Woah, chill dude
Bumper Crypto Price Protection isn't live yet.
Bumper Crypto Price Protection isn't live yet.
Connect your wallet, Choose a protection floor and a term length, then deposit your crypto into Bumper. You will receive a composable Bumpered Asset token which represents your protected asset with the downside volatility removed.
If the market tanks below the floor, when the term expires you receive stablecoins to the value of your chosen floor. But if it goes to the moon you don’t lose out, and just claim your protected asset back.
It doesn’t matter how many times the price moves above or below the floor, all that matters is where it is when the position closes.You need to hold BUMP tokens which are bonded into the protocol whilst your position is open, and returned after it’s closed. Learn more about BUMP tokens.
Bumper’s price protection is a superior alternative to stop losses and more price efficient than Options Desks.
Stops you losing value if the market goes down
Continue to profit if price goes back up
Not if triggered
Normally % of trade size
Fixed, set by seller
Fixed, set by insurer
Incremental based on market volatility
Are you returned an asset which can be used in other protocols?
Stops you losing value if the market goes down
Yes
Continue to profit if price goes back up
Not if triggered
Normally % of trade size
Are you returned an asset which can be used in other protocols?
No
Stops you losing value if the market goes down
Yes
Continue to profit if price goes back up
No
Fixed, set by seller
Are you returned an asset which can be used in other protocols?
No
Stops you losing value if the market goes down
No
Continue to profit if price goes back up
No
Fixed, set by insurer
Are you returned an asset which can be used in other protocols?
No
Stops you losing value if the market goes down
Yes
Continue to profit if price goes back up
Yes
Incremental based on market volatility
Are you returned an asset which can be used in other protocols?
Yes
Compare Bumper in more detail with:
Many newcomers to the crypto space worry they will lose their investment. Bumper is the perfect, low cost solution to keeping your value intact without having to keep your crypto on a centralised exchange.
Bumper is perfect for preserving your gains during bull cycles, letting you trade in and out of stablecoins passively without incurring slippage fees.
Bumper stops your the value of your wallet getting utterly Rekt should the market crash. This allows you to keep stacking, even during a bear cycle.
Bumper protects assets whilst allowing you to continue to participate in other DeFi protocols using the composable Bumpered asset which represents your protected asset with the downside volatility removed.
Fund managers and institutions with a fiduciary responsibility to hedge risk on behalf of clients can use Bumper as a cost-effective solution against downside volatility.
Whales with large wallets can use Bumper to hedge against significant losses without trading.
A stop loss converts your crypto asset to stablecoins or fiat when its triggered. But if the price rebounds, you end up missing out on upside gains.
Bumper preserves upside gains whilst protecting your wallets value from drops, and it does it without having to transfer your tokens to an exchange.
Bumper’s price protection is a novel alternative to complex and opaque Put Options, and have with significant benefits for both sides of the market.
Price-efficient incremental premiums replace up-front fixed costs, and the ability to utilise Bumpered assets in external DeFi protocols makes the protocol attractive to a wide range of user profiles.
The Bumper protocol employs a novel architecture, with premiums calculated differently to other DeFi (and TradFi) products and services.
With Bumper, you don’t pay a premium up front. Instead, the cost of protection is based largely on the price action whilst your position is open, with premiums being applied incrementally in line with actual volatility.
As a result, Bumper is designed to be highly price-efficient, non-combative, and provably fair.
Protect the price of your crypto assets with Bumper
