Beyond Finance Strategic Partnership with Bridge Mutual
Beyond Finance has partnered with decentralized and risk coverage provider, Bridge Mutual ($BMI), to mitigate risk on our upcoming platform for ($BYN) users.
Bridge Mutual is based on a decentralized and discretionary risk coverage application that allows users to safeguard each other and get reimbursed in the event of a market crash or an attack.
“What Beyond Finance is accomplishing is something that we believe will set the standard for the synthetic asset space, we’re excited to work together to provide coverage for their intricate systems.”
— Mike Miglio, CEO of Bridge Mutual.
“Security and assurance for the user is of great importance to us here at Beyond Finance. This partnership with Bridge Mutual allows us to strengthen insurance infrastructure for Beyond users with the Bridge Decentralized coverage system.”
— Dorji Rabten, Head of Operation of Beyond Finance
Bridge Mutual aims to minimize financial risks by implementing the Bridge Mutual Coverage Widget directly onto our platform. In addition, Beyond Finance will also be utilizing Bridge Mutual’s shield mining feature. These features will add further protection to BYN users by providing a decentralized, community-governed coverage, not only against hacks and exploits but of any unexpected bugs that can hinder DeFi platforms.
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.
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