Bridge Mutual (BMI)

Bridge Mutual (BMI) is a decentralized coverage platform that aims to revolutionize traditional insurance by offering transparent and efficient solutions. The platform allows users to protect their crypto assets and earn profits in exchange for coverage liquidity. Users can buy BMI tokens and stake stablecoins to provide coverage to customers, earning yields over time. On the other hand, users can also get coverage for contracts, stablecoins, or exchanges they want to protect, easily making claims if needed. With features like leveraged portfolios, a reinsurance pool, and shield mining, Bridge Mutual provides a comprehensive solution for coverage needs in the crypto space.

One of the key advantages of Bridge Mutual is its focus on yields and profit. Staking BMI tokens allow users to generate staking rewards, vote on claims and earn through claims assessment, and participate in on-chain investing of pooled funds to earn yields. The platform is also cross-chain compatible, with plans to work on multiple chains like Solana, Binance Smart Chain, and Polkadot. Bridge Mutual is a decentralized, user-governed ecosystem where BMI token holders can actively participate in the platform’s governance and decision-making processes. Additionally, Bridge Mutual does not require KYC, making it accessible to anyone, anywhere.

Bridge Mutual prides itself on being transparent and disruptive in the insurance industry. Its blockchain-based and transparent code allows public scrutiny of claims assessment and fund management. Claims go through a thorough 2-phase voting process, enforced with rewards and punishments, ensuring fairness and efficiency in the claims process. By eliminating the need for branch offices, claims specialists, and agents, Bridge Mutual creates a more efficient insurance model. The platform’s roadmap includes cross-chain features, oracle and NFT coverage, transitioning towards a DAO, and more, showcasing its commitment to evolution and innovation in decentralized insurance.