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April 26, 2023

Tech Updates 17 Apr - 21 Apr 2023

Technical

Here are the latest tech updates covering some of the work our engineering teams have been working on recently:

Web2

  • Over the last few weeks, a lot of work has gone into completing the DAO dApp, including adding tool tips and helper text on the DAO dApp to make it easier for user navigation.

  • We’ve also rebuilt some of the flow for how DAO proposals will function

  • In the last 2 weeks we also attempted to migrate our dApp from vanila react to nextjs. It was a spike task where we wanted to understand the feasibility of the migration. In the end we concluded that it’s currently not best for the us make that switch at this point as our current UI-kit is incompatible with SSR

Next up

We have made some adjustments to our current protocol dapp UI/UX based on the discussions that the Bumper engineering team had with our partners D-MOB in Romania. Our next steps are to: 

  • Integrate a BUMP purchase flow in our existing Protect (Takers deposition action) and Earn (Maker deposit action) flows. We will initially be using the Uniswap widget to make BUMP purchases.

  • We’ve also updated some components  of the protect / earn forms to support a more detailed experience whereby takers will be able to select more granular floor prices.

  • We have been playing around with our markets page and make it more contextual and increase its general utility for the users.

  • We intend to complete the DAO dapp and make it production ready for launch. 

‍

Simulation

  • We’ve been updating the equations we are using for the Implied Volatility extrapolation. The purpose of this is to generate synthetic options prices where available market data does not exist for some strikes and terms. By doing this, it allows us to simulate what the pricing would be for outliers, unusual events and so on.

  • Much of our work has been on preparing the simulation report to be released soon, in conjunction with our partners CadLabs

  • We’ve also been bug fixing a couple of small issues where the simulation may have double-counted deposit amounts when agents were renewing positions. 

Next up

  • Continuation of putting the simulation report together for peer review and release.

‍

Web3

  • The integration with Open Zeppelin Defender admin required us to design and implement some smart contract changes to handle certain data types.

Next Up

  • Continuation of DAO and protection smart contracts.

‍

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.

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