restoring bamboo advice?

I couldn't say no when i was offered this hammock that i neither have room for or know how to restore. I'm hoping i can at least fix one of those problems with advice from TC'ers.
I've never had luck staining bamboo in a way that can withstand sunlight, and it looks like the builder of this hammock hasn't either.

the challenges i can see so far:

• stripping the old stain off the poles looks easy, much more difficult on the surfaces of the hammock itself. can this surface be restored / brightened in some way?
• sealing or staining the hammock with a product thats flexible enough and won't rub off when sitting on it?
• staining the bamboo poles and not having them fade immediately in the sunlight?
• does this style of hammock/swing/chair/whatever have some other name i should be calling it?

thanks in advance!

I like the rope!