Bumper, an innovative DeFi protocol that aims to protect users and traders against market crashes, and Panther Protocol, who are developing a flexible and scalable privacy infrastructure for DeFi and Web3, are entering into a partnership agreement that aims to benefit retail and institutional users alike.
Together, Panther and Bumper aim to provide DeFi users with a seamless and private DeFi user experience. Bumper will integrate Panther’s solution to provide users of Bumper’s unique asset protection protocol a “private-by-default” experience, while also enabling them to selectively disclose transactional data with counterparties and institutions whenever they wish.
Panther’s technology allows institutions, fintechs and individuals to enter DeFi and enjoy the Bumper Protocol’s volatility protection systems, all the while staying fully compliant with KYC and AML standards.
Together, Bumper and Panther’s shared vision is one where individuals not only benefit from the ability of distributed technologies to provide fairer digital transaction systems, but may also do so knowing that their privacy is maintained. There are many use cases for this combination, including providing Panther’s privacy mining infrastructure with market crash protection, allowing them to reap the rewards for providing their assets to Panther shielded pools while increasing Panther’s anonymity set. More rewards and less risk is always a good thing in DeFi.
Bumper COO, Gareth Ward, remarked, “We see Panther as a key building block for the future of crypto, a game-changer in bringing privacy and compliance together, much in the same way Bumper will change the way people manage risk in the future.”
Oliver Gale, CEO at Panther Protocol said about the partnership: “Bumper provides downside protection to crypto assets, Panther provides privacy — this partnership simply makes sense from a composable DeFi worldview. We are excited to enhance and prepare Bumper for institutional capital seeking price protection and confidentiality.”
This news comes as Bumper are gearing up for the pre-sale of their $BUMP token between Oct 14th, 12pm UTC and Oct 21st, 12pm UTC. Investors looking to protect their crypto with Bumper will require $BUMP to participate in the protocol. Bumper is also offering $10,000 in prizes for those who join their waitlist.
The Bumper protocol is a pure, decentralised market for on-chain asset price volatility. Users of protection set a floor price, and if the market crashes, their asset will never fall below that price. Importantly, if the market pumps, their asset rises too.
Protected positions incur an incremental, floating premium based on asset price movements. This in turn is used to incentivise the complementary side of the market wherein depositors may supply stablecoin into a liquidity reserve and earn a yield.
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Panther is an end-to-end privacy protocol connecting blockchains to restore privacy in Web3 and DeFi while providing financial institutions a clear path to compliantly participate in digital asset markets.
Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology. Users can mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets flow across blockchains via a privacy first interchain DEX and a private metastrate. Panther envisions that zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.
Want to learn more about Panther?