Bridge Mutual will be providing coverage to Olive, a multi-chain protocol primarily known for combining DeFi’s inherent composability with structured products to amplify yields without exposing users’ funds to principal or credit risks.
The beauty of Olive Protocol lies in its simplicity. Olive has a vault structure, which abstracts away all of the complexities of structured products, such as underwriting, pricing, juggling strike prices and rollover. Instead, users have to deposit assets in their favoured strategy, and Olive’s auto-compounding vaults take care of the rest.
Olive already has one of the largest suites of structured and options products in the form of:
Bridge Mutual’s partnership with Olive Protocol provides DeFi users with protection against the increasing number of hacks and exploits targeting the market. In 2022, the total amount of money stolen through such attacks reached more than $3 billion and the trend continues to rise. Bridge Mutual is providing additional security measures, risk protection and coverage options to the Olive Protocol. The steps taken will allow Olive users to feel confident using the protocol in the DeFi market.
Bridge Mutual has been working diligently since its inception. The company plans to continue strengthening its partnerships, improving its products in order to help reduce risks for users. Overall, the partnership between Bridge Mutual and the Olive Protocol is a win-win for both platforms and their users. We believe this partnership will help establish a less speculative environment, provide additional security and protection to users, and help drive innovation and adoption in the DeFi space.
Olive is a multi-chain protocol that combines DeFi’s inherent composability with structured products to amplify yields without exposing users’ funds to principal or credit risks.
We are moving rapidly, so we encourage everyone to join our community channels.
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.