Description
Bridge Mutual is a decentralized, peer-to-peer and peer-to-business insurance platform leveraging blockchain technology to provide coverage for digital assets against various risks, including smart contract vulnerabilities, stablecoin depegging, and exchange hacks. Users can purchase and provide insurance policies using the native BMI token, which also serves a governance role. The platform operates through decentralized voting mechanisms for risk assessment and claims processing, ensuring transparency and minimizing fraud. All funds are held in non-custodial smart contracts, preserving user privacy and security. Users are incentivized to provide coverage, creating a dynamic ecosystem focused on risk mitigation and community-driven decision-making.
Bridge Mutual is a decentralized, peer-to-peer and peer-to-business insurance platform leveraging blockchain technology to provide coverage for digital assets against various risks, including smart contract vulnerabilities, stablecoin depegging, and exchange hacks. Users can purchase and provide insurance policies using the native BMI token, which also serves a governance role. The platform operates through decentralized voting mechanisms for risk assessment and claims processing, ensuring transparency and minimizing fraud. All funds are held in non-custodial smart contracts, preserving user privacy and security. Users are incentivized to provide coverage, creating a dynamic ecosystem focused on risk mitigation and community-driven decision-making.