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The current real-time price of BUMSHAFT is $0.0{6}3539. In the past 24 hours, BUMSHAFT has traded between $0.0{6}3539 and $0.0{6}3548, showing strong market activity. The all-time high of BUMSHAFT is $0.0{5}3710, and the all-time low is $0.0{6}3306.
From a short-term perspective, the price change of BUMSHAFT over the past 1 hour is , over the past 24 hours is -0.19%, and over the past 7 days is -0.24%. These figures provide a quick overview of the latest price trends and market dynamics of BUMSHAFT on LBank.-5.53%
The live price of BUMSHAFT today is $0.0{6}3539, with a current market cap of $35,396. The 24-hour trading volume is 2.87. The price of BUMSHAFT to USD is updated in real time.
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Before deciding whether to buy or sell BUMSHAFT, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s BUMSHAFT technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for BUMSHAFT.
How much will BUMSHAFT be worth tomorrow, next week, or next month in ? What about your BUMSHAFT assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! BUMSHAFT Price Prediction
To learn more about BUMSHAFT, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
base | 0xc1d4...7d5b49  | 66.149B | 67.52% |
base | 0x2cde...48f00c | 4.000B | 4.08% |
base | 0x9224...9215d8 | 3.804B | 3.88% |
base | 0x0b19...00aeb7 | 2.267B | 2.31% |
base | 0x3352...db5a37 | 2.058B | 2.1% |
Other | 19.683B | 20.09% |
Bumshaft is a decentralized, over-collateralized stablecoin protocol. It allows users to deposit collateral, such as ETH or other assets, into secure "vaults" to mint BUMSHAFT, a stablecoin pegged to the US Dollar. The protocol operates autonomously through smart contracts to manage debt and maintain system stability.
The $BUMSHAFT token serves as the protocol's primary governance and reward asset. Unlike the stablecoin itself, holders can stake $BUMSHAFT to earn a portion of the protocol's revenue, which is generated from liquidation events and protocol emissions. This mechanism incentivizes long-term participation and alignment with the protocol's success.
BUMSHAFT is the liquid, tradable governance token of the protocol. In contrast, veBUMSHAFT (vote-escrowed BUMSHAFT) is a non-transferable token obtained by locking BUMSHAFT for a specified period. veBUMSHAFT represents a user's voting power, allowing them to participate in the decentralized governance and decision-making processes of the protocol.
The APY for staking in the Stability Pool is variable, often increasing during market volatility due to liquidation gains. It is important to note that rewards do not auto-compound; users must manually claim their rewards and redeposit them to increase their position. While the Stability Pool typically has no lock-up, veBUMSHAFT requires a commitment period.
When a vault is liquidated, BUMSHAFT in the Stability Pool is utilized to offset the liquidated debt. In exchange for this service, Stability Pool participants receive the underlying collateral from the liquidated position, such as ETH, usually at a significant discount. This process helps maintain the total system's collateralization and stability.
Bumshaft is a decentralized application (dApp) built on an existing EVM-compatible blockchain rather than being a standalone network. It can be accessed using any standard Web3 wallet, such as MetaMask, Trust Wallet, or other popular decentralized wallet solutions. The protocol's smart contracts have undergone security audits to identify and mitigate potential risks.
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