Bridge Mutual and Equalizer Rise to Protect Flash Loans
Bridge Mutual ($BMI) partners with Equalizer Finance ($EQZ), the first dedicated platform that equalizes decentralized markets, to protect user activities on the Equalizer platform. The Bridge Mutual team works relentlessly to establish a strong risk coverage application for smart contracts, stablecoins, and exchanges. We are constantly discussing partnerships behind the scenes to establish a well- protected system for the crypto space.
Equalizer Finance is a specially designed marketplace for DeFi Flash Loans. The platform offers low fees, wide choice of token vaults, multi-chain, cross-chain capabilities, and many more. The Equalizer token denomination ($EQZ), a representation of the ERC20 token, has a fixed supply of 100,000,000 tokens. Equalizer aims to create monetary banking services (such as the issuance of stable coins) by integrating decentralized lending and borrowing services. This development will enable advanced financial functionalities such as tokenization platforms, Decentralized Exchanges, derivatives, and prediction markets.
“The crypto industry is now worth more than $2 trillion, and as the industry grows further, we believe we should ensure safety for our users. Our partnership with Bridge Mutual is a step to add more layers of security and assurance to our users”
— Julian Nita, Project Lead of Equalizer
By integrating Bridge Mutual’s decentralized and discretionary risk coverage application into Equalizer’s interface, we will relieve the worries and doubts of users when lending and borrowing flash loans. The fusing of our unique Bridge Mutual widget will enable a seamless option to purchase risk coverage for their assets without ever leaving the Equalizer platform.
The addition of the extra layer security provided by Bridge Mutual will enable Equalizer Finance to develop a highly trusted and secure platform in the DeFi marketplace. The traditional financial system is currently centralized and heavily controlled by third party holders and intermediaries. Like many DeFi projects, Bridge Mutual aims to push the evolvement of centralized habitats to decentralized ecosystems. By developing and continuously advancing our risk coverage application for the DeFi space, we are able to impede and eliminate the risks, hacks, and exploits. Our objective is always to protect the evolvement of an open and transparent financial environment for the future, and the integration of our Bridge Mutual risk coverage application is just the first step of this revolution.
“The traditional system for risk coverage is very outdated. It’s slow, it’s unfair, and often non-transparent. Bridge Mutual aims to revolutionize risk coverage for the global users to eliminate worries about any unforeseen mishaps. Our strategic partnership with Equalizer is one step forward in the right direction to make our vision true both for the platform and our global audience.”
— Mike Miglio, CEO of Bridge Mutual
Equalizer is the first dedicated flash loan marketplace built on top of a scalable infrastructure that can handle the rising demand of decentralized lending and borrowing and that can boost the trading volume of any listed asset. It offers top benefits over the popular do-it-all DeFi protocols and sets itself a class apart by offering lower fees, a virtually unlimited choice of token vaults, high liquidity through yield farming, and multi-chain capabilities.
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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.