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Bridge Mutual
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  • Etherscan interaction guides
    • BMI tokens
      • Old (v1) BMI staking
    • USDT tokens
  • Bridge Mutual: Overview
    • Understanding the Dashboard
  • Glossary
  • Staking
    • Native BMI staking
    • Native BMI staking update
  • Policies
  • Buying coverage
    • Buying Coverage Policies
  • Types of coverage
    • 📄Smart Contract
    • 📌De-pegging
    • 🎩Custodian
  • Making a claim
  • Claim voting process
    • How to Vote
  • Reputation and reward system
    • How to receive rewards
  • Coverage
    • Coverage pools
      • Making a Coverage Pool
    • Providing coverage
      • Providing Coverage Liquidity
    • Withdrawing coverage
    • Rewards for coverage providers
    • SushiSwap Liquidity & Staking
  • V2
    • Overview
    • Leveraged Portfolios
      • Providing Leveraged Coverage
    • Capital & Reinsurance Pools
    • Shield Mining
      • Participating in Shield Mining
    • Bridge Mutual Widget
      • Widget integration
        • SDK integration
        • Solidity contract integration
        • Javascript integration
    • Migration to V2 Notes
    • BMI Bridge
      • How to use the Bridge
  • Other
    • Media Kit
    • Links
    • FAQ
    • Governance
    • Roadmap
    • Allowance
  • Legacy events and info
    • Claiming rewards and the inflation mitigation mechanism
    • Coverage Mining Event: 09.07.2021 - 23.07.2021
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  • STEP 1: SELECT COVERAGE POOL
  • STEP 2: Provide Amount and Approve
  • Important Notes

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  1. Coverage
  2. Providing coverage

Providing Coverage Liquidity

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Last updated 3 years ago

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STEP 1: SELECT COVERAGE POOL

To provide coverage for a project, you may visit the “Provide Coverage” section. You may navigate through the provided smart contract coverage pools options on the page.

STEP 2: Provide Amount and Approve

After selecting the desired smart contract, you will be directed to a Deposit & Stake section, where you may then choose the amount of USDT to deposit into the coverage pool for the project. You may also select the percentage of deposit they would like to stake immediately before accepting the staking.

Important Notes

When you would like to choose to unstake and leave a coverage pool, there is an eight (8) day waiting period to allow pending claims to be fully resolved. When staking USDT, you are exposing yourself to risk. If a claim is paid on a smart contract you staked on, you could lose your deposit.

Note that it is recommended to stake 100% of the deposit to earn the most interest. To view the recently staked assets, users may visit the Dashboard to view their liquidity.