Bridge Mutual Presents Risk Protection System for Beyond Finance

Bridge Mutual ($BMI) presents a strategic partnership announcement with Beyond Finance ($BYN), a decentralized platform for creating and trading synthetic financial products. The collaboration between Bridge Mutual and Beyond Finance will synthesize discretionary risk coverage and decentralized finance to provide extra value to users of both platforms.

Beyond Finance is an effortless trading system designed to suit the needs of various investors by enabling intricate access to countless assets. The main element of the partnership between Bridge Mutual and Beyond Finance is to attenuate risks within Beyond Finance’s ecosystem by the integration of the Bridge Mutual widget. With Bridge Mutual’s intelligent decentralized coverage system, users on Beyond Finance will be able to protect their assets against hacks, exploits, and other unexpected bugs that can hinder DeFi platforms. To incentivize users to provide coverage for Beyond Finance, Beyond Finance will be utilizing Bridge Mutual’s shield mining feature as well.

Currently, the traditional coverage system is non- transparent and inefficient. With lack of trust, there is an imbalanced relationship dynamic between traditional coverage providers and traditional coverage holders. With this in mind, the Bridge Mutual team transforms the weaknesses of the traditional coverage systems by innovating and implementing the Bridge Mutual Risk coverage application.

“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

“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

Dedicated users of Bridge Mutual and Beyond Finance should look forward to protecting their assets against risks. To show full support, prospects can stake their $BMI here. For additional information on Bridge Mutual’s application, a detailed walk- through video can be viewed here.

About Beyond Finance

Beyond Finance is an effortless trading system designed to suit the needs of various investors by enabling intricate access to countless assets. Beyond takes an innovative approach of combining the usual Bid/Ask order book
mechanisms with automated market makers to protect users from exploitation.

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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.