Bumper Overview
- What is Bumper?
Bumper is a decentralized finance (DeFi) platform that provides innovative price protection for cryptocurrency assets. It uses AI-powered mechanisms to allow users to hedge their crypto assets by locking in a floor price over a set term.
- Main Features
- Price protection for crypto assets during market crashesAbility to earn yields by depositing stablecoinsGoverned by communityAI-powered risk managementMulti-asset support
- Blockchains
- Arbitrum
Related Apps
A multi-chain yield aggregator that automates yield using investment pools and reacts to opportunities.
A decentralized yield farming platform that provides $STONE, which can be used on different dApps.
A stablecoin that generate yields with no staking or locking up your tokens and pegged to the US Dollar.
Frequently asked questions
Bumper protects crypto assets during market crashes by allowing users to set a price floor for their cryptocurrency, effectively hedging against severe price drops. Users pay a premium to obtain this protection. This fee is calculated based on factors such as the volatility of the asset, the term of protection, and the distance between the current market price and the set floor price. If the market price of the protected asset falls below the set floor price during the coverage period, Bumper ensures that the user can exit their position at no less than the floor price.
To earn yields with Bumper, users can deposit USDC stablecoins into the platform. Yields are derived from premiums paid by protection takers in exchange for assuming some risk.
No, Bumper is specifically designed to protect crypto assets from losing value and does not provide protection for assets other than crypto.
Customer Reviews
Share your thoughts
If you’ve used this app, share your thoughts with others.
There are no reviews yet!
Be the first and add a review.
Explore Top Apps
If you enjoy using Bumper, you’ll love those Decentralized Finance apps.
Stay ahead in Web3!
The latest Ethereum and L2s apps, tools and resources, sent to your inbox.
