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Bridge Mutual to Provide Discretionary Coverage to YOP Investors – Bankless Times
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Bridge Mutual and Zero Exchange Announce Partnership
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Bridge Mutual and Zero Exchange Announce Partnership
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March 6, 2021 @ 4:04 pm By Omar Faridi
With over $40 billion locked into decentralized finance (DeFi) platforms (at the time of writing), according to DeFi Pulse data, it’s now clear that the era of DeFi has arrived, crypto analysts have argued.
However, with many new exploits frequently taking place, there’s been significant growth in platforms that offer insurance for investors in order to mitigate or minimize the risk of loss of funds because of scams, unaudited smart contracts, digital asset exchange hacks and other cyberattacks.
With platforms such as Nexus Mutual, Cover Protocol and Opium Finance currently providing coverage, Bridge Mutual has also introduced its services and “quickly skyrocketed” to become a major DeFi insurance platform, according to an update shared with CI.
Digital asset discretionary coverage platform Bridge Mutual launches BMI token on Polkastarter
Submitted
01/02/2021 - 9:09am
Bridge Mutual, a decentralised, peer-to-peer discretionary coverage platform for digital assets, has launched BMI token on Polkastarter, the Polkadot DEX for cross-chain token pools and auctions.
The BMI token was available on Polkastarter via an Initial DEX Offering (IDO) from 30 January, 2021.
Last year alone, an estimated USD200 million in digital assets were lost in attacks on major services including KuCoin, Harvest Finance, and Origin Protocol. Bridge Mutual mitigates the risk of loss of funds resulting from unaudited smart contracts, exchange hacks, and other digital asset vulnerabilities with a marketplace for investors to provide and purchase coverage. Built on Polkadot to avoid high gas fees existent on other networks, Bridge Mutual provides coverage for stablecoins, centralised exchanges, smart contracts and decentralised exchanges, with more