Bumper

BUMPER is a DeFi price protection protocol that protects the value of crypto assets.

Business Model:

Revenue: $0

Employees: 1-10

Detailed Bumper Information

Geographic Data

Bumper headquarters map

Address: -

City: London

State: england

Zip: E1 6AN

Country: GB

Financial Info

Stage:

series unknown

Raised Last:

$20k

Raised Total:

$10M

Metrics

2,368,371Website Global Rank

9,477Website Monthly Traffic

Twitter Followers

Description

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.

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Contact Email:

Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
10/2021 Venture Round 1 $20k Metaconomy Capital
Metaconomy Capital
4/2021 Initial Coin Offering 4 $10M Alphabit Fund
Autonomy Capital
Beachhead Venture Capital
Chainlayer
Alphabit Fund
Autonomy Capital
Beachhead Venture Capital
Chainlayer
Announced Date Name Price

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