Bumper - $BUMP

Code Review - 04/18/2021

Marcus Kelly avatar
Written by Marcus Kelly
Updated over a week ago


Bumper is a Defi price protection protocol built on Ethereum by providing smart contract functionality for Takers of protection to operate diametrically to Makers of Liquidity, Protected positions incur a floating daily premium that is used to incentivize makers who deposit stable coin into liquidity reserves.

Bumper looks interesting and in a way provide Stop loss feature that is managed on-chain using a decentralized protocol that facilitates the price protection by charging a fee and providing rewards to liquidity providers that enable the protection. But the protocol is in very early stages and with this protocol the liquidation mechanism is going to be critical and needs to be vetted and battle tested for a variety of attack vectors. We need to wait on this until further progress.

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