Bumper

2023

November 17: Multiple updates

• Arbitrum Migration
• Launch with 4 new markets
  • $ETH-USDC
  • $wstETH-USDC
  • $wBTC-USDC
  • $LINK-USDC
• $stETH market launched
• Position cancellations
• New trading UI

October 26: Smart contract audit report published on Gitbook

October 26: New features released

• New 7, 14, and 21-day terms for locks.
• Higher price floors at 96%, 97%, 98%, and 99%.
• Estimated premiums are viewable.

September 26: Post-launch technical updates

September 24: Integration with blockbank wallet

• A cutting-edge fintech solution that seamlessly integrates multiple financial services into one convenient platform.

September 7: Bumper launches on mainnet

• As a launch incentive, there will be zero protocol fees and huge rewards for early adopters.

September 2: Testnet deployment on Sepolia

• Users can now try out the Bumper dApp on the blockchain using test tokens, and see the actual protocol working live.

August 30: Mainnet launch delayed

• The initial launch date of August 31 was delayed.
  
• A need to run comprehensive additional tests now the code has been patched from the audit results.

August 8: Bumper Prototype released

• The prototype is a demo product to give users an understanding of how the protocol works and the user experience.
  

July 2: Partnership with The Defiant.

• The collaboration with The Defiant guarantees a prominent presence across a myriad of Articles, Newsletters, Trend Reports, and News Videos on YouTube, and The Defiant’s highly acclaimed Podcast. 

May 19: Bumper DAO launched.

• Bumper’s governance model utilizes staked BUMP.

May 15: Global Unlock of Bumper’s Legacy Staking Contract.

• As part of their roadmap towards the mainnet launch of the protocol on August 1, 2023, Bumper is announcing the closure of their existing staking program with immediate effect.
• The majority of users who were staking in this program took fixed positions (up to 90 days) to earn a bigger share of the rewards, and Bumper has now implemented a global eject feature that will allow users to instantly unlock their tokens, claim rewards and return them to the wallet.

May 9: Launch date revealed.

• Bumper version 1.0 “Auryn” will launch on 1 August 2023 on the Ethereum blockchain.

February 23: Sitrep #29.

• Changes to the staking contract
  • Previously, this contract was emitting 5,000 $BUMP tokens per day. From March 1, 2023, the module will emit only 500 $BUMP per day.

February 20: Bumper Liquidity Mining Program.

• The liquidity Mining program will begin on March 1, 2023.
• This program rewards users providing DEX liquidity (BUMP-USDC pair) into Uniswap v2, issuing BUMP rewards to users who then deposit their Uniswap LP tokens into the Bumper dApp.
• A total of 1,820,000 $BUMP will be made available to Liquidity Mining program participants, split equally across each epoch. This means 140,000 $BUMP will be emitted during each epoch, proportionally shared based on the total amount of LP tokens deposited in the program.
• Participants have the ability to stake and unstake at any time, with no minimum lockup period.
  

February 7: Appointment of Digital MOB.

• Digital MOB has a reputation for being a collection of exceptionally capable blockchain and web3 experts, with a history of working with some notable names in the DeFi sphere.
• Working on building out the protocol with a target release date set for mid-Q2.

2022

December 7: Bumper Epochs closure.

• Closing down obsolete programs to enable the restructuring of Bumper’s smart contracts and codebase in preparation for their mainnet launch.

August 8: Falkor Beta testers application released.

July 11: Roadmap released.

• FALKOR, a testing phase.
  • Conducted in two phases, Alpha and Beta, and will be conducted on a private Ethereum network.
  • The Alpha phase begins July 19, 2022, and is expected to run for around 2–3 weeks.
  • The Beta phase will expand on this, with a wider testing release, again deployed on a private network, and restricted to invited members of our community.
  • Falkor beta will begin shortly after the Alpha stage is completed, with the expectation that we’ll move to this stage in August 2022.
• AURYN, version 1.0 release of the Bumper protocol.
  • Will move from the private network to a public Ethereum network, with unrestricted $ETH protection and $USDC liquidity mining.
  • Staking and arbitrage modules will also be deployed, along with State Keeping, and v2 governance.

June 30: Bumper Sitrep #019.

• Interim smart contract report from auditors.
  • Configuration overall was pretty good.

