DeFi protocol Bumper Challenges The Options Market With Fresh Perspectives On Risk Management
London, UK, 28th February 2023, ZEXPRWIRE, As the crypto industry grows and matures, it has become increasingly clear that the highly volatile nature of cryptocurrencies has created a demand for a flexible and dynamic approach to risk management, and traditional hedging strategies may no longer be adequate for such an emergent and “always on” asset class.
Whilst options desks have been firmly established as the de-facto risk management tool for investors in traditional financial markets, the fact remains that the underlying concept of put options as a tool for hedging has changed very little in the last 50 years.
Although the crypto world has seen the emergence of some dedicated options platforms, these are mostly carbon copies of the same options trading desks found in the traditional finance world, and many users see them as highly complex.
Now, DeFi platform Bumper is throwing down the gauntlet to challenge the might of the traditional options desk with an innovative solution for permissionless risk trading in the crypto market.
Instead of pitting buyers and sellers in a combative, zero-sum match where nobody even needs to own the underlying asset, Bumper provides a form of volatility protection for the discreet crypto assets held by its users.
Furthermore, Bumper is designed to afford retail investors with a simple interface for instant risk management that requires no sophisticated knowledge, and an equally efficient yield-generating engine. Economic modeling simulations of the protocol, using many years of actual price data, show that Bumper is outperforming competitor options desks, including during protracted downtrends and Black Swan events.
But what’s really innovative is how premiums are calculated, not based on historical or implied volatility, but on actual market conditions – something which is simply not available on traditional options desks. In other words, premiums are based on how volatile the market is, not what it might be.
“Developing such a radical idea has taken significant time and persistence” says Co-founder and Chief Marketing Officer Jason Suttie. “The sometimes extreme volatility in the crypto markets is the main cause of aversion for potential investors and options desks are simply too complex and arcane for many. Bumper changes all that, with a really straightforward product offering in the form of price protection”.
The company is now counting down to launching what it believes to be a groundbreaking protocol that challenges the very heart of the aging options desk, and are today launching a Liquidity Mining program via the decentralized Uniswap v2 exchange in advance of their imminent launch.
Under the program, liquidity providers supplying the Uniswap decentralized exchange (DEX) will be eligible for a share of a 1.82M emission of the protocol’s native BUMP token, which users are required to hold and ‘bond’ to open protection or earning positions using Bumper.
Suttie goes on to say “Bumper will be a simple, frictionless and cost-effective vehicle for value protection on the one side, and a means of steady yield generation on the other.This program offers an unparalleled opportunity for DeFi enthusiasts to be rewarded for supporting Bumper in advance of the protocol’s launch”.
ZEX PR Wire offers massive Press Release, News, Authored Articles, Editorial services, geared at generating massive exposure for your unique project, business, or concept.
ZEX PR WIRE is a premium press release distribution provides end-to- end solutions to produce, optimize and target content and then distribute and measure results. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, ZEX PR WIRE serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions.
Disclaimer: ZEXPRWIRE is a newswire distribution network. Articles and other content published by ZEXPRWIRE are the legal responsibility of the author and ZEXPRWIRE accepts no liability for the content of such material. ZEXPRWIRE publishes content for informational purposes and makes no representations regarding, recommendation or invitation to engage in, any form of financial or investment activity, and does not endorse the content of any material published.
ZEX PR WIRE allows users to submit their press releases through our online platform. Once submitted, our team reviews the content for quality and relevance. Upon approval, the press release is distributed to our extensive network, including major news outlets, industry-specific publications, and online platforms.
You can streamline the distribution process while still benefiting from human oversight. This ensures that your press releases meet quality standards, increasing the likelihood of media coverage and enhancing your brand's visibility.
ZEX PR WIRE accepts a wide range of press releases, including product launches, company announcements, event promotions, new partnerships, industry insights, and more. However, we do not accept press releases containing offensive or illegal content. For more information on this please visit https://zexprwire.com/editorial-guidelines/
Pricing for using ZEX PR WIRE varies depending on the distribution package you choose. We offer different plans to suit various needs and budgets. For detailed pricing information, please visit https://pr.zexprwire.com/pricing
You can view the total number of site submissions, status for each submission (live/pending), hyperlinks for each live PR, details pertaining to your package and number of press releases remaining, and view count for each live PR through third-party tracker integrations. (You may change the content according to what we provide in analytics).
ZEX PR Wire operates between 10AM to 7PM IST. During these hours, press releases may be distributed immediately after editorial approval of the press release. Otherwise, it will be published the next day. Additionally, several publications might require more than one day to be completed.
It generally takes 24- 72 hrs to publish the press release and generate the report
Yes, ZEX PR WIRE allows you to schedule the distribution of your press release for a specific date and time. This feature enables you to plan your PR campaigns strategically and ensure that your news reaches the right audience at the right time.
If you have any further questions or need assistance, you can reach out to our customer support team through direct Whatsapp ,chat on the web or can write to us at [email protected]. We are available to help you with any queries or concerns you may have.