Bumper
Jonathan 'DeFi' DeCarteret has an extensive work experience in various roles and industries. In 2004, they worked as the Advertising Director at Smile Train before moving on to become the CEO of Post-Switch.com in 2006. At Post-Switch.com, Jonathan successfully launched and scaled the business, achieving annual revenue of over £8 million. Jonathan then became the CEO of Launchpad PLC in 2013, where they developed a revolutionary property investment platform and secured funding for the company's development phase.
From 2015 to 2018, Jonathan worked as a FinTech Advisor at Artful Consulting, providing strategic consulting services to FinTech clients. In 2017, they joined INDX as the Chief Exec, overseeing a cryptocurrency fund that generated passive income from yield generating digital assets. Jonathan utilized INDX's proprietary tech platform and algorithm to maximize revenues for retail and institutional investors.
Currently, Jonathan serves as the Chief Executive Officer at Bumper, a company that solves the problem of protecting the value of crypto assets through its innovative DeFi protocol. Jonathan sets the price that should be protected, ensuring that the asset never falls below that price during market crashes while also benefiting from price increases.
Overall, Jonathan 'DeFi' DeCarteret's work experience showcases their expertise in DeFi, cryptocurrency funds, strategic consulting, and launching successful ventures.
Jonathan 'DeFi' DeCarteret completed their Bachelor of Science degree in Artificial Intelligence and Psychology at the University of Nottingham from 1992 to 1998. Their field of study included neuroscience, development learning, and machine learning. Prior to their university education, there is no available information regarding their school or degree from Broxbourne Boys School.
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Bumper
Bumper protects crypto assets against negative price movement when they are deposited by “Takers”, who are returned a tokenised version of the asset with the down-side volatility risk removed. The price risk is transferred to the opposing side of the market where “Makers” supply an alternative cryptocurrency that has a lower volatility; typically,a “stablecoin”.Both the protected asset and the stablecoin deposited by Takers and Makers are held by the protocol in pools. Stablecoins are at risk for the benefit of Takers in the event of certain negative price events, and Taker assets incur a variable premium in the native asset for the benefit of Makers. Both the volatile cryptocurrency and stablecoin pools are partially subordinated, allowing actors to engage with the protocol according to their individual perspective on future price behaviour of the protected asset.The Bumper design demonstrates how a decentralised software marketplace for asset price risk might prove superior to more traditional methods of using centralised stop-loss (which incurs slippage), or options markets (which has parasitic profits and overheads), by re-organising the utilities of the market participants.