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Bridge Mutual (also known as Bridge) is a decentralized, discretionary insurance application. Bridge provides a decentralized, scalable, and comprehensive smart contract system that provides insurance for smart contracts, stablecoins, centralized exchanges, and other crypto and DeFi products.
Bridge Mutual is a blockchain-based decentralized insurance platform that allows users to purchase and provide protection against smart contract failures, stablecoin crashes, and trading platforms being attacked. Its platform does not require users to provide any form of identity proof, and all assets in the ecosystem are held in the form of smart contracts.
Decentralization
Decentralized and freely determined underwriting applications that allow users to "insured" each other at risk.
Transparent
Transparent code based on blockchain. Claims assessments and funding investments are on-chain and can be audited by the public.
Fair
All claims go through a 3-stage voting process and are executed through rewards and punishments, ensuring a thorough process for each claim.
Subversive
Bridge will revolutionize the inequities and litigation caused by the lack of transparency and misalignment of incentives in traditional insurance.
Efficient
Bridge is more efficient than traditional insurance companies and does not require branch offices, claims experts, or agents to work.
Quick
The turnaround time for claims and votes is predictable, regardless of the amount of the claim, always within 6 weeks.