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Bumper Sitrep #019

Bumper Sitrep 019

KEY TAKEAWAYS

1. Audit Update
2. Crypto Defender Winners
3. New Roles
4. Bumper Partners Updates

Bumper Numbers

Circulating Supply: 29,084,754.3 (11.63%)
BUMP price: $0.02414
24h Price Change: -7.2%
Fully Diluted Market Cap: $6,035,000
Circulating Market Cap: $702,105.97

Staking Total: 16,728,024.98 BUMP
Epoch #17 Results (APR): 4.45%

As at June 30, 2022

Before we begin …We’d like to get to know you better

There has been a lot of market movement these past weeks, which helps highlight the need for Bumper’s protection against volatility more than ever!

As we move toward release (soon!) We’d love your help with evaluating where we are and making sure your voice is heard.

Please help us to better serve the community by taking literally 1 minute to answer a few questions relating to how you feel about DeFi, and your expectations around using Bumper, and of course feel free to give any feedback you like too.

Open the survey.

Thanks in advance….Now, standby for Sitrep #019

Audit Update

We are pleased to announce that we have had our interim smart contract report back from the auditors, which presents in detail their findings.

Our engineering team is now sifting through the findings to understand what the fixes are. The good news is that for such a huge codebase, it appears that the configuration overall was pretty good.

As CTO Sam Brooks highlighted in last week’s Office Hours, the majority of the findings are what we might classify as ‘edge cases’ (essentially they refer mostly to extreme situations or non-standard events which generally fall outside the bounds of normal operation).

I said an “edge” case

Crypto Defender Winners

Our Crypto Defender competition results are in and the winners are, known to the world only by their Hall of Fame initials were:

A M I — Galaxy Ranger — $1000 USDC prize
F A R — Marauder — $500 USDC Prize
T O U — Space Cadet — $250 USDC Prize

We also awarded $50 in USDC to each of our top social sharers who were (in no particular order):

@Mjunko1
@UemdsonJ
@nunez_julian
@ChristerThomas2
@0xEscanor

We have contacted all winners, and asked each to get in touch with their details by Saturday 2 July at 12pm UTC.

If you missed Crypto Defender you can still play it even though the competition has ended… so you won’t win any RAD prizes, but you can revel in reaching the top of the Hall of Fame and claim bragging rights.

Play crypto defender and experience the Bumper dApp in game-mode.

New Roles

Bumper is hiring, and we are looking for cream of the crop talent to join our Business and Engineering teams:

Our currently open vacancies:

ENGINEERING TEAM

BUSINESS / OPS TEAM

If you are interested in applying for any of these roles, please send your CV and a cover letter (indicating which role you are applying for) to careers@bumper.fi.

You can also find out what it’s like to be a part of the Bumper team here.

Bumper Partnerships

We’re currently in the process of discussions with other protocols about potential partnerships, specifically focused on integrations.

We’ve also been keeping a close eye on the development of our existing partners too.

MetisDAO have just released their 2H-2022 Roadmap, which outlines their new Smart Layer-2 Architecture, Matrix Reputation Power System and how they plan to implement Decentralised Autonomous Companies (DAC’s).

If you weren’t aware, Panther Protocol is an end-to-end solution that restores privacy in Web3 and DeFi and provides financial institutions with a clear path to compliantly participate in DeFi, and we entered into a partnership with Panther Protocol back in October 2021.

We’re very pleased to announce Panther Protocol CEO Oliver Gale will be joining us on our Office Hours livestream on July 21, and are looking forward to him joining the Bumper co-founders on the Livestream.

If you have any questions you’d like to pose, please visit this page and ask away.

Development Progress

Work continues across all streams. Latest development updates include:

  • Engineering team working through the audit report, creating a roadmap for updates and bug fixes.
  • Preparing to move from Dev to Staging environment.
  • Working on internal rebalancing and economic modelling simulations.

View all the development 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, 7 July 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:

  • Introducing ‘Navigator’ our new Community Relations Manager
  • State of the Market — WTF
  • Consensus
  • Crypto Defender — the Winners
  • Bumper Audit Update

Press / News / Events

Some of the latest articles by and about Bumper here:

Want more? Check out our Medium publication and the Bumper Blog

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 Bumper:

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.

Read on Bumper blog here.

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Bumper

Bumper

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