Bridge Mutual

May 27, 2021

2 min read

Bridge Mutual and Pl^Gnet Form an Alliance to Build Defense System

Bridge Mutual ($BMI) forms an alliance with Pl^Gnet, an advanced multi-chain synthetic assets protocol, to provide an option for users to protect their activities on Pl^Gnet.

Pl^Gnet is a safe space to onboard new users, and Bridge Mutual is integrating an additional layer of defense to advance the safeguarding objective. By integrating the Bridge Mutual risk coverage system directly into Pl^Gnet’s platform, users will be given the option to seamlessly purchase protection for their activities and assets.

“Plugnet is on a mission to make DeFi safe and easy for anyone to use. A huge part of keeping users safe is providing risk coverage options for the unexpected. We are proud to be working with Bridge Mutual, the leading decentralized coverage protocols to integrate coverage options for Plugnet users.”

— Jerry Yuan, CEO of Pl^gnet

PL^Gnet enables semi-permissionless creation of synthetic assets, from multiple chains to operate and leverage DeFi in one network. It does this with a simple UX from your existing trusted provider, connecting synthetics securely with a verified customer. In addition, customers can use, mint, and burn synthetic assets to access DeFi products on the Pl^Gnet platform.

“Bridge Mutual is excited to collaborate with Plugnet to create a more trusted ecosystem through our Bridge Mutual application. We believe that Plugnet is a strong network in the DeFi space, and we want to ensure that Plugnet users are given the option to secure their assets and activities.”

— Mike Miglio, CEO of Bridge Mutual

Bridge Mutual’s token can be found on Bitfinex, Uniswap, Gate.io, Bilaxy, and more exchanges soon. For a detailed walk-through of Bridge Mutual’s innovative platform, visit Bridge Mutual’s Youtube channel.

Read Bridge Mutual’s whitepaper here: https://bit.ly/2Rte3TH
Check out Bridge Mutual’s test net here: https://test.bridgemutual.io/user/dashboard

About PL^Gnet

Founded by Centrality, PL^Gnet solves a key problem facing DeFi and provides a novel way for assets and liquidity from many existing custodians from any blockchain network to pool in the same space. PL^Gnet provides the benefits of transparency, composability and interoperability important to DeFi in a way that allows for improvement in regulatory compliance. PL^Gnet helps asset custodians to put their “at rest” assets to work for their clients in a safe space.

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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.

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