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Bumper Sitrep #017

Bumper Sitrep #017

KEY TAKEAWAYS

1. Bumper at Consensus
2. Crypto Defender
3. Launch Delay

Stand by for Bumper Sitrep #017.

Bumper Numbers

Circulating Supply: 25,765,218.1 (10.31%)
BUMP price: $0.0463
24h Price Change: -4.47%
7day Price Change: 12.4%

Fully Diluted Market Cap: $11,575,355
Circulating Market Cap: $1,192,929.60

Staking Total: 16,102,297.3418 BUMP
Epoch #14 Results (APR): 0.00%

As at June 2, 2022

Bumper at Consensus

As you will be aware, Bumper has been at a number of the top crypto shows this year, and from the 9th — 12th June we are a sponsor at arguably the biggest show in town, Consensus, in Austin Texas.

If you are there, come and join us on Stand 604, and meet some of the team along with our very own Ferris Bueller as we introduce the world to Bumper and invite them to ‘Take the Day off’ from thinking about the crypto price with our unique price protection dApp.

We also ran a competition to give one lucky winner 2 tickets to the show (a prize worth over $3000) and we are happy to announce the winner, who goes by the Twitter handle @CryptoowlX, will be headed to Consensus 2022 courtesy of Bumper next week. Thanks to all who entered!

Crypto Defender

What’s going to make Consensus even more interesting is we are going to be unveiling our very excellent take on a retro arcade game, as we let delegates play with Crypto Defender.

Bumper Crypto Defender game

It’s not quite a platform shoot-em-up, but it allows players a chance to save the world (well, their own virtual Wallet anyway) with our sleek game, based on the actual Bumper dApp.

Crypto Defender has been designed to use real market data to simulate a price protection position being taken, and essentially gives players a great understanding and a preview of the dApp.

Everyone at Consensus is invited to come and play, and defend their wallet from downside volatility, with the greatest combatant winning an absolutely BODACIOUS prize.

And even if you can’t get to Consensus, you will be able to play too! Stay tuned to our Discord to find out how!

Launch Delay

At our Office hours last week, we made the announcement that there are going to be some delays with launching the protocol.

Whilst we know this may be disappointing to many of our community who have been looking forward to the release, there are so many good reasons for this, and this was not a decision which we’ve taken lightly.

Firstly, due to the voluminous Bumper codebase, our auditors do require additional time to pour over the code, which has meant the need to push back the originally planned launch date we were hoping for at the start of June.

To illustrate the sheer size and complexity of the protocol, here’s some stats comparing Bumper’s codebase to other leading DeFi projects:

Comparison of lines of code Bumper versus other top DeFi protocols
Comparison of lines of code in top DeFi protocols
Comparison of number of contracts. Bumper versus other top DeFi protocols
Comparison of contracts in top DeFi protocols
Quote from Bladerunner: “Talk about beauty and the beast. She’s both!”

Secondly, after the collapse of the Terra ecosystem this month, there is very much a sense of bewilderment amongst crypto hodlers over how something like this could happen, and that sentiment has given us pause to just slow down and double and triple check everything.

As the newly announced delays to the Ethereum merge demonstrate, it is much better to be slow and steady to win the race, and we feel that this is the right course of action.

The feedback we’ve received from the community has very much been supportive of this stance, although we understand the frustration of many who were hoping to see the protocol go live in June.

Quote from Garbage Pail Kids film: “Patience is a bitter vine, but it bears sweet fruit”

Further details and announcements will be made soon on updated launch countdown.

Development Progress

Work continues across all streams (Web2, Web3, Design) with some of the latest development updates include:

  • Version “0.9” (Auryn release candidate) remains under security review from our busy auditors, with some issues identified and patched.
  • Web2 team continue work on the withdrawal features for our protect and earn flows, as well as making our asset pages more consistent.
  • Our simulation continues to be enhanced, now with those additional features from the Web3 stream being added.

You can check out the latest Tech Updates on the #Development channel in our Discord here or on the Bumper Blog here.

Office Hours

Our next Office Hours live stream will be taking place on Thursday, 9 June 2022 at 10am UTC: Make sure you’re subscribed to our channel to get an alert when we go live.

Watch the full live stream of our previous Office Hours session on Youtube, which we covered a range of topics including:

Press / News / Events

Bumper will be at the following upcoming Expos and conferences:

[Convention] Consensus — June 9–12.
[Convention] Token 2049 — September 28–29.

About Bumper

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.

Stay Connected to the Bumper Project:

Join our Discord — https://discord.gg/YyzRws4Ujd
Follow us on Twitter — https://www.twitter.com/bumperfinance
Visit our Website — https://bumper.fi

DISCLAIMER:

Any information provided on this publication is for general information purposes only, and does not constitute investment advice, financial advice, trading advice, recommendations, or any form of solicitation. No reliance can be placed on any information, content, or material stated on this publication. Accordingly, you must verify all information independently before utilising the Bumper protocol, and all decisions based on any information are your sole responsibility, and we shall have no liability for such decisions. Conduct your own due diligence and consult your financial advisor before making any investment decisions. Visit our website for full terms and conditions.

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