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.

https://1inch.io/

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.

About 1inch

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.

Website | Medium | Twitter | App

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.

Website | Telegram | Medium | Twitter | CoinGecko | Youtube | Bitfinex | Discord

--

--

--

www.bridgemutual.io | A decentralized, discretionary coverage platform for Smart Contracts, Stablecoins, Exchanges and More.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How to Use BTC Proxy for DeFi

Hayek and Stablecoins

Trading Journal for 2/25

Cryptopunks, The Digital Tulips

Crypto Key Concepts and the Top 5 Cryptocurrencies

distributed ledger with majority of nodes validating blockchain info

Jan. 07, 2021- Bitech.pro cryptocurrency market outlook.

THE SEED ROUND 2 HAS BEEN CANCELED.

BlackRock goes live on Axoni blockchain network for equity swaps

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Bridge Mutual

Bridge Mutual

www.bridgemutual.io | A decentralized, discretionary coverage platform for Smart Contracts, Stablecoins, Exchanges and More.

More from Medium

Internet Betting

Enabling Innovative DeFi Products on smartBCH with Cross-Chain Tokens

Deploying a Smart Contract in CUDOS — Update February 2022

INTEGRATING DEXA COIN’S ($DEXA) RSS FEED WITH CRYPTO.COM