Bumper is Live: A New Innovation in Crypto Risk Management Launched on the Ethereum Network

Published in
3 min readSep 7, 2023
Bumper is live. Crypto risk management protocol live on Ethereum

After a 3 year period of intensive Research and Development, Bumper is now live on the Ethereum mainnet.

A New Era in DeFi Risk Management

The DeFi landscape is ever-evolving, and today marks a significant milestone as Bumper is launched.

Bumper is not just another DeFi protocol; it’s a revolution in risk management that offers two compelling features: protection against downside volatility for crypto holders and lucrative yield opportunities for USDC stablecoin depositors.

Protect Your Crypto From Price Drops

Market volatility can be a significant concern for crypto holders.

Bumper alleviates this worry by allowing users to lock their tokens into the protocol and set a floor price.

This floor price acts as a safety net, ensuring that no matter how much the market fluctuates, your investment won’t fall below the predetermined value. Compared to traditional options desks like Deribit, Bumper offers a simple, non-custodial and cheaper on-average alternative that protects the value of your actual tokens from market price drops.

Useful Links for users looking to protect their tokens:

Real Yields for Stablecoin Depositors

On the flip side, if you’re looking to earn a yield on your assets, Bumper has you covered. By depositing USDC stablecoins into the protocol and earning a return which is derived from the premiums paid by protection buyers.

Bumper’s multi-year agent-based model simulations showed that even during the 2022 bear market, stablecoin depositors were earning, on average, yields ranging between 3–18% per annum.‍

Useful links for users looking to earn a yield:

Incentives and Zero Fees

To celebrate its mainnet launch, Bumper is rolling out a slew of incentives for early adopters.

Early adopters will share in up to $250,000 in enhanced rewards for opening either a protection or an earn position. The weighting of these rewards favours larger, longer and earlier positions.

Existing crypto options traders can apply for a bonus reward of up to 200,000 BUMP on top of any other incentives. To qualify, users must have opened a position on one of the following platforms in the last year: Deribit, Opyn, Lyra, Hegic, Ribbon, and Premia.

And if that’s not enticing enough, Bumper is waiving all protocol fees for the first month. Yes, you read that right — zero fees for an entire month!

BUMP tokens — The key to the Bumper protocol

All users who wish to open a position on Bumper, whether it be to protect their crypto or earn a yield on their stablecoins, require BUMP tokens to bond into the protocol. Bonds are returned when the position is closed, rather than being spent, which creates a constant supply and demand cycle for the native token.

BUMP is also the governance token of the protocol, allowing users to participate in decision-making in Bumper’s DAO.

You can buy BUMP tokens on Uniswap and Bitmart.

Token Support

Bumper has now been deployed to the Ethereum blockchain, and currently only accepts ETH for protection positions, and USDC for earning positions. Future versions will add more features, including multi-token and cross-chain support.



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Bumper protects the value of your crypto using a radically innovative DeFi protocol.