Bumper Finance – a decentralised protocol providing price protection for your DeFi assets

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Bumper Finance – a decentralised protocol providing price protection for your DeFi assets

Bumper Finance - a decentralised protocol providing price protection for your DeFi assets

Owing to the recent dip DeFi folks and more specifically, LP providers have taken a significant hit with ILs off the roof. The same could be applied towards those investing in risky DeFi assets. This DeFi price protection – Bumper.Fi – could solve that by making the process more efficient, here's how:

  1. Set the price and asset you want to protect
  2. if the market drops, your asset will never fall below that price. Importantly, if the market pumps, your asset rises too.
  3. You're done and for this protection you pay a nominal premium, as low as 3% p.a. All of this takes a mere 6 clicks

https://preview.redd.it/nm8ceq4iy2p71.png?width=557&format=png&auto=webp&s=b23618df2e67f281b30d7a945fffc697138287d8

submitted by /u/freesuma
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