Bumper (BUMP) is a DeFi protocol that allows users to hedge their crypto assets by setting a minimum floor price. More
| Fully Diluted Valuation | $545,901 |
|---|---|
| 24H Trading Volume | $215 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 195.68 M |
| Total Supply | 250.00 M |
| Max Supply | 250.00 M |
| Categories | Ethereum Ecosystem 3 more |
|---|---|
| Founder | Jonathan DeCarteret |
| Website | bumper.fi |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Arbiscan 4 more |
| Contracts |
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1 more
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| Name | Pair | OG Score |
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Bumper (BUMP) is a decentralized finance (DeFi) protocol designed to help users protect their cryptocurrency investments from market drops. It allows you to set a minimum price (floor price) for your assets, so their value won’t fall below this level, even during market crashes.
How Does It Work?
Bumper works with two main participants: protection takers and protection makers.
Protection Takers: These are users who want to safeguard their assets. They pay a variable premium to set a floor price for their crypto. If the market price falls below this level, their assets are still worth at least the floor price.
Protection Makers: These users provide stablecoin liquidity to the Bumper protocol. In return, they earn yields from the premiums paid by protection takers. This creates a balanced system where both sides benefit.
AI and Token Use
Bumper uses artificial intelligence to adjust premiums based on market conditions. This helps keep the protocol balanced and efficient.
The Bumper protocol uses its native token, BUMP, for several purposes:
Premium Payments: Protection takers use BUMP to pay for protection.
Yield Distribution: Protection makers receive yields in BUMP.
Incentives and Governance: Token holders can vote on changes to the protocol and earn rewards for their participation.
Key Features
Fair Yields: Unlike some systems where one party’s gain is another’s loss, Bumper spreads risk and rewards across the pool, making it fairer for everyone.
Decentralized Application: Bumper operates through a user-friendly DApp where you can manage your protection and liquidity.
Security and Development
Bumper has a total supply of 250 million tokens and features mechanisms to ensure stability and security. The protocol is developed by a team with experience from previous projects, adding credibility to its design.
Conclusion
Bumper (BUMP) offers a practical solution for managing cryptocurrency risk. It helps protect your assets from market downturns while providing opportunities for liquidity providers to earn rewards. Bumper's token is available on decentralized exchanges, providing an entry point for those interested in this innovative protocol. Always do your research and understand the risks before participating.
Bumper (BUMP) is unique because it offers a decentralized solution to protect cryptocurrency investments by allowing users to set a minimum floor price, ensuring their assets don't fall below this level even during market crashes. Its AI-driven system adjusts premiums dynamically, making it a fair and balanced DeFi protocol.
Bumper (BUMP) was founded by the team behind INDX and Block8, including the creators of the Havven project, bringing extensive experience in the DeFi and blockchain space.
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