Bridge Community,

Bridge Mutual Version 2: The Great Reinforcement is the second version of the Bridge Mutual protocol and the second chapter of Bridge Mutual’s quest to defend the world of Decentralized Finance from the evil forces of hackers, rug-pullers, and scammers.

You can read more about the exciting updates V2 brings here.

Upon feedback from the project advisors, white hack community, and a number of crypto professionals encountered during the Messari and Dubai conferences, the team has decided to move the Bridge Mutual V2 launch date from the initially announced 27th of October 2021 to the 16th of November 2021.

Despite the platform being “ready”, we have decided to dedicate more time and resources towards testing and security checks. As a project, we want to maintain the absolute top standard of security, which sometimes leads to compromises and delays. It has always been our priority to ensure the complete safety of the platform, and in the grand scheme of things, we feel this is the right decision.

Therefore, we have decided to update and increase rewards for the bug bounty program Bridge Mutual is running in partnership with the Immunefi platform. We humbly ask the white hack community for their further support and contribution, and the BMI community for sharing the news about the bounty to relevant parties.

The extra time between now and the V2 launch will efficiently be used:

• We have hired an additional QA tester that focuses solely on the V2 update and is stress testing the application full time.
• A completely new UI refresh of the Bridge Mutual application, as well as an updated Bridge Mutual website, are now officially added to the Bridge Mutual V2 upcoming list of features. We want the looks to match the gravity of the event.
• A Live Test version of the app will be shown to affiliated parties and BMI advisors before the 16th of November in order to integrate some final feedback.
• We will dedicate more resources towards the marketing and PR activities surrounding the launch with the goal of attracting new users and audiences.
• Before the 16th of November, we’ll have more exciting business news to share with the community.

We apologize for the inconvenience, however, our platform’s security remains top priority and we believe that such a small postponement will not matter in the long run. We also learned from the mistakes of the V1 launch and want to dedicate extra time towards testing to avoid early launch bugs.

In case you want to learn more context about Bridge Mutual and decentralized insurance in general, make sure to check out our recent AMA with SushiSwap, whom we have partnered with for a farming program.

Also, we are currently hiring a Growth Marketing Manager, so make sure to drop your CV or recommend a candidate if possible!

You can check our roadmap and learn about the upcoming features here.

As the Bridge Mutual project continues to grow and gain momentum, the team would like to thank the community for its ongoing support and contributions. With more and more positive feedback coming in from the crypto ecosystem, the team is excited for the things to come and can’t wait to share more of its plans in the upcoming weeks and months.

Bridge Knights, assemble!

About Bridge Mutual

Bridge Mutual is a decentralized, p2p/p2b discretionary risk coverage platform covering 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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