Yanush Ali | April 10 2021
Yanush Ali | April 10 2021
Orion Protocol is pleased to announce another partnership to provide an accomplished security layer to the ecosystem: Bridge Mutual. Bridge Mutual enables decentralized risk cover through their innovative app, allowing Orion Terminal to purchase appropriate cover without ever having to leave the Terminal. Orion Protocol will also have a specific coverage pool itself.
Bridge Mutual’s comprehensive coverage for cryptocurrency-based assets is presented in a simple, sleek widget-based application which is connected directly to the host’s interface. With user profiles being based around two categories: policyholders and coverage providers, Bridge Mutual offers decentralized and discretionary risk coverage for areas such as stablecoins, exchanges, smart contracts and much more. The nature of the two sided policy book ensures an open-source ecosystem without any permissions needed from the client. Validity of the claims stems from a system of voting via users through to policyholders. This also decides the reward amount to be given.
Insurance pools are open to all for creation. New assets minted through a token generation event can immediately be added to the Bridge Mutual platform. Straight away users can provide coverage for or against the new asset. The simplistic app feature from Bridge Mutual will be neatly placed within the Orion dashboard for easy accessibility for potential customers, accessing hundreds of thousands of new users.
Meanwhile, Orion’s own user base continues to access ever-developing crypto solutions through Orion Terminal. In this case, Bridge Mutual’s product covers all assets and the Terminal itself - the partnership gives users a seamless opportunity to purchase suitable cover directly from the terminal to enhance user efficiency and overall user experience on Orion. This allows for individuals to select their desired coverage choice - all of this completed through a compact and secure solution.
“Orion Protocol is revolutionizing the DeFi space by offering an all in one platform to its users. Allowing users to access liquidity of the entire crypto market in one platform is not only convenient, but an inevitable development. We're looking forward to integrating with the Orion platform to provide coverage for all of its assets and users." - Mike Miglio, CEO of Bridge Mutual.
“Being able to offer another quality a decentralized risk management solution like Bridge Mutual’s on Orion Protocol highlights our ongoing determination to provide the best security and protection for Orion Terminal users.” - Alexey Koloskov, CEO and Co-Founder of Orion Protocol.
This follows security partnerships with CertiK, Aleph.im, PolkaCover, and Insured Finance to bring even more decentralized cover to the Orion network.
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, as well as share profit and get compensated for adjudicating claims.