Bridge Mutual (BMI) is a decentralized finance platform (DeFi). The DAO-managed discretionary risk coverage platform is based on the Ethereum network. Bridge Mutual is a permissionless as well as a decentralized risk coverage platform. Therefore, it provides risk/insurance coverage for stablecoins, smart contracts, and other services. Moreover, the platform allows users to purchase risk coverage for funds, vote on policy claims, receive compensation, etc.

Bridge seeks to provide coverage of three types: smart contract coverage, stablecoin coverage, and exchange coverage. Stablecoin coverage helps to protect users from price crashes. The platform plans to introduce more traditional coverage in the blockchain network. The Bridge Mutual platform also functions on multi-chains, and hence exchange through its multi-chain strategy is made easy.

The whitepaper states there is a demand for risk-mitigating solutions. Projects generally reduce the risks from bugs, hacks, etc. by hiring third-party smart contract auditors. In order to solve this, the platform provides smart-contract coverage policies for assets. Moreover, Bridge Mutual enables its users to create and provide liquidity for any smart exchange contract at any time in exchange for yield3. The platform also plans to start a dApp and a mobile version for offering rewards to users.

To participate in the platform, users purchase the BMI token and stake in Bridge coverage pools. The token can be used to vote and improve the platform and help it to remain secure, transparent, and competitive. Users may earn BMI tokens by providing coverage in the stablecoins, staking the current BMI token, voting on the coverage claims, and providing liquidity in Uniswap. Users may also receive multi-token rewards and branding benefits on the platform.

Mike Miglio is the cofounder, CEO, and helm of the project. Mike is responsible for all the financial decisions on the platform and token.

We update our Bridge Mutual to CAD currency in real-time. Get the live price of Bridge Mutual on Coinbase.

The current market cap of Bridge Mutual is CA$51.378K. A high market cap implies that the asset is highly valued by the market.

The all-time high of Bridge Mutual is CA$7.70. This all-time high is highest price paid for Bridge Mutual since it was launched.

Over the last 24 hours, the trading volume of Bridge Mutual is CA$5.943.

Assets that have a similar market cap to Bridge Mutual include Ferrum Network, Binemon, Talen Energy Tokenized Stock (Ondo), and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Bridge Mutual is 65 million.