We're thrilled to share a groundbreaking announcement with our dedicated Bumper community! The countdown has begun, and on Friday, December 15th, Bumper will make its highly anticipated debut on Arbitrum. This milestone is not just a step forward; it's a leap into a new era of decentralised trading.
Our commitment to delivering a tool that has a broad use-case for crypto holders and traders has led us to refocus Bumper as a powerful trading tool. The fundamentals of the protocol - protecting a price floor - haven’t changed, but with higher floors, shorter terms, and lower transaction costs we’ve broadened the appeal of Bumper as a standout platform.
The initial markets on Arbitrum will feature wstETH/USDT and wBTC/USDT. With wstETH the DeFi community can now do more than just generate yield from their staked ETH, they can derive profit from market movement and protect its value. The stalwart wBTC also gets support giving users the opportunity to protect the highest traded asset and beat the market. We’re planning to add further markets once we start to build traction and liquidity in the first two.
Our commitment to user empowerment takes centre stage with the introduction of cancellations for Takers. Now, you have the flexibility to cancel your taker position at any point during the term, giving you unprecedented control over your trading strategies.
Following the v1.0 release of Bumper on Ethereum we revisited the interface and conducted research to deliver a better experience of the protocol. V1.1 brings a completely overhauled UI, showing all your positions, a live chart and all on one screen.
Trading should not only be powerful but visually appealing and user-friendly, and our new UI reflects just that. We have bigger plans as well to enhance this experience for both more sophisticated traders and those simply after the protective side of Bumper... so they can sleep better at night.
To celebrate the launch on Arbitrum and encourage early adoption, we're rolling out exclusive incentives:
Premium Rebate Epochs
Takers - or users hedging their crypto - who take out a position worth $1,000, or greater, will get up to their first 25 USDT worth of premiums refunded. Rebates will be per wallet on a weekly epoch basis, with the first epoch starting at launch. The total value of the first epoch rewards will be 2,500 USDT. Future epochs will be announced in community.
Note that premium costs are deducted in the native coin you’re protecting so, for the purposes of this exclusive offer, the reimbursement figure in USDT will be calculated using the price of the protected asset at the time of close or claim.
If you’re hedging, the rewards will offset your premium. And depending on the position you take, and market volatility, you might even get completely free protection. What’s not to like! For full details visit this link.
As originally designed, users will still receive BUMP incentives for both Maker and Taker positions. Your commitment to our platform deserves to be recognized, and we're here to reward you for it. Utility of the BUMP token is heavily baked into the protocol and we will continue to develop this aspect.
The BUMP token is already tradeable via Uniswap. The possibilities are endless, and the journey is yours to explore.
As we prepare to embark on this exciting journey, we extend our deepest gratitude for our community’s unwavering support. For those new to Bumper... Welcome! The future of decentralised trading is here, and we can't wait for you to experience it first-hand. Mark your calendars, set your alarms, and get ready for the Bumper launch on Arbitrum!
Stay tuned for more updates, and here's to a new era in decentralised trading!
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A new way to trade volatility has arrived with Bumper v1.1 on Arbitrum today. Users can now take out hedged positions with a protected floor up to 99%, with the added feature of cancellations traders can protect their holdings from downside volatility but also trade off it.