Bridge Mutual and Orion Protocol Collaborate for Additional Security
Bridge Mutual ($BMI) is providing our decentralized risk coverage application to enable protection options for Orion Protocol, a decentralized liquidity aggregator protocol. By integrating our risk coverage application into Orion Protocol’s interface, users can purchase coverage directly on Orion’s platform without ever leaving the application.
By providing our decentralized and discretionary risk coverage applications, Orion Protocol will be able to offer an extra layer of protection for all of the assets within Orion, including Orion itself. In our Bridge Mutual platform, there are two types of users: policy holders and coverage providers. Bridge Mutual enables users to purchase coverage for contracts, stablecoins, and exchanges through our risk coverage application. Coverage providers stake DAI to offer coverage on these various products and get interest and profit sharing in exchange.
“Being able to offer another quality a decentralized risk management solution like Bridge Mutual’s on Orion Protocol highlights our ongoing determination to provide the best security and protection for Orion Terminal users.”
— Alexey Koloskov, CEO and Co-Founder of Orion Protocol.
Having risk coverage option is a win-win-win for Orion, its users, and the Bridge Mutual ecosystem. The relationship is as symbiotic and synergistic as they come. If a user can buy insurance, they feel comfortable entrusting their capital into the Orion ecosystem, and Orion’s TVL increases as a result. Whenever a policy is purchased, Bridge Mutual’s users share in the profit.
“Orion Protocol is revolutionizing the DeFi space by offering an all in one platform to its users. Allowing users to access liquidity of the entire crypto market in one platform is not only convenient, but an inevitable development. We’re looking forward to integrating with the Orion platform to provide coverage for all of its assets and users.”
— Mike Miglio, CEO of Bridge Mutual
About Orion Protocol
Built on the most advanced liquidity aggregator ever developed, Orion Protocol solves some of the largest issues in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform.
Governing the protocol is the proprietary staking mechanism Delegated Proof of Broker, fulfilling every function via a decentralized brokerage with the ORN token at its core. This underpins each industry-critical solution built on the protocol, including the flagship product Orion Terminal: the singular and non-custodial gateway to crypto.
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.