Today marks a significant milestone in Bridge Mutual’s development — the team is extremely happy to announce that the test net is officialy deployed and ready to use. We are also launching a bug bounty program on ImmuneFi.
This launch brings Bridge Mutual ($BMI) one step closer to its goal of revolutionizing security norms in crypto.
As of now, Bridge Mutual V1 is officially deployed on the Ethereum test net. We are also currently working on launching on the Polygon test net.
Our momentum has just started. Bridge Mutual aims to utilize the best parts of all available chains and…
Following the features of Pendle Finance and 1inch, ICHI joins the collection of whitelisted coverage pools on the Bridge Mutual platform. These specially selected coverage pools, deemed as leading within the crypto space, enable users to receive extra BMI rewards as Coverage liquidity providers.
Ichi.org enables any community to create a token worth $1 minted with that community’s scarce cryptocurrency. ICHI has already partnered with Filecoin, Uniswap, 1INCH, 88MPH, Fuse, and PERL communities in the first two months since the launch of ICHI V2 in the creation of their stable assets. It never made sense for one cryptocurrency…
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. …
We are excited to announce a NEW whitelisted pool showcased on the Bridge Mutual platform!
The featured coverage pools represent top-level DeFi projects that are whitelisted by the BMI team to receive extra BMI rewards in exchange for the supplied coverage liquidity. Taking off with conjoined efforts to protect their DeFi communities, Bridge Mutual has invited Pendle Finance to provide the initial risk coverage liquidity for the Pendle users. This allows users to purchase coverage for their Pendle positions and get protected against any hacks, exploits, rug-pulls, and other unfortunate events that result in a financial loss.
With a fully operational and working platform, Bridge Mutual is entering a new chapter of its development. As new features are already being developed (and we’ll soon reveal a new roadmap), we’d like to use this opportunity to present to you some of our partner projects featured on the Bridge Mutual application from the very beginning.
Bridge Mutual is an open and permissionless platform, which means anyone can add a smart contract to protect their digital assets and activities. However, upon launch, BMI has recognized several leading and innovative protocols within the crypto space and “whitelisted” their coverage…
Bridge Mutual’s very first claim for coverage has just been approved and paid out just 14 days after the $20M+ Popsicle Finance hack; this is a testament that Bridge Mutual’s risk coverage protocol is fair, functional, and actively providing coverage against hacks and exploits.
On August 4, 2021, Popsicle Finance’s v3 Uniswap LP pools were drained by an attacker, and $20.7M in user funds were lost. The Popsicle Finance team responded quickly and transparently, however the funds were permanently lost.
The Popsicle Finance coverage pool was one of Bridge Mutual’s genesis coverage pools created during the launch of Bridge Mutual…
Bridge Mutual is excited to announce a brand new collaboration with Galaxy Fight Club, a real-time PvP game to bring together all kinds of unique avatar collections onto one single platform. Bridge Mutual is bringing its NFT Knights to the front lines!
See the Bridge Knights here on Open Sea!
Following the gamified concept of Super Smash Bros, Galaxy Fight Club merges characters from different IPs. Just as Super Smash Bros characters enable battles between Pikachu versus Mario, Galaxy Fight Club will enable pvp from famous NFT collections such as Bulls on the Block and Bored Ape Yacht Club.
Bridge Mutual is excited to announce a partnership with Brokoli, the first decentralized exchange that allows users to act on climate. This collaboration will enable Bridge Mutual users to offset the carbon footprint within each transaction.
Brokoli Network is building a non-custodial solution to offset the carbon footprint caused by digital transactions every day. The DEX builds upon the more capital efficient model of trading enabled by Uniswap v3: slippage fees will be used for climate positive action: renewable energy project finance, planting trees, waste collection, and recycling.
With the integration of Brokoli’s API, users will choose to…
The brand new Bridge Mutual Discord server will be the main point of communication between the BMI team members and the BMI community. Due to Discord’s advanced functionalities and channel structuring, users will have easier access to announcements, resources, technical support, FAQs, and numerous other dedicated channels and discussion groups.
The Bridge Mutual telegram chats will remain officially live and supported; however, they shall only serve as open discussion forums. For support and the latest information, users will have to migrate to Discord.
Bridge Mutual Platform launched on the 9th of July with a Coverage Mining Event designed to last until the 23rd of July. The event includes a team-based competition centered around providing the largest amount of liquidity by any team and individual. Apart from an extra pool of 450,000 BMI tokens dedicated towards the top ten teams, the largest individual contributors and team members were promised utility NFTs that unlock special benefits within the Bridge Mutual platform.