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What is Bumper (BUMP)?

Bumper is a decentralized finance (DeFi) protocol on Ethereum that offers price protection for crypto assets, starting with ETH. It connects users seeking price protection ('Takers') with liquidity providers ('Makers'). Takers pay a daily premium, around 3% annually, which incentivizes stablecoin deposits into a Reserve. The Bumper protocol acts as a decentralized market for on-chain price risk management. This risk is transferred from the stablecoin Reserve through various redundancy mechanisms. The protocol monitors its aggregate liabilities and rebalances if they exceed safety thresholds, using premium adjustments, yield curves, BUMP distributions, arbitrage, and DEXs. A separate capital reserve provides further financial backing.

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