Bridge MutualPrice

(BMI)

Bridge Mutual is a decentralized, peer-to-peer and peer-to-business coverage platform. It allows users to protect themselves against common cryptocurrency risks, such as smart contract exploits, stablecoin de-pegging, and exchange hacks. Unlike traditional insurance, it operates on a discretionary model where the community, rather than a central authority, determines the validity of claims. The platform is permissionless, requiring no KYC identification, which enables global participation through Web3 wallets.

Users can generate rewards through three main avenues. First, by staking BMI tokens, participants earn staking rewards and a portion of protocol fees. Second, users can provide coverage by depositing stablecoins into specific pools to earn premiums paid by coverage buyers. Third, users can act as claims assessors, voting on claim validity to earn a share of assessment fees. Additionally, the 'Shield Mining' feature allows partner projects to provide extra token rewards to those covering their specific pools.

Bridge Mutual utilizes a multi-phase voting system driven by BMI stakers who act as judges. These stakers review evidence and vote on whether a claim should be paid. To ensure integrity, the protocol uses game theory incentives where voters are rewarded for contributing to the majority consensus and penalized for voting against it. For specific stablecoins, the process is automated: if a stablecoin's value falls below a designated threshold for a set time, the payout is triggered without requiring a community vote.

The BMI token is the native utility token of the protocol, serving three core functions: governance, staking, and claims assessment. Token holders use BMI to vote on protocol updates, earn yields through staking, and participate in the discretionary claim voting process. The total supply is strictly capped at 160 million tokens. The protocol also features 'Leveraged Portfolios,' which allow users to use a single deposit to provide coverage for multiple pools simultaneously, optimizing potential yield.

Bridge Mutual prioritizes security, having undergone multiple professional audits by reputable firms like Zokyo and Certik. To maximize efficiency, the protocol utilizes a 'Capital Pool' that invests idle liquidity into low-risk decentralized finance protocols to generate additional revenue for the DAO and its stakers. While originally launched on Ethereum, the project focuses on cross-chain expansion to support multiple blockchain environments, ensuring broad accessibility and robust protection for the DeFi space.

BMI tokens are available for trading on major digital asset platforms, including LBank, as well as various leading decentralized exchanges. To interact with the protocol, users connect a compatible Web3 wallet to the official Bridge Mutual dashboard. Once connected, users can purchase coverage for their assets, stake tokens to earn rewards, or participate in the governance and claims assessment processes that secure the network.