Bumper Launches Revolutionary Crypto Options Protocol
Bumper, a decentralized finance (DeFi) protocol, has unveiled its latest innovation: a crypto options killer. This protocol offers significant improvements over traditional Black-Scholes option desks, surpassing market leader Deribit by an average of 30%. With the potential to disrupt a $13 trillion market, Bumper’s equation promises groundbreaking advancements.
Years of Research and Collaboration
Bumper’s innovation is the result of a three-year research and development program, supported by $20 million in early funding. The Swiss Center for Cryptoeconomics, renowned for its work on Synthetix, collaborated on the project. The coding was carried out by Digital Mob, a team with experience in protocols like Barnbridge, Gnosis, and Filecoin.
Unparalleled Cost Reduction and Incentives
By undercutting traditional options desks by one-third, Bumper offers significant cost savings. Additionally, Liquidity Providers (LPs) who supply USDC to the protocol can earn between 3-18% APR. Early adopters of the protocol can also benefit from $250,000 worth of incentives, protecting their ETH or earning on their USDC.
“Bumper removes the downside volatility of a user’s crypto tokens, allowing them to take leveraged positions with zero-liquidation risk. It’s not only a major breakthrough but also 30% cheaper than the market leader, making the value proposition crystal clear.” – Jonathan DeCarteret, Co-founder and CEO of Bumper
A Novel Approach to Pricing
Bumper’s pricing model calculates a premium incrementally, considering market conditions, protocol rebalancing, and proximity to the user’s floor. This generates real yields for liquidity providers, offering returns ranging from 3-18% APR without selling option contracts.
The Evolution from Black-Scholes
For decades, the Black-Scholes model has dominated the options market. However, Bumper introduces a novel rebalancing mechanism and different inputs while maintaining surprising correlation with Black-Scholes. Even under volatile market conditions, Bumper proves to be more efficient.
Deployment and Future Plans
Bumper has already been deployed on the Ethereum mainnet and is accepting deposits in ETH and USDC. The protocol plans to add support for additional ERC-20 tokens and multi-chain integration in the near future.
About Bumper
Bumper is a DeFi risk market that protects users from downside volatility in crypto assets. Users can buy protection at a desired price, safeguarding their crypto in case of price drops without missing out on potential gains. Other users earn yields by providing stablecoin liquidity to the protocol.
Hot Take: Empower your Crypto with Bumper!
Bumper’s revolutionary crypto options protocol opens up new possibilities for crypto enthusiasts. With its cost-saving advantages, zero-liquidation risk, and potential for real yields, Bumper disrupts the traditional options market. Don’t miss out on the opportunity to protect and grow your crypto assets with Bumper!
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