Bridge Mutual ($BMI) is providing our decentralized risk coverage application to enable protection for Linear Finance users. As part of the partnership, Bridge Mutual will create coverage pools, and users will be able to purchase coverage policies directly within the Linear Finance app.
Risks could be unpredictable in the DeFi space, therefore, Bridge Mutual is more than willing to provide our risk coverage application to help eliminate as many hacks and exploits as possible. With that being said, Linear Finance can now be covered by our Bridge Mutual risk coverage application to protect against unexpected events that could jeopardize Linear Finance users.
“We are excited to collaborate with Bridge Mutual as they have built out a comprehensive risk coverage platform. And in true DeFi fashion, this not only allows Linear users to purchase additional coverage on our protocol but also users to stake and act as coverage providers on ourselves and other partner protocols.”
— Kevin Tai, CEO of Linear Finance
“Linear Finance is a great platform where you can quickly create, trade, and manage synthetic assets. We are happy to provide coverage to Linear Finance to lessen the risks within the ecosystem.”
— Mike Miglio, CEO of Bridge Mutual
The Bridge Mutual team has been working hard since day one, and we plan to continue the strength of our collaborations and advancements. All things considered, we believe this partnership will help establish a less speculative environment in the Linear Finance platform so that users can use their system without external concerns.
Linear Finance is a cross-chain compatible, decentralized synthetic asset protocol to cost-effectively and quickly create, trade, and manage synthetic assets (Liquids). Linear achieves this by leveraging other faster public blockchains as an imminent Layer-2 solution. This brings not only scalability and cost-savings vs existing solutions but also composability, bridging DeFi assets across blockchains. The utility of the LINA token within the ecosystem is used for — staking in the collateral pool, liquidity mining, governance and investing in synthetic “Liquids” on investment assets with infinite liquidity and no slippage
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.