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Bumper Announces Plans to Protect Asset Portfolios Against Market Dips
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
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French fintech Lydia launches digital banking app Sumeria
Lydia, a prominent French fintech company known for its innovative financial solutions, has taken a significant leap forward with the launch of its new digital banking app, Sumeria. This development marks a strategic expansion for Lydia as it continues to redefine the financial landscape in Europe and beyond.
About Lydia
Since its inception, Lydia has been at the forefront of fintech innovation in France, providing users with seamless and user-friendly payment solutions. The company has built a strong reputation for its mobile payment app, which allows users to send and receive money, pay for goods and services, and manage their finances with ease. With millions of users and a robust platform, Lydia is well-positioned to venture into the digital banking space.
Introducing Sumeria
Sumeria is Lydia’s latest offering, designed to cater to the growing demand for comprehensive digital banking solutions. The app aims to provide users with a full suite of banking services, all accessible from their smartphones. Key features of Sumeria include:
- Personal and Business Accounts: Sumeria offers both personal and business accounts, enabling users to manage their finances efficiently. The app supports a range of functionalities tailored to meet the needs of individual users and small to medium-sized enterprises (SMEs).
- Intuitive Interface: True to Lydia’s commitment to user experience, Sumeria boasts an intuitive and easy-to-navigate interface. Users can quickly access account information, transaction history, and various banking services with just a few taps.
- Comprehensive Financial Tools: Sumeria provides a range of financial tools designed to help users better manage their money. Features such as budgeting, expense tracking, and personalized financial insights empower users to make informed financial decisions.
- Security and Privacy: Lydia places a high priority on security, and Sumeria is no exception. The app incorporates advanced security measures, including biometric authentication and end-to-end encryption, to ensure that users’ financial data is protected.
- Integrated Payments: Leveraging Lydia’s expertise in payments, Sumeria integrates seamless payment solutions, allowing users to send and receive money instantly, pay bills, and make purchases directly from the app.
Strategic Implications
The launch of Sumeria represents a strategic move for Lydia, positioning the company as a formidable player in the digital banking arena. By expanding its product offering, Lydia aims to capture a larger share of the market and meet the evolving needs of its users. This initiative also reflects a broader trend in the fintech industry, where traditional payment service providers are evolving into comprehensive financial service platforms.
Market Impact
Sumeria’s entry into the market is poised to have a significant impact. With its user-centric design and robust feature set, the app is likely to attract a diverse user base, from tech-savvy millennials to SMEs seeking efficient banking solutions. Moreover, Sumeria’s integration with Lydia’s existing payment infrastructure provides a seamless transition for current Lydia users, further boosting its adoption.
Future Prospects
Looking ahead, Lydia plans to continually enhance Sumeria by adding new features and expanding its services. The company’s focus on innovation and customer satisfaction will be key drivers of Sumeria’s growth. Additionally, Lydia’s potential to scale Sumeria across other European markets presents a substantial opportunity for further expansion.
Source: fintechfutures.com
The post French fintech Lydia launches digital banking app Sumeria appeared first on HIPTHER Alerts.
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