Here at Bumper, we’ve been working on economic simulation of our price protection protocol for some time, feeding in large data sets and complex scenarios, calibrating, tweaking and analysing outputs multiple times over to ensure its robustness and effectiveness before launch.
Whilst the simulation work has not been completed yet, the results we have gleaned so far have already paid dividends, not only in providing insights on the expected behaviour under various market conditions, but also as we’ve been able to use it as categorical validation of the protocol to encourage top tier development houses to work alongside us.
These dev teams are in the enviable position of being able to selectively choose the projects they work with, and early results from our simulation have supported their determination to work with Bumper as a protocol they want to help develop, launch and ultimately be a beneficiary of.
The simulation has also helped the company identify any potential issues and make necessary adjustments before the protocol's official launch.
The simulation has also been used to compare Bumper's pricing to other options in the market, and, according to CEO Jonathan DeCarteret, the results of the simulation demonstrate that Bumper's pricing is both competitive and offers a better value proposition compared to other risk market competitors.
Furthermore, the simulation has also revealed that Bumper's protocol is capable of handling a large volume of transactions, making it a highly scalable option for businesses looking to protect their assets.
Although work on the simulation is continuing, we will soon be releasing simulation results along with reports written objectively by non-affiliated experts, which will provide valuable insights into the potential of the protocol and further solidifying its position as a leading player in DeFi risk markets.
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.
You can keep up with the latest from Bumper by joining our Discord server and following us on Twitter, Reddit and LinkedIn, as well as news and articles on our Blog and Medium.
Watch Office Hours
Watch the entire unedited Office Hours livestream for 19 January 2023 here
Disclaimer:
Any information provided on this website/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 website/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.
