Farming Rewards Better than Yearn
With the launch of our staking program we rolled out some updates to the rewards received from depositing USDC into the Bumper protocol.
Although we’ve updated the content on the website, we thought it’d be good to put together a short article directly addressing the changes.
The first question to answer is ‘Yes, you will still earn USDC if it’s deposited in the protocol’. However, you will no longer receive BUMP tokens. This is a reward you can currently only receive from the Staking program. USDC rewards remain though. So it’s just like earning interest you would for depositing into Yearn. In fact, it’s even better than that because for the time being we’re not only passing through the Yearn yield for your deposit, but also bonus interest… on us! This will deliver a ‘better than Yearn’ return.
You can see the current APY on the Yearn website.
Otherwise, the rules are the same. Rewards are paid after each 2-week epoch. Deposits made before the start of the epoch, which remain in the protocol for the full 2-weeks will earn rewards for that epoch.
The deposit data will be audited on the Friday following the end of the epoch and then rewards will be claimable by the following Tuesday.
You can claim your rewards at any point from within the dApp.
Check out previous epoch yields in the dApp on the Epoch page
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: