Bumper protocol is growing steadily and proving its use case both for protection against downside and also trading opportunities. We’ve seen some especially good trades with market swings allowing accumulation of assets.
Of late, our focus externally has been on building on partnerships and integrations along with grants to both gain exposure and progress development.
Protocol development continues with both interface updates and fixes and improvements to rebalancing through AI.
We’re excited to announce that we’ve been awarded a Grant from the Arbitrum Foundation.
The Arbitrum Foundation Grant Program supports builders with funding for growth. All grants issued through this program will serve to improve the adoption of Arbitrum chains, create stronger technical structures, and build sustainable communities in the Arbitrum ecosystem. We’re hoping this will help embed us further into the Arbitrum ecosystem and open up opportunities. More to come on this announcement.
Following community feedback we’ve implemented the express strategies on the homepage of the dApp. These allow easy entry into a 99% 7 day wBTC position and a USDT, 30 day, Risk Tier 3 Earning position.
We have also moved the Hedge & Earn sections onto separate pages to allow users to have more focussed control over the parameters of their position. With this change we also introduced an updated price chart with floor and ‘profit’ lines for users to aid their decision making.
There have been a few discussions both internally and in the community about how the risk for an Earn position is shown in the dApp. We’re working on an updated visualisation of this to illustrate it better which you might have seen visuals of in Discord.
Let us know what you think, and any other interface development you’d like to see.
There are some interface and process bugs which we’ve been notified by we’re currently working on solutions for.
These include:
R&D at Bumper has focused on working through various AI models, from traditional machine learning to advanced Large Language Models (LLM). We have settled on the use-case of Sentiment Analysis using a pre-trained LLM that ingests vast amounts of financial NLP data to broadly categorise sentiment into a nuanced understanding. The LLM would be fine-tuned to utilise Bidirectional Encoder Representations from Transformers (BERT)to label opinions with particular training on financial vocabulary.
With its unparalleled language processing capabilities, the AI model would be designed to unlock new capabilities by extracting meaningful insights from vast amounts of financial data. This does, however, present challenges to control for bias & false signals when ingesting vast data sets.
Further challenges revolve around the integration with the current architecture of the Bumper protocol. Bumper’s rebalancing mechanism is inherently ‘reactive’ and not ‘predictive’ so integrating a predictive AI-based module provides for a very difficult challenge. We will provide an update when we’ve made more substantive advances in design integration.
We’ve been having in depth conversations with several research outfits recently and these have resulted in a series of reports which we’ve posted about on X. These reports have put Bumper in front of a much larger audience. If you haven’t already, check them out:
Coinbureau - https://coinbureau.com/review/bumper-review/
Reflexivity - https://www.bumper.fi/post/reflexivity-research-highlights-bumpers-innovation-in-defi
Revelo (requires membership for full report) - https://revelointel.substack.com/p/bumper-ai-powered-volatility-protection
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
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.
