Bridge Mutual allows any person to create and provide liquidity for coverage pools for any smart contract, exchange, or listed service at any time in exchange for a yield. Other users can then purchase a coverage policy to βinsureβ themselves against hacks, rug pulls, or other exploits that result in a permanent loss of funds.
Coverage for stablecoins, a different product within the platform, protects against any loss of value caused by an event that de-pegs a stablecoin from its pair, usually one U.S. dollar. Bridge Mutual will consist of thousands of coverage pools that represent coverage for every platform, exchange, and stablecoin asset in the industry.