Bridge Mutual Partnership And AMA With Terra Money

To facilitate cooperation and knowledge exchange between the BMI and LUNA communities, the Bridge Mutual team will participate in an AMA hosted by Terra Money to explain the potential of this partnership to the communities of both projects. The AMA shall take place on the 27th of June at 17:00 KST.

Terra Money will participate in Bridge Mutual’s Coverage Mining Event on June 29, and commit initial liquidity for its users to purchase coverage for their Anchor positions from the very beginning of the Bridge Mutual platform. Terra stablecoins offer instant settlements, low fees, and seamless cross-border exchange — loved by millions of users and merchants.

About Terra Money

Terra is an application-specific blockchain built on the Cosmos SDK and Tendermint consensus. The Terra protocol deploys a suite of algorithmic, fiat-pegged stablecoins underpinning a thriving DeFi ecosystem like Anchor and Mirror Protocol. LUNA, the native staking and governance asset of Terra, absorbs the short-term volatility of Terra’s stablecoins, with Terra’s stablecoin (e.g., UST) demand a function of demand for Terra’s DeFi ecosystem.

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.