VegaswapAMM Announces Partnership with Bridge Mutual
We are incredibly excited to announce our latest partnership with Bridge Mutual. Bridge Mutual offers decentralized coverage for smart contracts, stablecoins, exchanges, and more. They specialize in providing decentralized, transparent, fair, disruptive, efficient, and quick services with several key advantages for users.
Bridge Mutual is an asset discretionary coverage platform that became the first company to introduce decentralized insurance on stablecoins. They allow users to insure each other and offer the possibility of reimbursement in the wake of a market crash or attack.
The team at Bridge Mutual has devised novel methods of mitigating the risk of funds lost due to unaudited/faulty smart contracts, exchange hacks, and other digital assets vulnerabilities with a marketplace aimed at investors to provide subsequent relevant insurance coverage.
Users at Bridge Mutual can lock stablecoins in Bridge Mutual’s coverage pools. These pool funds are then used to provide return yields to coverage providers through the investment in the most popular yield generating platforms.
The VegaswapAMM stablecoin is a pivotal part of our automated market-making platform and creating confidence in the VegaswapAMM project. Our stablecoin mitigates the risks associated with high levels of volatility and converges a wide range of market factors in providing users a mechanism to prevent any unnecessary or inorganic loss of value on our platform.
Being a digital asset insurance specialist, a partnership with Bridge Mutual, and their ability to offer stablecoin insurance coverage, was all too simple for both parties to make. As we advance, users of the VegaswapAMM exchange will also benefit from Bridge Mutual’s services and our exchange features.
Our partnership with Bridge Mutual is among the many important and exciting announcements we have planned. There is plenty of news to be released over the coming weeks and months, so be sure to follow our social media channels and keep up to date with our latest developments as they are released!
About Vegaswap
Vegaswap is a user-centered automatic market maker that leverages multichain technology, providing users with a wide range of DeFi and cross-chain applications through its platform. It supports and enables seamless token earnings through customizable liquidity pools, dynamic pricing, and an intuitive UI. Vegaswap makes the work of LP providers efficient and profitable by creating provisions for unique smart pools, providing analytics tools, and reducing impermanent loss with adaptive spread.
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