Bridge is a decentralized, discretionary insurance application built on Ethereum. It allows users to provide coverage to smart contracts, stablecoins, and exchanges that they think are safe in return for yields and profit sharing. Likewise, it allows other users to purchase coverage policies against those same assets, providing coverage for stablecoins, centralized exchanges, and smart contracts. The platform enables users to provide coverage, decide on claim payouts, and get compensated for participating in the ecosystem. Both claims assessment and fund investment are on-chain and auditable by the public. All claims go through a 3-phase voting process that is enforced with rewards and punishments, ensuring a thorough process for every claim.

Bridge aims to revolutionize traditional insurance, which often lacks transparency and has misaligned incentives. Additionally, Bridge is more efficient than traditional insurance companies as it eliminates the need for branch offices, claims specialists, or agents. The turnaround time for claims and voting is predictable and always under 6 weeks, regardless of the claim size.