Mar 24, 2021 · 2 min read · cat
Risks can be unpredictable in the crypto field, and this is especially true in the DeFi space. Linear Finance is thrilled to announce that we are partnering with decentralized risk coverage platform Bridge Mutual. Assets held on Linear Finance can now be covered from the unforeseeable events through Bridge Mutual.
Linear Finance will integrate Bridge Mutual’s risk coverage widget into its platform, allowing all users to cover their risk. Bridge Mutual’s standard coverage includes smart contract exploits, hacks, rug pulls, and other unexpected events that could jeopardize Linear Finance users’ interest.
We believe this partnership will allow our users to explore the linear ecosystem without worry of external factors that sometimes tarnish the DeFi space. Users can interact with our ecosystem and have confidence they are covered.
Kevin Tai, CEO of Linear Finance said, “We are excited to collaborate with Bridge Mutual as they have built out a comprehensive risk coverage platform. And in true DeFi fashion, this not only allows Linear users to purchase additional coverage on our protocol but also users to stake and act as coverage providers on ourselves and other partner protocols.”
Mike Miglio, CEO of Bridge Mutual said, “Linear Finance is a great platform where you can quickly create, trade, and manage synthetic assets. We are happy to provide coverage to Linear Finance to lessen the risks within the ecosystem.”
Linear Finance is the first cross-chain compatible, decentralized delta-one asset protocol to quickly and cost-effectively create, trade, and manage liquid assets (Liquids) and creative thematic Digital Traded Funds.
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, share profit, and get compensated for adjudicating claims.