Bumper, a decentralised finance (DeFi) protocol, has launched its crypto options killer, which promises to improve upon traditional Black-Scholes option desks by an average of 30%. The protocol is the result of a three-year research and development programme, backed by $20m in early funding, and collaboration with the Swiss Center for Cryptoeconomics.The protocol undercuts traditional options desks by one-third while paying between 3-18% APR to Liquidity Providers (LPs) that supply USDC to the protocol. Early adopters of the protocol will also share in $250,000 worth of incentives, by either protecting their ETH or earning on their USDC.Bumper removes the downside volatility of a user’s crypto tokens, paving the way for them to take leveraged positions with zero-liquidation risk. The protocol charges a premium, which is calculated incrementally during the term, based on a combination of market conditions, protocol rebalancing and proximity to the user’s floor. This generates real yields for liquidity providers who realise returns ranging between 3-18% APR on average without the need to sell option contracts.Bumper has been deployed to the Ethereum mainnet, and is currently accepting deposits in ETH and USDC, with additional ERC-20 tokens and multi-chain support slated to be added to the protocol in rapid succession. For more information, visit bumper.fi.

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Information	Details
Geography	Europe
Countries	🇬🇧 🇨🇭 🇺🇸
Sentiment	positive
Relevance Score	10
People	Jonathan DeCarteret, Digital Mob, Swiss Center for Cryptoeconomics
Companies	Digital Mob, Filecoin, Bumper, Deribit, Barnbridge, Swiss Center for Cryptoeconomics, Binance, Gnosis, PrimeXBT.
Currencies	Ethereum, USD Coin, Bitcoin
Securities	None