Bridge Mutual will be providing coverage to Olive, a multi-chain protocol primarily known for combining DeFi’s inherent composability.
The beauty of Olive Protocol lies in its simplicity. Olive has a vault structure, which abstracts away all of the complexities of structured products, such as underwriting, pricing, juggling strike prices and rollover. Instead, users have to deposit assets in their favoured strategy, and Olive’s auto-compounding vaults take care of the rest.
Olive already has one of the largest suites of structured and options products in the form of:
- Principal Protection Notes
- Fixed Coupon Notes
- Covered Call
- Cash-Covered Put
Bridge Mutual’s partnership with Olive Protocol provides DeFi users with protection against the increasing number of hacks and exploits targeting the market. In 2022, the total amount of money stolen through such attacks reached more than $3 billion and the trend continues to rise. Bridge Mutual is providing additional security measures, risk protection and coverage options to the Olive Protocol. The steps taken will allow Olive users to feel confident using the protocol in the DeFi market.
