Bridge Mutual and UNIDO Launch Mutual Liquidity Pool on POP!
Bridge Mutual ($BMI) and UNIDO 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 UNIDO communities while continuing the safeguarding of a partnership that is already in place.
Details about the MLP
Bridge Mutual and Unido have decided to lock $100,000 of liquidity each (in their native tokens), in order to create their MLP, while providing bonus tokens in the form of their native token as rewards to the MLP farmers. In other words, they have created a $200,000 BMI/UDO Liquidity Pool on Uniswap(V2), which will be reflected on POP!’s platform for user participation, through single sided staking and standard liquidity mining (providing both sides of the asset). Furthermore, they have both agreed to run their MLP for a duration of 90 days, starting from the 17th of May 2021 at approximately 17:00 UTC, and concluding on the 15th of August 2021 at approximately 17:00 UTC.
Unido ($UDO) will be integrating Bridge Mutual’s ($BMI) discretionary coverage natively into the Unido Wallet, offering Unido’s growing list of enterprise clients an intuitive, single point of access to protected crypto fund management and secure access to DeFi investments.
The partnership will enable $UDO clients to purchase discretionary coverage to safeguard their crypto assets in a transparent and decentralized manner, providing an additional layer of protection to their holdings.
Additionally, they are exploring an extension in the scope of their partnership, with Bridge Mutual looking to utilize Unido’s multi-signature key management mechanism to enhance internal security controls for their application.
For more information regarding their partnership, please read their medium articles — Bridge Mutual Announcement | Unido Announcement
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.
Check out the MLP here:
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.
Unido is an enterprise platform for decentralized capital markets. It enables institutions & corporate clients to securely store, manage and invest their crypto assets into decentralized finance networks. Unido is underpinned by proprietary key signing technology that provides enterprise-grade security for any transaction which utilizes it.
Founded in 2017 and with a market-ready product, Unido is led by an experienced team of ex-Goldman Sachs, ex-Macquarie and ex-Wipro with decades of experience in enterprise software development, financial services and agency blockchain development.
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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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