You have waited patiently for months for us to release our technical whitepaper, and we have finally decided that now is the time to release the whitepaper, which is a dense, math-heavy, graph-filled, 30+ page document. Timing of this release was key, as the crypto insurance industry is highly competitive, and releasing this document too soon before we were ready for launch meant risking that competitors could potentially implement our work into their existing models.
Read the whitepaper here: https://bit.ly/2Rte3TH
The technical whitepaper summarizes the functions of the platform and the various types of users within the platform (voters, coverage providers, claimants, etc.), and also details the inner workings of our coverage pools, premiums, yield generation, token utility and more.
V1 of the technical whitepaper covers V1 of the Bridge Mutual platform. Development of V2 of the platform is already well under way, which will have more utility, functions, and components than V1. Currently, there are three distinct versions of the platform on our internal roadmap. V1 is complete; V2 and V3 are being worked on simultaneously.
BMI would like to thank its community for its involvement and encourages the community to provide feedback in our Telegram chat. Our shared goal is to increase the safety and efficiency of all crypto platforms, exchanges and products.
About Bridge Mutual
Bridge Mutual is a permissionless, decentralized, 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.