Bumper Price Chart Update [BUMP]

Bumper: Introduction to a Decentralized Finance Protocol

Bumper is a decentralized finance (DeFi) price protection protocol built on Ethereum. Created by INDX and Block8, the company behind Haven (later known as Synthetix), Bumper aims to safeguard the price of crypto assets, with a specific focus on ETH. The protocol offers a decentralized software solution where "Takers" of protection can operate against liquidity "Makers." To incentivize stablecoin depositors to contribute to a risk-free liquidity Reserve, protected positions come with a floating daily premium, typically around 3% per annum.

For more detailed information about Bumper, please refer to our comprehensive project analysis.

Bumper's Native Token and Its Use Cases

Bumper's native token serves various purposes, including:

• Payment of premiums for Protection Takers
• Yield for Protection Makers
• Incentivizing all protocol actors to bootstrap network effects
• Staking to increase protocol efficiency and robustness
• Governance token for voting on protocol evolutions

Tools Offered by Bumper

Bumper provides a range of tools, including:

• A DApp that allows protection Takers to select their protected floor and associated premium
• A DApp that allows protection Makers to receive a yield for being liquidity providers
• A protocol to balance ratios between Takers and Makers
• A protocol that issues representative bETH to Takers
• A protocol that issues representative bUSDC to Makers

Bumper Protocol: Token Circulation Overview

The total circulation of Bumper tokens is 250 million. On July 14th, 2021, the Bumper protocol launched its Liquidity Provision mainnet. At the initial decentralized offering (IDO), the circulating supply consisted of 48.18 million tokens, accounting for 19.20% of the total. The circulating market cap at IDO was $115.2 million, with a market cap to total value locked (MktCap / TVL) ratio of less than 0.77. By 2025, the fully diluted valuation at IDO is estimated to reach $600 million due to daily distribution. The distribution of Bumper tokens is as follows:

• LP & Private/ PreSale/ Public Sale - 8%
• Institutional Investors - 22%
• Team & Founders - 25%
• Protocol Usage - 35%
• Governance & Early Supporters - 10%

The Founders Behind the Bumper Protocol

The Bumper protocol was founded by the following individuals:

• Jonathan DeCarteret - Chief Executive Officer (CEO) - Formerly founder of the UK's 60th Fastest Growing Company
• Gareth Ward - Chief Operating Officer (COO) - Strong background in Commercial Management and Operations
• Samuel Brooks - Chief Technology Officer (CTO) - Formerly lead architect at Block8 and key designer of Havven
• Jason Suttie - Chief Marketing Officer (CMO) - Formerly founder of digital agency Copper

Bumper's technology partner is Block8, a leading blockchain product development studio in Australia. Block8 has taken a 10% equity position in Bumper TopCo and is a major holder of BUMP tokens. Founded in 2016, Block8 Technologies has 45+ employees across two countries and has delivered successful and innovative blockchain ventures, including Havven, creating a total enterprise value of A$300 million.

Where to Purchase Bumper Protocol (BUMP) Tokens?

BUMP tokens can be obtained through the official Bumper website. They are also available on decentralized exchanges (DEX) such as SushiSwap. Bumper is currently in talks with centralized exchanges (CEX) like FTX, Kucoin, and OKEx.