Here are the latest tech updates covering some of the work our engineering teams have been working on over the past couple of weeks.
- We’ve completed the UI templating for deposit and close/claim flows for takers and deposit flow for the makers.
We’ve also been developing a workflow that allows us to accelerate development sprints.
- We are working on completing the renew flows for Takers and Makers, and introducing and populating tooltips throughout the dApp.
- We’re also working on creating a backend API to aggregate prices of different assets like ETH, USDC and, of course, BUMP. We have decided to build this from scratch as our requirement for reading prices from Chainlink and Uniswap are not met by any platform out of the box and, additionally, we also need to store frequent price updates to the dApp.
- We’re also investigating different ways to allow enable user notification for when a positition is about to expire for both Takers and Makers.
- We started the report writing, including results for the ABM tests and backtesting against Puts on options markets.
- We compared specific positions in different conditions, including baseline, bearish and bullish market.
We were able to analyze how specific positions perform in terms of yield and premia, and re-ran the simulation across a full set of terms and risk tier/floor levels.
- We are updating the model to add renewals, as this was not part of the simulation yet. There is still some work to be done on this, and all post-analysis from the simulation will need to be re-tuned after implementation.
- Completion of simulation analysis and reports
- Our development partners have for the last couple of weeks been joined by members of Bumper’s engineering team in Bucharest, Romania. This has allowed us to get deep under-the-hood into the core development processes, and work closely on the structure of the smart contracts.
- Implemenet confurator / config validator contract
- Implement configurable risk-ratings for Takers / Makers
- Gas refund - implement gas treasury contract, allowing treasury to hold fees collected, and make gas refunds from the treasury.
- DAO functionality specification.
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