1. DEX pools & token slippage
2. Liquidity Mining Program
3. Changes to staking contract
Standby for Sitrep #029
Circulating Supply: 43,579,622.3872
BUMP price: $0.07388
Price Changes: 24h: -11.5% 7d: +91.6% 14d: +82.3% 30d: +187.8%
Fully Diluted Market Cap: $18,470,000
Circulating Market Cap: $3,219,662
As at February 23, 2023
Earlier this week, liquidity for the BUMP-WETH pair dropped very low on Uniswap, caused primarily by large increases in buy-side volume over the last month which reduced the supply of available BUMP tokens.
We’ve now resolved this by adding a significant amount of BUMP tokens to the DEX.
We’ve also decided to open a new USDC-BUMP pool on Uniswap v2, which we believe to be more advantageous to users and improve overall liquidity and reduce slippage.
This new pool will be going live in the coming few days, and our aim is to facilitate more frictionless swaps for users.
Following on from the above, we have also this week announced the opening of our pre-launch Liquidity Mining program. This will reward users for providing additional liquidity to the new Uniswap v2 pool.
Users who supply an equal amount of BUMP and USDC into the pool will be given an LP token by Uniswap. This can then be staked into the Bumper dApp to earn a share of a massive rewards allocation of over 1.8M BUMP tokens, to be distributed to stakers over a 13-week period.
The Liquidity Mining program opens on March 1, 2023. Don’t miss out on this opportunity to earn some seriously bodacious yields whilst directly supporting Bumper.
See this article for full details about our LM program.
Again, following on from the above announcement of the Liquidity Mining program, we are simultaneously reducing the amount of rewards available in our legacy staking contract.
Previously, this contract was emitting 5,000 BUMP tokens per day. From March 1, 2023, the module will emit only 500 BUMP per day.
Existing BUMP stakers will realise the benefit of moving their stake to the new liquidity mining program, an initiative that will directly benefit the protocol, particularly during the run-up to mainnet launch.
EDIT: Since this article was published, and as a result of community members requesting early access from the legacy staking program, we have initiated an "Eject" function to the staking contract. This means that until 15th March 2023, those who have fixed or flexible staking positions will be able to exit and thus participate in the Liquidity Mining program. You can find full details here.
If you’ve been following closely, you’ll have noticed there has been a gear shift in some of our content, particularly around technical updates and what we’re seeing from our extensive simulations.
For example, we’ve recently been featured in a number of publications, including major financial news outlets such as Yahoo Finance and Benzinga regarding accelerating the protocol launch with Digital MOB, our top-tier tech partners. This has run alongside some display advert testing across a few networks and allowed us to evaluate the impact of our messaging prior to Bumper’s launch.
We’ve been actively searching for a growth manager to join our team to help us scale Bumper and increase awareness in the crypto community and we hope to be able to announce a new recruit very soon.
As a reminder, our legacy Epoch programme has now closed and users who have deposited USDC are encouraged to withdraw their funds. Again, we’d like to encourage these users to earn even more rewards by participating in our Liquidity Mining program.
Our next Office Hours live stream will be taking place on Thursday, 16 March 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:
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