Details

Last Funding Type

Initial Coin Offering

Last Funding Money Raised

$10M

Industries

Cryptocurrency,Finance,Financial Services,FinTech

Founded date

Jan 1, 2020

Number Of Employee

1 - 10

Operating Status

Active

Legal Name

Bumper

Also Known As

Bumper Finance

BUMPER is a DeFi price protection protocol built on Ethereum.

BUMPER protects the price of crypto assets (ETH at launch) by providing a decentralised software facility for ‘Takers’ of protection to operate diametrically to ‘Makers’ of liquidity. Protected positions incur a floating daily premium, nominally 3% p.a, that is used to incentivise stablecoin depositors into a risk-free liquidity Reserve. The BUMPER protocol is a pure, decentralised market for on-chain asset price risk, which is transferred from a stablecoin Reserve through to cascading redundancy modules. At any point in time the Reserve has a measurable aggregate liability representing all positions. Should the liability exceed parameterized safety levels, the protocol rebalances, firstly by utilising first order dynamics, such as Premium/ Yield curves/ BUMP distributions and then by opening up to arbitrageur bots and if necessary DEX’s. A separate risk pool, attracting a higher yield tranche, acts to backstop any realized losses caused by sharp volatility. Conclusively, these redundancy measures make BUMPER a highly productive tool to achieve efficient risk transfer pricing via liability pooling.