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Bumper Announces Plans to Protect Asset Portfolios Against Market Dips

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Tallinn, Estonia–(Newsfile Corp. – December 14, 2021) – Bumper has announced the upcoming launch of their innovative price protection protocol that seeks to allay fears of inherent volatility in the crypto market by allowing users to protect the price of their assets while letting them remain viable in on-chain DeFi economies. It allows users a chance to hedge against risk in their portfolio without having to liquidate the underlying asset or leave it on an order book, increasing the capital efficiency and market maturity in the DeFi space.

Bumper hopes its protocol will usher in an era of underwritten DeFi financial products that are fully on-chain and collateralized by the crypto community as a whole. Users paying a small premium will lock in a price floor for that asset which will be sent to the protocol, and the user is then furnished with a ‘bumpered’ asset. This asset, the first offered being bETH, is fully composable and can be put to work in the wider ERC-20 ecosystem. This means that users who choose to bump their assets can keep them decentralised, keep earning yield, and remain capital efficient while guarding against portfolio loss should the worst occur.

To build out the DAO functionality of the community and leverage the blockchain to produce a community-driven asset, Bumper has also partnered with milestoneBased, to use their tools to help $BUMP token holders have their say in the direction of the protocol.

$BUMP must be staked in order to take out protection for an asset, and must also be staked in order to gain yield from staked $USDC that is used to capitalise this protection. Bumper aims to bring both makers and takers of protection into its community and achieve its goal of keeping assets protected, on-chain, and yield-bearing.

Price protection is novel in the DeFi space, and Bumper has stolen a march on the competition by being one of the first price protection protocols to announce its intentions. After the public sale, trading will begin on the token, and the DeFi community can have its say on where it values Bumper’s approach to reducing volatility in the crypto space, and its ability to forge a community of underwriters that can hedge risk for institutions and individuals and breathe new confidence into the crypto market – in spite of the headwinds ahead.

Media Contact:
Jason Suttie
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107615

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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