Bumper Launches Revolutionary Crypto Options Protocol with Impressive Cost Savings
Bumper, a decentralised finance (DeFi) protocol, has officially launched its groundbreaking crypto options killer. This protocol, backed by a three-year research and development program and $20m in early funding, is set to disrupt the $13 trillion options market. Developed in collaboration with the Swiss Center for Cryptoeconomics and renowned developers Digital Mob, Bumper’s protocol offers a cost advantage of 30% compared to the market leader Deribit.
The Benefits of Bumper’s Innovation
Bumper’s protocol not only outperforms traditional options desks by one-third but also provides Liquidity Providers with attractive annual percentage rates (APRs) ranging from 3% to 18%. Early adopters can also benefit from $250,000 worth of incentives by protecting their ETH or earning on their USDC.
Eliminating Downside Volatility and Offering Real Yields
By removing the downside volatility of crypto tokens, Bumper’s protocol allows users to take leveraged positions with zero-liquidation risk. The premium charged by the protocol generates real yields for liquidity providers without the need to sell option contracts.
Bumper’s Revolutionary Approach
Bumper’s protocol marks a significant departure from the fifty-year-old Black-Scholes model that has dominated the options market. Despite using different inputs and a novel rebalancing mechanism, Bumper’s protocol is surprisingly correlated with Black-Scholes but more efficient, even in volatile market conditions.
Join Bumper’s DeFi Revolution
Bumper is now live on the Ethereum mainnet and accepting deposits in ETH and USDC. Additional ERC-20 tokens and multi-chain support will be added soon. To learn more about Bumper and its early user rewards and incentives, visit bumper.fi.
Hot Take
Bumper’s launch of its crypto options killer protocol marks a major breakthrough in the DeFi space. By providing cost savings, eliminating downside volatility, and offering attractive yields, Bumper is poised to disrupt the options market. With its innovative approach, Bumper presents a compelling value proposition for crypto enthusiasts looking to leverage their positions with minimal risk.
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