Bumper Finance

Bumper Finance

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Category: Options
TVL: $211

Bumper


Bumper is an AI-powered pooled risk market for decentralized finance (DeFi). It allows users to protect their crypto assets from price drops. Users can open a position by depositing their asset and choosing a protected minimum value. If the asset's price increases, the user retains their asset and the gains. If the price falls below the chosen floor, the user can exit with stablecoin, preserving the value of their assets. On the other side of the market, users can deposit stablecoins to provide liquidity and earn a yield from the premiums paid by those seeking protection. Bumper utilizes AI for price prediction, sentiment analysis, and technical analysis to enhance protocol efficiency. The platform emphasizes security through rigorously audited smart contracts and comprehensive security measures to protect against various risks, including market volatility and 'Black Swan' events.

Funding Rounds

Funding Round: ICO
Funding Date: 28 Apr, 2021
Raised Amount: $10M

Investors