Bridge Mutual’s Featured Partner Coverage Pool — BarnBridge

Bridge Mutual
3 min readAug 23, 2021

Bridge Community,

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 pools to accelerate the platform’s growth (these whitelisted protocols are marked with a blue check-mark in the app). These top-tier projects coverage pools are being supplemented with extra BMI rewards, meaning that users get rewarded extra for providing liquidity for their pools. The team is proud to have these projects onboard and would like to highlight some of them.

The first one to start this series is our currently biggest coverage pool — BarnBridge Protocol. BarnBridge is a tokenized risk protocol that allows users to hedge against yield sensitivity and price volatility. It accesses debt pools on other decentralized finance (DeFi) protocols and creates multiple assets within a single debt pool with varying risk/return characteristics.

By letting users select a risk profile, BarnBridge can redistribute risk via tokenized, liquid tranches. BarnBridge does this with its SMART Yield, SMART Exposure, and SMART Alpha products, all of which address a specific DeFi risk category.

SMART Alpha, in particular, will be launching in September 2021 with the ability to deposit supported ERC-20 tokens into single-asset pools capable of providing either downside price protection or levered price exposure to the underlying Both the senior and junior side deposits will be represented as ERC-20 tokens themselves, meaning users can further use them in secondary applications, like lending markets. Senior-side users can expect to enjoy low volatility collateral, whereas junior-side users will look to take advantage of the cheapest liquidation-friendly form of leverage in DeFi.

As of this time of writing, BarnBridge currently has 10,716,753.4747 USDT in coverage liquidity on the Bridge Mutual platform, allowing both Barnbridge’s and BMI’s community to purchase coverage for their crypto positions.

BMI team sincerely hopes that the extra layer of security offered by coverage will attract even more users to experience the value offered by BarnBridge protocol and create a positive interaction between protocols’ communities.

About BarnBridge

BarnBridge is the first risk tokenization protocol. It allows hedging yield sensitivity and price volatility. BarnBridge does this by accessing debt pools on other DeFi protocols and transforming single pools into multiple assets with varying risk/return characteristics. At scale, BarnBridge allows you to trade in and out of any risk-exposed position for any asset in the world. Assuming infinite liquidity, BarnBridge can build unlimited numbers of products and hedged strategies.

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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.

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Bridge Mutual | A decentralized, discretionary coverage platform for Smart Contracts, Stablecoins, Exchanges and More.