Bumper Launches Revolutionary Cryptocurrency Options Protocol with Impressive Cost Savings
Bumper, a decentralised finance (DeFi) protocol, has officially launched its groundbreaking cryptocurrency 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, Bumperโs protocol offers a cost advantage of 30% compared to the market leader Deribit.
The Advantages of Bumperโs Innovation
Bumperโs protocol not only outperforms traditional options desks by one- third but likewise provides Liquidity Providers with attractive annual percentage rates (APRs) ranging from 3% to 18%. Early adopters can likewise takeย advantageย of $250,000 worth of incentives by protecting their Ethereumย (ETH) or earning on their USDC.
Eliminating Downside Volatility and Offering Real Yields
By removing the downside volatility of cryptocurrency tokens, Bumperโs 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.
Bumperโs Revolutionary Approach
Bumperโs protocol marks a wholeย lotย of departure from the fifty-year-old Black-Scholes model that has dominated the options market. Regardlessย of using different inputs and a novel rebalancing mechanism, Bumperโs protocol is onย theย brighterย side correlated with Black-Scholes but more efficient, even in volatile market conditions.
Join Bumperโs DeFi Revolution
Bumper is now live on the Ethereumย (ETH) mainnet and accepting deposits in Ethereumย (ETH) and USDC. Additional ERC-20 tokens and multi-chain support will be added soon. To learn more about Bumper and its early user bonus and incentives, visit bumper.fi.
Hot Take
Bumperโs launch of its cryptocurrency 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 cryptocurrency enthusiasts looking to leverage their positions with minimal risk.
Ethan Glober emerges as a visionary weaving the roles of crypto analyst, relentless researcher, and editorial artisan into a captivating narrative of insight. Within the dynamic realm of digital assets, Ethan’s insights resonate like an intricate melody, resonating with curious minds from all walks of life. His ability to untangle the most complex threads of crypto intricacies seamlessly melds with his editorial finesse, transforming intricacy into a harmonious composition of understanding.
