On December 11 2024, Bumper Finance co-founders Gareth Ward and Jonathan DeCarteret joined Arbitrum Core for a live AMA on Twitter Spaces. The session explored how Bumper is redefining DeFi with a unique blend of technical sophistication and user-friendly innovation. Here are the highlights of the discussion.
Jonathan described Bumper as “one of the most complex DeFi protocols on Arbitrum,” owing to its highly advanced network of interacting smart contracts. Built from the ground up to address the shortcomings of traditional options, Bumper provides traders with a modern, decentralized way to hedge assets like Bitcoin and Ethereum.
“We’re rethinking risk management with dynamic, decentralized solutions that make protecting assets simple, personal, and cost-effective,” said Jonathan.
This level of complexity ensures a robust protocol capable of delivering what many in the DeFi space have yet to achieve: a seamless balance between efficiency, flexibility, and accessibility.
Bumper’s innovative features cater to both new and experienced users, offering a fresh take on crypto risk management:
Jonathan highlighted: “You don’t need to understand complex options or financial models. Bumper simplifies risk management into a process that anyone can use effectively.”
Bumper’s migration to Arbitrum was a game-changing decision driven by the network’s scalability and low fees. Initially launched on Ethereum, the protocol encountered high gas costs that limited accessibility.
“On Ethereum, opening a position could cost $50 to $80, making it impractical for smaller traders,” explained Gareth. “Arbitrum slashed transaction costs by 99%, making Bumper accessible to everyone.”
Arbitrum’s reputation as the “financial chain of crypto” and its strong community further cemented its role as the ideal home for Bumper.
The $BUMP token plays a crucial role within the Bumper ecosystem, aligning the interests of users and token holders:
Jonathan elaborated: “$BUMP is central to the protocol, creating alignment between token value and usage. As we grow, its utility will only deepen.”
Looking ahead to 2025, the team outlined several exciting developments:
“We’re transitioning from build mode to growth mode,” said Gareth. “It’s time to let everyone know that Bumper is here to reshape how traders protect their assets.”
Bumper offers a groundbreaking alternative to traditional options and stop-loss strategies. By leveraging pooled liquidity and dynamic pricing, it provides a fair, efficient, and user-friendly solution for managing crypto volatility.
Jonathan summarized: “Whether you’re a retail trader or an institution, Bumper equips you with the tools to hedge risk, protect gains, and navigate volatile markets with confidence.”
Ready to explore Bumper? Visit app.bumper.fi to start hedging your assets today.
Missed the AMA? Listen to the replay here.
Bumper is a groundbreaking DeFi protocol designed to help you manage crypto market volatility. Set a floor price for your asset, and if the market drops, Bumper ensures your value remains above that floor. Meanwhile, if the market rises, your asset continues to grow — giving you the best of both worlds.
Stay Connected:
🔹 Join our Discord — discord.gg/YyzRws4Ujd
🔹 Follow us on Twitter — twitter.com/bumperfinance
🔹 Use the app — app.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.
