Bridge Mutual Beta v1.0 Launch Announcement- March 31st, 2021
The Bridge Mutual team is excited to announce our initial Liquidity Mining (LP tokens) and Staking program. As with most staking programs, earlier stakers tend to benefit more.
As discussed in our weekly updates, the Bridge Mutual platform will launch in tranches. March 31st will be our first tranche featuring staking. April 14th is currently targeted for the day we will launch beta v2.0 as well as our bug bounty.
The rewards for staking are as follows:
- BMI Staking: 200,000 BMI monthly (we expect there around 60% APY if 4M BMI are locked.)
- ETH/BMI LP Liquidity Mining: 400,000 BMI monthly (we expect 160% APY and around $10M in liquidity if the price of the token does not change.)
Timing:
The pools will launch when we are ready to launch them on March 31st (EST time zone), we are not promising an exact time in order to avoid disappointing anyone if there is an unexpected delay. Once the pools are live, we will make an announcement and a second tweet, so there is no need to continuously check the website.
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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