Bumper: Sitrep #010
Finally, we’re at double-digits with this March Sitrep #010. Speaking of March… DYK 40 years ago this month, Pac-Man was released on the Atari 2600? Pac-Man, or Puck Man as he was called at the time, and his Ghosty mates, Blinky, Pinky, Inky and Clyde were born 2 years earlier and remain the stars of one of the greatest video games of all time.
I’m sure many of us have Pac-Man to thank for conditioning us to think hanging out in dark rooms, munching pills and listening to repetitive electronic music is an acceptable way to have spent our youth.
Going forward, we’ve decided to throw some top level figures into the Sitreps, so you can see at a glance where things are at with the token, circulation and protocol metrics.
Circulating Supply: 22,009,913
Circulating Supply: 8.80%
$BUMP Price: $0.1089
24h Price Change: 13.24%
Fully Diluted Market Cap: $27,066,433
Circulating Market Cap: $2,396,879
Staking Total: 11,660,864.1569 BUMP
Epoch #08 Results (APR): 12.35%
Epoch #09 Results (APR): 1.31%
*As at March 1, 2022
Sprinting toward Protocol Delivery
Bumper are kicking through delivery of the protocol and the Dev team are near full-speed — take a look at the Tech Insight for more detail. Below are key milestones that will take us from here to protocol launch and listing on a centralised exchange in Q2. Watch this space…
- Accelerated DAO migration code
- Technical paper (I.P) to release
- Code Delivery on-schedule but we have been impacted by the Ukraine situation with some of our front-end devs in hot spots of the war — we are assisting where we can and monitoring closely
- Bumper will be represented at a number of conventions — See Events below
- Bumper Testnet version to ‘paper trade’ Bumper
- Smart Contract Audit completion — will require longer time and more senior auditors due to complexity
- CEX listing
- Appoint Market Maker
- PUBLIC LAUNCH
Coding, coding, coding!
We’re sprinting towards an internal deadline for code completion this month, which is very much on track. Once we hit this milestone, the focus will shift to testing and optimisation of all aspects, including gas usage and ensuring full test coverage, improving simulation outcomes, and user testing / bug fixes for the front-end… you know, the boring stuff!
We have completed several new features and enhancements in the protocol build that were mentioned in our recent tech update, including Bonding, Governance (the scope of which is now greatly expanded), an enhancement to improve transaction security when interacting with external smart contracts. We’re also nearing completion of the Simulation, with development ongoing for our refactor, test harness integration, and final components. Let the games begin…
Sizing Up Your Staking Rewards
A new “Staking Calculator” has been developed and is now in testing, based on a strong desire from the community for an easier way to calculate staking rewards. Remember, just like an Alexa… we’re listening. This will be deployed shortly to allow users to get a sense of what BUMP rewards they can earn if they opt for staking, along with several minor enhancements to the existing front-end.
You can read more about development in our latest tech update on Discord.
Our search for new quality team members is moving forward well. We’ve conducted more interviews and generally-speaking the quality of candidates has greatly improved with our new hiring system. We’ve also added a behavioural test to the process to provide us with the belt and braces we want.
Current roles still up for grabs as follows:
- Senior Operations Manager
- Senior Solidity Engineer
- Head of Community
- Content Manager
See them all here: https://www.bumper.fi/careers
We’ve hired a Support Engineer and are now keeping on top of support queries so it should be noticeable in terms of frequency, and pace to resolution. The best place for support is firstname.lastname@example.org but we’ll increase support to other social media platforms in due course.
UI is getting a makeover and is feeling waaaaayyy more committed to our original concept than the current UI. We are still completing the design concepts before creating a proper style guide and expect it to take 1.5–2 weeks for implementation on the front-end. Here’s a little teaser… it’s not finalised but you get the idea.
UX is being improved and we’re adding a ‘Markets’ page where all assets will be in one place with various metrics for ease of viewing. We are yet to build out a full stats page but always keen to hear about the kind of metrics the community want to see.
Epoch #08 results were pretty decent at 12.35% but they were quite uninspiring in epoch #09 at 1.31%. This is consistent with some low Yearn yields during that period. Perhaps everyone’s buying the dips…?
Discussed in Office Hours here:
The Future of Community is…
We’ve been reviewing our content and community growth plans over the last couple of weeks and something that came out of that was better sharing of our content to community. It’s all well and good writing great content, but if it doesn’t make it easy for our community to feed back and provide input then it’s not doing its job.
So we’ve had a rethink regarding our community channels, mainly Telegram and Discord and their future.
There is only one winner, well two if you count community. Read on to hear our plan.
If you want to help us drive community engagement then we have our Head of Community role open, if it’s your kind of thing.
Community Dialogue — Team ‘After Hours’ AMA
Following the past couple of Office Hours sessions the co-founders have jumped into Discord to answer any questions that have come up during the live stream, or any other burning questions.
This is your chance to ask the team directly, give us feedback and feed into your protocol. Let’s hear you!
Also, let us now if there’s anything else you’d like to see from us. More long-form content? Market volatility commentaries? Quizzes and fun stuff?
If you’ve checked out recent Office Hours videos you will have seen we’ve got chapter markings now so you can jump to topics that are most interesting to you.
Press / News / Events
The next Bumper Office Hours Update will be live on Youtube at 10am UTC 03/03/22 — make sure you subscribe to Youtube to get an alert when we go live.
[Interview] — Crypto Coin Show Interview with Gareth Ward, Co-Founder and COO of Bumper — https://www.youtube.com/watch?v=j9w0W85TfB4
[Convention] — BTC 2022 — April 6–9
[Convention] — Permissionless — May 17–19
[Convention]- Consensus — June 9–12
[Convention]- Token 2049 — September 28–29
Bumper protects the value of your crypto using a radically innovative DeFi protocol. Set the price you want to protect and if the market crashes, your asset will never fall below that price. Importantly, if the market pumps, your asset rises too.
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