Bridge Mutual Partners with Linear Finance to Protect Assets
We are proud to partner with Linear Finance, a cross-chain compatible, decentralized delta-one asset protocol. That enables users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. The collaboration allows Linear Finance users to purchase coverage against future smart contract hacks, bugs or exploits. Users can also underwrite the Linear Finance coverage pool for an attractive yield.
Linear Finance launched in September 2020 to build the first cross-chain delta-one protocol. The company’s $LINA token powers its platform, which allows users to trade liquid assets with low slippage and low gas fees. The linear exchange offers a wide variety of liquid currencies for trading, including BTC, ETH, BNB, YFI, as well as managed indices from which users can gain exposure to multiple assets in a single trade.
Risks can be unpredictable in the DeFi space. Bridge Mutual is more than willing to provide its risk coverage application to help eliminate as many hacks and exploits as possible. With that being said, Bridge Mutual can now offer its risk coverage application to protect against unexpected events that could jeopardize Linear Finance users.
We’re pleased to announce a collaboration with Bridge Mutual, which has built out a comprehensive risk coverage platform. This not only allows Linear users to purchase additional coverage on our protocol, but allows users to stake and act as coverage providers on ourselves and other partnered protocols.”
— Kevin Tai, CEO of Linear Finance
“Linear Finance is a great platform where you can quickly create, trade, and manage synthetic assets. Bridge and Linear share a collective mission to expedite mass adoption of decentralized finance (DeFi) by prioritizing the security of all users. We are happy to provide coverage to Linear Finance so that investors can feel more comfortable using the platform.”
— Mike Miglio, CEO of Bridge Mutual
Bridge Mutual has been working hard since its inception. We plan to continue strengthening our partnerships and improving our products in order to help reduce risks for users. By partnering with Linear, Bridge Mutual aims to provide protection against potential hacks and exploits that appear to be unavoidable in DeFi. We believe this partnership will help establish a less speculative environment in the Linear Finance platform so that users can use it without worrying about external threats.
About Linear Finance
Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero 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, share profit, and get compensated for adjudicating claims.