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Bumper is a DeFi protocol that provides price protection for crypto assets. Users can set a floor price to ensure that their assets never fall below that price during market crashes. Additionally, if the market surges, their assets will also rise. Protected positions come with a floating premium based on asset price movements, which incentivizes stablecoin depositors to supply stablecoin into a liquidity reserve and earn a yield. Bumper's native token is used for paying premiums by protection takers, receiving a yield by protection makers, incentivizing all protocol actors, staking to increase protocol efficiency and robustness, and as a governance token for voting on protocol evolutions. Bumper tools include a DApp for selecting protected floors and associated premiums, a DApp for receiving yields as a liquidity provider, a protocol for balancing ratios between takers and makers, and issuing representative bETH and bUSDC tokens. The total circulation of Bumper tokens is 250 million. The founders of the Bumper Protocol are Jonathan DeCarteret (Chief Exec), Gareth Ward (COO), Samuel Brooks (CTO), and Jason Suttie (CMO). Bumper Protocol (BUMP) can be purchased on UniSwap.
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