📢 Bumper Update 📢

Our site is back to normal! 🚀

The recent issue was due to Arbitrum updating the USDT symbol to USDT0, which caused a temporary disruption. This was a legacy issue that the team has now resolved.

For now, we will continue using USDT (legacy symbol) to avoid further disruptions, as migrating fully to USDT0 will be a time-consuming and complex process.

Thank you for your patience, and as always, stay Bumper! 🚗💨

Bumper Update: Addressing the Protocol Issues over the Holiday Period

We want to provide transparency on the issues raised around premium spikes and their impact on both Takers and Makers during December. Here’s where we’re at:

Assessment in Progress:
We are actively compiling a list of affected accounts via support emails to understand the full scope of the problem. If you haven’t already, please reach out via creating a ticket in Discord #support channel.
Please note the premium issue appears to only have affected a single user with two open positions only. Naturally, we will settle this matter via support correspondence.
We are currently doing a deep-dive into the reasons but at this stage cannot see anything untoward but merely a state of balance that required premium increases. This may very well be due to the levels within the protocol not yet surpassing what we call the “steady state” period.

Takers:
For Takers affected by excessive premiums, we are working to:
- Reimburse the excessive premiums.
- Assess overall positions to establish a fair policy over the matter.

Makers:
We’re analysing the drawdowns and require more time as this is a more complicated issue.

Next Steps:
Once we’ve reviewed all data, we will finalise a plan and communicate specific resolutions to those affected, and summarise to the community the solutions we provided. In the meantime, please continue to send your support inquiries if you’ve been impacted.

Office Hours:
We will host an Office Hours session later this month to provide updates and answer community questions directly. Details will be announced next week.
Thank you for your patience as we work to resolve this. We remain committed to ensuring fairness for all users and restoring confidence in the protocol.
Feel free to reach out with any questions or concerns, and we’ll do our best to assist.

Best,
The Bumper Team

Bumper Announcement

We’d like to share an update regarding recent developments in the protocol:

- The protocol is working as designed. The Maker pool in the WSTETH market has suffered some large claims recently. The protocol has now increased the premium rates to bring more USDT to the capital pool.
- Unfortunately the early stage of the protocol growth means these claims have affected the balance of the pools in a way that has forced the protocol to increase the premiums and reduce yields to negative levels.
- We have implemented some Christmas Day fixes that include some parameter changes to bring the premiums down for those users currently affected.
- If you have been affected by the high premiums in the past day or so then please email support with your wallet address and we’ll look into it.
- Likewise the Makers for the WSTETH market have suffered some drawdowns due to the claims. Again, this is expected but has been exacerbated by the realities of the early growth period.
- If you are a Maker that has been affected by the very negative yields over the past day or so then please email support with your wallet address and we’ll look into it.
- We have also decided to pause the ability to deposit into the WSTETH market for Takers until we are satisfied the changes have achieved their desired effect.

Thank you for your understanding and patience during this time. Further updates will be provided as more information becomes available.

With $2B in #Bitcoin on the move from Mt. Gox, market volatility could be around the corner. ? Perfect time to consider Bumper for securing your $BTC gains while staying protected against the downside. Stay prepared! ?

https://x.com/bumperfinance/status/1853701446199632032

? Community Update: Consolidating BUMP Markets ?

Hey everyone!

We want to keep you in the loop on an upcoming change to our exchange listings. As part of our effort to consolidate and streamline BUMP’s market presence, we’ll be delisting from BitMart on November 8th. Rest assured, you’ll still be able to trade BUMP on MEXC, where our token remains actively listed.

To make this transition smooth:

If you have any BUMP on BitMart, please cancel any open orders and plan to withdraw your tokens before January 8th to avoid any issues.
We’re here to answer any questions, and thanks for your ongoing support as we take this step to enhance our market positioning.

Read the full info here: https://support.bitmart.com/hc/en-us/articles/30629182367771-Announcement-on-the-Delisting-of-BUMP

? BTC just broke $70k! ? ?

With all this momentum, now’s the perfect time to secure your gains!

? Preserve your $BTC with Bumper’s volatility protection:
✅ Protect against downside while staying open to upside
✅ Earn on your stablecoins at competitive rates
✅ Easily track PnL metrics to monitor your position

Don’t miss out on the upside while keeping your #Bitcoin secure!

https://x.com/bumperfinance/status/1851058114344468645

Check out the insightful report CoinBureau wrote about Bumper, highlighting how our platform simplifies and enhances trading experiences.

https://www.coinbureau.com/review/bumper-review/

The key to generating wealth in crypto trading is a simple, effective strategy paired with solid risk management.

Successful traders rely on their technical analysis to predict market direction and make informed decisions.

Enter Bumper, a tool that facilitates and trading position with built in risk management that helps you win whichever way the market moves.

- If prices rise, you realise the gains.
- If prices drop, your value is protected and you unlock an opportunity to buy the dip - accumulating in the process.

Spread the word: https://x.com/bumperfinance/status/1801541826463027287

What makes a master trader in Crypto in a world of flawed tools?

- Master the art of patience and research.
- Maintain emotional control.
- Avoid chasing hype; follow your strategy.
- Stay informed with market trends and news.
- Stay disciplined in your trading approach.
- Master risk management

But let me ask you a question? Why are we focused on mastering trading with flawed tools?

A position on Bumper is unique because:

- If prices rise, you realise those gains.
- If prices drop, your value is protected and you earn an opportunity to buy in at lower prices.
- We've built a new way to trade that helps traders become more successful by always trading with a protected price floor.

Lock in profits, Buy the Dip, Win whichever way the market moves.

RT: https://twitter.com/bumperfinance/status/1800440544625111047