testing).
Once we’ve achieved this initial set of results, we’ll then circle back to implement even more advanced features, including implementing “Full Mode” monte-carlo simulations using the difference-domain, acquiring a permanent server environment, adding second-order agent decision rules, and testing wBTC in addition to simulating ETH price volatility.
For more detail on the purpose and early results of our Economic simulation, please check out this video:
We’ve rebuilt the way information is ingested into the protocol to make it more robust, scalable, flexible and easier to understand.
This piece of work is known as the Oracle Module and included refactoring some parts of the protocol codebase to remove the high coupling of prices read from Chainlink into the core market logic.
All external information that the protocol uses is now routed through this Oracle Module.
We addressed the protocol roadmap in our last Office Hours livestream, and our new updated roadmap sees a launch in Q2 of this year.
We have had significant issues with resourcing talent to deliver Bumper in a timely fashion, however, we’ve had a major boost with the recent onboarding of a top-tier development house, Digital Mob, the team responsible for some huge protocols, including MakerDAO and BarnBridge.
Bringing Digital Mob on board has been a coup for us here at Bumper, as these guys are arguably some of the world’s top Web3 developers at delivering complex decentralised solutions.
Click here to see exactly where we are on our roadmap.
Some users have reported issues with using UniSwap v3 for trading BUMP tokens. This is due to the price tick ranges in this price band, which has been exacerbated by significant moves in the token price over the last few weeks.
We are actively investigating possibly moving to UniSwap v2 to alleviate this issue and will provide an update shortly.
As the engineering work continues, we are also now focusing on 2 very key areas for the protocol, the brand and the marketing of Bumper.
We have for some time been working alongside brand experts to develop a fresh brand identity for the protocol. At the same time, we are also now testing various strategies for encouraging users to join our community and learn about Bumper.
As a reminder, our existing Epoch programme has now closed and users who have deposited USDC are encouraged to withdraw their funds.
Note, this does not affect those users who are currently staking BUMP tokens via the Bumper dApp.
Our next Office Hours live stream will be taking place on Thursday, 16 February 2023 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.
Check out some of the highlights:
Here’s some of our latest popular content, tackling a whole range of issues in crypto, DeFi and the wider market, injected with a big blob of humour, a dash of seriousness and a liberal sprinkling of interesting ideas.
Want more? Check out our Medium publication and the Bumper Blog - and do watch out for many more YouTube videos too.
Bumper protects the value of your crypto using a radically innovative DeFi protocol. Set the price you want to protect and if the market crashes, your asset will never fall below that price. Importantly, if the market pumps, your asset rises too.
Stay Connected to Bumper:
Join our Discord — https://discord.gg/YyzRws4Ujd
Follow us on Twitter — https://www.twitter.com/bumperfinance
Visit our Website — https://bumper.fi
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.