Stake BUMP

Staking provides BUMP token holders a way to support the protocol. Stakers will earn a variable yield, paid in BUMP, by locking in their BUMP.

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5,000 BUMP Rewards per Day

5,000 BUMP per day will be issued proportionally among stakers, according to how many BUMP are staked, and what type of stake is chosen.

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How does Staking Work?

The point of Bumper’s Staking module is to provide BUMP holders a means to support the protocol without participating as a Maker or a Taker in v1.0 and beyond. Stakers will earn a variable yield, paid in BUMP, by locking some of their BUMP into the module.

The staking functionality will be live via our dApp, or the Bumper smart contracts if you're that way inclined. When you choose to stake you'll have the option of Fixed Staking or Flexible Staking. These are explained below.

For now, the staking contract is configured to issue 5,000 BUMP per day in staking rewards. The important thing to note here is that it will be issued proportionally among the stakers, according to how many BUMP are staked, and what type of stake is chosen.

Step-by-Step Guide to Staking

Staking Types

Flexible Staking

Staking under the Flexible option means you can jump ship whenever you feel like a dip in the ocean. However, it’s a long way down, and there’s a cooldown after you press the eject button.

1x reward multiplier
10-day cooldown period
BUMP Re-staked if not claimed within 2 days

Fixed Staking

A Fixed Term Stake of BUMP locks tokens into the protocol for a fixed time period. Fairly self-explanatory really. The interesting bit is that you get a bonus for choosing fixed, and the longer the term, the bigger the bonus.

Fixed term:
30 days = 1.5x reward multiplier
60 days = 2.75x reward multiplier
90 days = 6.0x reward multiplier

Claimable at the end of the term.