1inch Joins Bridge Mutual’s Featured Coverage Pools!
Bridge Mutual is happy to announce that it has added 1inch protocol to its whitelisted coverage pools — a list of top-tier, well-recognized protocols in which coverage pools’ liquidity providers receive extra BMI rewards.
This means that providing liquidity to 1inch’s coverage pool will earn users USDT from the policy purchaser’s premiums and additional BMI rewards.
This incentivizes users to provide larger amounts of coverage liquidity, allowing more 1inch users to purchase coverage and protect their crypto assets.
1inch is a well-established exchange aggregator that scans decentralized exchanges to find the lowest cryptocurrency prices for traders. $1INCH is used to furnish the platform’s decentralized “instant governance” model and facilitates liquidity mining through token staking.
Recently, 1inch has planned on taking a new approach to minimize transaction fees. The 1inch community suggested establishing a refund program due to the high gas fees part of the ETH network. Being heavily involved in their community, 1inch assembles a plan to airdrop 10M tokens to their DeFi users. To do this effectively, 1inch will enable refunding the users' gas amount spent in 1inch tokens on the first day of each month. Taking the initiative further in their community’s feedback, 1inch expands to Optimistic Ethereum to increase transaction speeds and lower gas fees for their users. 1inch has confirmed that their users may already migrate their assets to the Optimistic network, which will enhance the transactional experience and efficiency for their users.
Bridge Mutual’s purpose is to create a go-to platform for universal procession against all threats and cyberattacks in DeFi. The BMI team, believing in the interconnect ability of all DeFi protocols, is happy to share knowledge about projects such as 1inch and their respective communities. To join the force of Bridge Knights and purchase or provide coverage for your 1inch assets, enter the Bridge Mutual application.
1inch is an exchange aggregator that scans decentralized exchanges to find the lowest cryptocurrency prices for traders and is powered by its 1inch utility and governance token. 1inch is used to furnish the platform’s decentralized “instant governance” model and facilitates liquidity mining through token staking.
About Bridge Mutual
Bridge Mutual is a decentralized, p2p/p2b discretionary risk coverage platform covering stablecoins, centralized exchanges, and smart contracts. Its platform allows users to provide coverage, decide on policy payouts, share profit, and get compensated for adjudicating claims.