Bumpers $20 Million Offer to Outdo Deribit Crypto Options Goes Live on September 7th, 2023.

Bumpers $20 Million Offer to Outdo Deribit Crypto Options Goes Live on September 7th, 2023.


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, Bumper’s protocol offers a cost advantage of 30% compared to the market leader Deribit.

The Advantages of Bumper’s Innovation

Bumper’s 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 take advantage of $250,000 worth of incentives by protecting their Ethereum (ETH) or earning on their USDC.

Eliminating Downside Volatility and Offering Real Yields

By removing the downside volatility of cryptocurrency 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.

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Bumper’s Revolutionary Approach

Bumper’s protocol marks a whole lot of departure from the fifty-year-old Black-Scholes model that has dominated the options market. Regardless of using different inputs and a novel rebalancing mechanism, Bumper’s protocol is on the brighter side correlated with Black-Scholes but more efficient, even in volatile market conditions.

Join Bumper’s DeFi Revolution

Bumper is now live on the Ethereum (ETH) mainnet and accepting deposits in Ethereum (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.

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Hot Take

Bumper’s 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.

Author – Contributor at | Website

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.

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