Bridge Mutual focuses on ensuring a safer, more robust ecosystem for all platforms, projects, and smart contracts through our decentralized discretionary coverage platform. The future ecosystem that we envision approaches nearer as we partner up with other teams that share our vision of the future. Today, we are delighted to announce an official partnership with PAID Network.
PAID Network will integrate Bridge Mutual’s risk coverage products, enhancing PAID’s SMART agreements with an additional layer of protection. This partnership allows all PAID Network’s users to benefit from Bridge Mutual’s discretionary coverage directly, should the needs arise. In addition, PAID Network users will be able to interact with Bridge Mutual coverage product offerings straight from the PAID platform. Lastly, those providing coverage to the PAID Network’s contracts will also be rewarded in PAID tokens (in addition to BMI and DAI) as an additional incentive through Bridge Mutual’s shield mining program.
“I am very excited about our partnership with Bridge Mutual. Their decentralized risk coverage protocol’s integration with PAID Network is fundamental in allowing us to successfully deliver on our commitment of providing coverage to cover our community’s value locked in PAID Network’s SMART Agreements. We couldn’t ask for a better strategic coverage partner.” — Kyle Chasse, CEO of PAID Network
“PAID and Bridge Mutual are both aiming to revolutionize systems that have been void of innovation for centuries. We’re looking forward to coming up with new and innovative ways to leverage what they’re making.” — Mike Miglio, CEO and Co-Founder of Bridge Mutual
The importance of this partnership, we believe, are the implications that it brings to the overall advancement of the cryptocurrency space. While DeFi has recently enjoyed an abundance of innovation, it has not innovated much in terms of safety and security. Bridge Mutual’s discretionary coverage policies are created, adjudicated, and paid out by its users in a system that aligns the incentives of the claimant and the coverage providers more than has ever been possible before.
About PAID Network
PAID Network is one of the most talked-about projects in recent times. A smart agreement that caters to businesses’ needs, PAID is a smart contract built on Polkadot that seeks to streamline business contracts, provide quick dispute resolution, and eliminate attorney costs that may arise from alternative solutions. PAID’s DeFi powered smart contract has empowered businesses to be more efficient than ever before.
About Bridge Mutual
Bridge Mutual is a decentralized, discretionary p2p/p2b risk coverage platform that provides coverage for stablecoins, centralized exchanges, and smart contracts. Its platform allows users to provide risk coverage, decide on coverage payouts, as well as get compensated for taking part in the ecosystem. Bridge Mutual’s token, $BMI, witnessed an explosive TGE on January 30, 2021 and aims to take and hold the throne of coverage platforms on the market.
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