Here are the latest tech updates covering some of the work our engineering teams have been working on over the past couple of weeks.
Web2
We had updated our legacy staking dApp this week and removed the Stake and the Restake functionality, prohibiting a new user staking (as we are shortly withdrawing this module). We have also the emergency eject functionality for our existing stakers to withdraw their funds.
Our vendor Digital MOB have been working on finishing up the DAO dApp and preparing the site for the deployment next week.
We’ve been refactoring the our protocol dApp to incorporate a form for protect and earn renewals. We also putting also consistent effort to make our code generally much cleaner.
Simulation
A lot of debugging has been going on this week. One important fix was in the premium computation, where now the % of premium paid by an agent is the same no matter in which currency it is measured (ETH or USD). Previously, we were noticing a small discrepancy.
We have been updating the formulation of the Cumulative Index used to compute the Premium. The goal is to get rid of two different indices used to compute the premium and replace with a single ETH-based index. This is almost complete.
New state variables have been introduced to compute a slightly changed premium. The motivation for this was the discrepancy between claimed vs closed premium values. We are still working on this.
More collaboration with Web3, and more parameter updates.
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.
Understanding how Bumper assesses risk and calculates premiums is crucial to optimise positions and maximise revenue. This article delves into the Bumper premium mechanism.
One of the final steps in moving the protocol forward was to understand the differences between the BTC and ETH market yields and premiums. The analysis shows that Bumper is working as it should.