JD
Jonathan DeCarteret is the CEO of Bumper, a DeFi asset protection protocol. He discusses the company's technology for protecting assets and their product launches and fundraising activities.
1Interview
2021First on the show
Jun 2021Latest appearance
19 minOn camera
19:02
Latest interview · Jun 11, 2021Jonathan DeCarteret on Bumper's DeFi asset protectionWatch the episode →
In their own words
“You can be protected as little as three percent per annum so just think about that is thirty thousand dollars a year to protect a million dollars worth of bitcoin.”
Key points from the latest interview
- Bumper protects crypto asset prices by automatically swapping between the asset and stablecoins at a set price floor, providing downside protection while maintaining upside potential.
- The protocol uses a near-zero slippage engine developed with Block 8 to overcome traditional AMM inefficiencies that would otherwise erode protected assets through fees and gas costs.
- Bumper's protection costs as little as three percent per annum, significantly cheaper than traditional options desks which have fixed expiry windows and higher complexity.
- The first version of Bumper launches June 22, 2021, with a user-friendly interface designed for retail adoption while also targeting professional traders and integration with other DeFi protocols.
- Unlike stop-loss orders which permanently exit positions, Bumper re-enters positions when prices recover above the protection floor, avoiding the common problem of being liquidated before rebounds.