Bridge Mutual Offers Coverage Through Shield Finance
Bridge Mutual ($BMI) is pleased to announce a new partnership with Shield Finance, a multi-chain DeFi Insurance Aggregator. The partnership will offer users an option to purchase coverage directly from the Shield Finance platform. By enabling coverage options, users will be able to protect themselves from inevitable risks and exploits of the crypto-sphere.
As the DeFi space grows, there is an even bigger incentive for hacks and exploits to occur. Bridge Mutual plans to provide DeFi users a chance to safeguard their activities in the space by providing Bridge’s decentralized and transparent risk coverage application. In addition to Bridge Mutual’s direct integration of the risk coverage widget, Bridge will also open a referral commission for Shield Finance users to eliminate extra charges from purchases made on either Bridge Mutual or Shield Finance. In turn, Shield Finance will open a risk coverage pool on Bridge Mutual to protect Shield contracts (token & liquidity mining), therefore adding another layer of protection for Shield users.
“Bridge Mutual is a well-known player in the insurance space. We’re excited to bring their products to a broader audience of DeFi power users. Bridge Mutual efforts are critical for mass adoption, and we’re committed to supporting them.”
— Denis Gorbachev, CEO of Shield Finance
“Aggregators are an important evolutionary step to any competitive industry and we’re excited to be partnering with Shield to give users in the DeFi space a wider selection of coverage options.”
— Mike Miglio, CEO of Bridge Mutual
This collaboration between Bridge Mutual and Shield Finance is a big step towards decentralized protection for the future. To offer full support, users can stake their $BMI here. To learn more about Bridge Mutual’s risk coverage application, read about it here. In consideration of the users and prospects of this space, Bridge Mutual has also created Q&As, Updates, and a walk- through tutorial to resolve any confusion or misinformation. These videos can be found here.
About Shield Finance
Shield Finance is a multi-chain DeFi Insurance Aggregator that allows users to buy protection against major market crashes due to hacks, exploits, rug pulls, sell-offs, and other black swan events. We are currently integrating multiple insurance providers to provide our users with reduced slippage and expansive coverage.
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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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