June 17: Crypto Defender launched.

• Lets the community test drive the Bumper dApp in a game format whilst the team continues towards the forthcoming protocol launch.

May 5: Bumper: Sitrep #015.

• Litepaper released.
• Codelock activated.
  • Moving closer than ever to launching the Bumper protocol.

April 23: New Flashpaper released

• This Flashpaper is designed as a fairly easy read which introduces the Bumper protocol and its functions without getting too much into the technical details.

March 1: Migration of community from Telegram to Discord

• Telegram will eventually become read-only.

2021

December 16: $BUMP token to be listed on Uniswap.

December 9: BUMP staking module alpha released.

• Originally, Staking wasn’t due to feature until Release v1.1, after the main protocol launch.
• Brought forward as a stand-alone module which will be upgraded in the following releases.
• The point of Bumper’s Staking module is to provide $BUMP holders a means to support the protocol without participating as a Maker or a Taker in v1.0 and beyond. Stakers will earn a variable yield, paid in $BUMP, by locking some of their BUMP into the module.

December 7: Partnership with Metis.

• Metis is a Layer 2 protocol for Ethereum.
• The partnership will seek to deliver both fast transactions, and cheap gas prices for Bumper’s user base, as well as enable native access to Bumper’s price protection protocol for the entire Metis community.

December 7: Partnership with InsurAce.

• InsurAce.io is a decentralized multi-chain insurance protocol to empower the risk protection infrastructure for the DeFi community. 

December 6: Roadmap introduced.

• The roadmap is organized into the following tracks:
  • Governance
  • Protocol
  • Integration
  • Technical
  • Economic
    

December 6: Partnership with milestoneBased.

• MilestoneBased is the first company to leverage a blockchain DAO and smart contract escrow in an automated governance and roadmap management platform.

November 30: Public sale date announced.

• $BUMP will now be undergoing its public sale on December 9th with registrations opening on December 2nd utilizing Tokensoft, a Coinbase-backed, KYC compliant token sale platform.
  

October 25: Bumper Passes Chainsulting Security Audit.

• During the audit, no critical issues were found and Chainsulting was happy to give Bumper a solid pass.

October 7: Partnership with Panther Protocol.

• A zero-knowledge, cross-protocol layer protecting your on-chain data and enabling compliant DeFi access.
• Bumper will integrate Panther’s solution to provide users of Bumper’s unique asset protection protocol a “private-by-default” experience, while also enabling them to selectively disclose transactional data with counterparties and institutions whenever they wish.

September 28: Sky Longue announced.

• An exclusive group open to Bumper Sentinels holding 1,000 BUMP tokens or more.
• Members of the Bumper Sky Lounge will receive access to a number of exciting benefits, incentives, and perks.

September 10: Bumper Ambassador Program introduced.

• This program is open to anyone who wants to be part of the Bumper project and can help spread awareness about Bumper.

July 1: BUMP token explained.

• The $BUMP token is an integral part of the Bumper ecosystem, and along with the near-zero slippage engine, reserve rebalancing system, and multiple layers of redundancy, $BUMP tokens further assist in maintaining the resiliency of the protocol.
• On July 14, 2021, the first iteration of the Bumper Protocol will go live with a subset of the planned feature set. This will also provide the first opportunity for early adopters to get their hands on some $BUMP tokens as those that provide liquidity to the Bumper Protocol will be able to not only farm $BUMP tokens, but will be given the opportunity to swap some of their stake for a sum of $BUMP at private sale prices.

June 28: Liquidity program announced.

• From July 14th users will be able to deposit $USDC into the protocol and yield-farm BUMP tokens. While depositing, users will also be given the chance to buy some BUMP at Private Sale. 

May 1: $10m raised from leading VCs.

• This was part of the $2.5m raise on March 18, quadrupling its target in a heavily oversubscribed round. 
• Investment was received from Alphabit, Autonomy, Beachhead, and Chainlayer, amongst others, with a further $30m in interest declined until future rounds, giving Bumper a Fully Diluted Valuation of $120m.

April 20: March recap.

• Pre-Seed funding round of $1.25m.

March 18: $2.5m investment round opened.

March 8: Bumper publishes its first medium article introducing itself.

• Bumper solves the fundamental problem of volatility.