Most bodacious greetings dudes.
It’s been a hella busy month since our last Sitrep, and we’ve loads to get into. As usual, we’re gonna motor through the big picture and give you all the links you need if you wanna dive in further.
Bumper Numbers
Circulating Supply: 78,249,995.1311
BUMP price: $0.06262
Price Changes: 24h: -2.72% 7d: -2.8% 14d: -0.3% 30d: +15.4%
Fully Diluted Market Cap: $15,655,000
Circulating Market Cap: $4,900,014
As at May 25, 2023
The Big Reveal
On May 9, we revealed what everyone’s been waiting for, the Bumper roadmap. This included every milestone we’ve got planned, right up to and including the major question — ‘wen Launch?’
So the long and short is that Bumper’s mainnet will be live on August 1, 2023.
We also revealed a number of other dates in our timeline too, including CEX listing, DAO launch, and what’s happening with our legacy staking and liquidity mining progs going forward. More about that below…
The reveal was part of a livestream with the C-team, but if you prefer to read, check out the blog release here.
Liquidity Mining Program
Our liquidity mining program is now on Epoch 13 of 13, but we’ve got major news for those already earning — we’ve decided to extend the program for another 13 epochs, although the rewards will be reduced down to slow down emissions of the BUMP token.
More about that coming very soon, so watch out for updates on the Blog and in the community Discord server.
But if you want in, all you have to do is provide liquidity to the Uniswap v2 BUMP/USDC pool, and then deposit your LP tokens to the Bumper LM dApp
Wanna party? Check out how here.
Bumper DAO
More big news — The Bumper DAO is now live. Stake your BUMP in order to get vBUMP voting power (there’s some seriously gnarly bonuses for locking too) which lets you take part in the process — and you’ll soon be able to earn rewards doing it.
Wanna get the 411 on the DAO? Check out these dudes talking about it in our last Office Hours livestream, or get all the deets here.
We’ve got full guides on how to do everything in the DAO on our Gitbook page.
Simulation
Our sim report, the culmination of many months of data analysis, and more than 1.21 Gigawatts of number crunching is finally ready to be released, and it will be made public on May 31.
This will be the first time the world gets to see Bumper backtested using real, multi-year price data. You’ll see how the protocol performs against existing options desks and of course (the now 50-year-old) Black-Scholes formula which underpins the $13 Trillion (yes you saw that right… with a T) options market.
Once you see this, you’ll realise why Bumper is absolutely the future. Stay tuned. The report will be dynamite.
Legacy Staking
Our legacy staking app is being deprecated, and we’ve initiated a global staking unlock for all users who are still in the protocol.
So, get yer tokens out, and remember, you can stake in the DAO to earn rewards in the not-too-distant too.
Get the lowdown on what’s happened here.
Office Hours
Watch the full live stream of our previous Office Hours session on Youtube.
Interesting Content
Here’s some of our latest popular content, tackling a whole range of issues in crypto, DeFi and the wider market…
- Features of the Bumper DAO
- After 50 years, is Black Scholes ready to retire?
- Introducing the Bumper DAO
Want more? Check out our Medium publication and the Bumper Blog — and do watch out for many more YouTube videos too.
So that’s it for this roundup. Loads packed in, and we look forward to being able to give even more juicy Bumper goodies in the next one…
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
