Dec 16, 2021
Bumper Set to List on Uniswap
We’re thrilled to announce that as of December 16, $BUMP will listed on Uniswap, one of the world’s most popular decentralised crypto exchanges.
Following the recent Public Sale, Bumper has now attracted $20m in funding. This closes off our fundraising phase and puts the focus on Bumper development in line with our roadmap.
As a foundation brick for DeFi’s growth Bumper seeks to flatten and diminish the damage caused by crypto’s famous volatility. Bumper’s price protection has the ability to interface in far-reaching ways with protocols right across the DeFi ecosystem, whilst also offering protection for individual and retail users through the Bumper dApp.
At Bumper’s core is the $BUMP token, which is required by all participants who interact with the protocol. The Uniswap listing will give greater access to the token, helping to grow a strong community of supporters.
About Uniswap
Uniswap is one of the most popular and most commonly used decentralised exchanges in the world. It’s a DeFi protocol hosted on the Ethereum blockchain and used to swap cryptocurrencies.
Popularity for Uniswap has grown through it’s Automated Market Maker (AMM) approach, allowing users to trade all ERC-20 tokens. Instead of standard order-book-based trading, they use liquidity pools and liquidity providers.
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About Bumper
The Bumper protocol is a pure, decentralized 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. Significantly, 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 incentivize the complementary side of the market wherein stablecoin depositors may supply stablecoin into a liquidity reserve and earn a yield.
