Bridge Mutual ($BMI) is launching a Mutual Liquidity Pool with POP!, a platform that connects two projects together by locking their respective tokens and creating a trustless Mutual Liquidity Pool (MLP). This synergy will provide benefits and rewards for both Bridge Mutual and AllianceBlock communities while continuing the safeguarding of a partnership that is already in place.
For the creation of the MLP, POP! has decided to lock $100,000 of liquidity each in their native tokens in order to create the MLP. In other words, POP! has created a $200,000 ALBT/BMI Liquidity Pool on Uniswap(V2), which will be reflected on POP!’s platform for user participation through Single Sided Staking. The MLP will run for a duration of 90 days- starting from the 15th of May 2021 at approximately 19:30 UTC, and concluding on the 13th of August 2021 at approximately 19:30 UTC.
POP! will be locking their respective liquidity together through POP!’s smart contracts (Fully audited by CertiK), thereby creating the MLP on Uniswap and generating a new trading pair directly between the $ALBT token & the $BMI token. Once the MLP is live and active on the POP! platform, #ALBT & #BMI token holders will have the opportunity to provide their tokens as single-sided liquidity as well as standard liquidity mining.
Bridge Mutual will also mitigate the risk of loss of funds resulting from hacked or exploited smart contracts, exchange hacks or theft, price crashes in stablecoins, and other digital asset vulnerabilities by creating a platform that allows users to provide and purchase discretionary coverage.
You can participate in Bridge Mutual’s growth by getting your token on Uniswap or Bitfinex , and then staking it for rewards within the Bridge Mutual’s app. For a detailed walk-through of the Bridge Mutual’s innovative system, visit our Youtube channel.
Read more about the Mutual Liquidity Pool on POP!’s article:
POP! is a platform that allows 2 projects to objectively display mutual trust and commitment to each other, by locking their respective tokens together and creating a trustless Mutual Liquidity Pool (MLP). In addition, it grants POP! users the opportunity to provide single-sided liquidity, in the form of their favorite token, by matching them with another POP! user and adding their joint liquidity into the MLP.
Powered by Faculty Group, POP! aims to set a new golden standard with regards to partnerships, and how they are perceived in the digital asset ecosystem.
AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.
Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.
About Bridge Mutual
Bridge Mutual is a decentralized, p2p/p2b discretionary risk coverage platform that provides coverage for stablecoins, centralized exchanges, and smart contracts. Its platform allows users to provide coverage, decide on policy payouts, as well as share profit and get compensated for adjudicating claims.