BUMPER
Business Summary
Bumper protects crypto assets against negative price movement when they are deposited by Takers, who are returned a tokenised version of the asset with the down-side volatility risk removed. The price risk is transferred to the opposing side of the market where Makers supply an alternative cryptocurrency that has a lower volatility; typically, a stablecoin. Both the protected asset and the stablecoin deposited by Takers and Makers are held by the protocol in pools. Stablecoins are at risk for the benefit of Takers in the event of certain negative price events, and Taker assets incur a variable premium in the native asset for the benefit of Makers. Both the volatile cryptocurrency and stablecoin pools are partially subordinated, allowing actors to engage with the protocol according to their individual perspective on future price behaviour of the protected asset. Source: Crunchbase
Country of Incorporation
United Kingdom
Incorporation Date
-
Business Sector
Software & IT Services
Company Address
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