Bridge Mutual Updates Report

Bridge Mutual Community,

TL; DR

• Bridge Mutual was recognized and featured on Coin Bureau in their recent video: “Crypto Insurance: Why You NEED It”, as one of the handpicked DeFi risk coverage applications in the industry.
• Mike Miglio and Lukas N. hosted a community AMA on our Twitter Spaces to discuss development updates, fixes, and plans on becoming multi-chain.
• Abracadabra Money was whitelisted as a new coverage pool on the platform, enabling Abracadabra users to purchase coverage for their investments.
• Bridge Mutual released its Q2 Roadmap with new features such as Coinbase Wallet Integration, BNB Smart Chain, and Polygon.
• Coinbase Wallet Integration was successfully implemented.
• Bridge Mutual reduced premium pricing for cheaper policy costs.

Why You NEED Crypto Insurance

In the past couple of months, we have taken progressive steps towards our objectives. On February 22, 2022, Coin Bureau featured Bridge Mutual in their Youtube video: “Crypto Insurance: Why You NEED It”. Coin Bureau provides in-depth organic insights and reviews of many highly-requested crypto projects, and we were excited to see Bridge Mutual being acknowledged for its decentralized insurance protocol, attractive features, and our professional team.

Community AMA

On March 3, 2022, Bridge Mutual hosted a community AMA on its own Twitter Spaces, where Mike and Lukas discussed the heavy impact the current Ukraine and Russia situation had on our team considering a handful of our developers were based out of Ukraine. However, with full passion and efforts, we have devoted as much help as we could to comfortably reposition back into our full-scope working agenda with the presence of the entire team.

“There is no chance the project is stopping or ending. . . There is no significant issue right now that we aren’t overcoming or that we can’t overcome.”

— Mike Miglio

BMI Marketing

As our developers focus on their technical tasks — new integrations, adjustments and fixes, and other product advancements and features, the marketing team has been strategizing on their plans and initiatives behind the scenes.

Some of the objectives included in the marketing plan includes expanding our advertisements and promotions across relevant platforms, working alongside the development and product teams to explore new products, engaging in strategic collaborative discussions with valuable projects, and pushing for Bridge Mutual to have its long-deserved spotlight.

New Listing: Abracadabra.Money

On March 30, Bridge Mutual whitelisted Abracadabra Money, a decentralized lending platform, as a new coverage pool on the platform! Read more about this listing here.

By bringing in projects like Abracadabra, Bridge opens up new opportunities for users to protect themselves against inevitable DeFi crimes that have gained momentum in the past couple of years. Although multiple projects have already been whitelisted on the platform, it doesn’t stop here. Bridge plans to continue expanding its range of coverage for more projects on multiple chains, increasing benefits for users, and growing the utilization of the $BMI token.

Bridge Mutual Roadmap

On April 11, we released our Q2 roadmap, which includes the milestones we have already been working on. Since the roadmap was long-awaited, users might assume that the progression on the objectives are slow. However, we would like to assure you that some of the items on the list are more ready than expected.

We have decided to move away from specific public dates and instead keep these dates within our internal team, however, you can see that the roadmap below states the items we plan to complete before Q3. Our product, business, and marketing team are meeting daily to follow through with designated strategic plans to ensure we avoid major delays. You can view the full roadmap here.

Coinbase Wallet Integration

On April 14, we announced that the Coinbase Wallet integration was successfully implemented. This update enables users to connect their Coinbase Wallets to the Bridge Mutual platform.

With Coinbase being one of the biggest crypto exchanges, it’s a big step towards making the app as accessible as possible. The direct connection to their wallet will make it much easier and more convenient for many users to use our platform.

Cheaper Premiums

Recently, we have implemented an exciting update to our pricing model. Moving forward, the policy prices on our platform will be much cheaper. As a team, we collectively decided to lower the costs of the premium on all UR (Utilization Ratio) levels. For detailed price level information, view below.

What to expect next?

As a team, we consistently follow our constructive sprints, organized stand-up calls, and business strategy meetings. Needless to say, we are constantly pushing to meet our set objectives.

Our developers are working around the clock to fix technical issues that have surfaced as well as maintaining other planned development items. The product team is working hand-in-hand with the developers to ensure all technical issues get resolved smoothly, heavily focusing on delivering the best experience for our users. The business and marketing team are constantly discussing multiple collaboration opportunities, constructing strategy and market research, as well as performing in-depth data tracking and analytics across all platforms.

We are extremely grateful to have a community of supporters — many of which are early Bridge Mutual fans. Although there have been speed bumps in our progress, we’ve overcome every development obstacle together. Every milestone we achieve brings us closer to the decentralized insurance marketplace we’ve been working on.

We are still early and progressing. There is no chance the project is stopping or ending, nor is it in any danger of stopping. There is no significant issue right now that we aren’t overcoming or that we can’t overcome.

We would like to thank our community for your patience as we continue to build this product together. We look forward to sharing more announcements and updates with you on our Twitter and Discord, so be sure to join and turn your notifications on!

About Bridge Mutual

Bridge Mutual, a decentralized coverage platform, is on a mission to become the #1 crypto-armorer of Decentralized Finance and equip everyone with protection against universal crypto threats. We are a fully decentralized, p2p/p2b discretionary risk coverage platform covering smart contracts, stablecoins, centralized exchanges. Our platform allows users to provide coverage, decide on policy payouts, share profit, and get compensated for adjudicating claims. Users can get protection and provide one in exchange for yield. We focus on great product design, pro-community business objectives, and synergy with other web3 innovations.

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