The Bright Risk Index is open for early access!
Bright Risk Index Milestones and Release schedule
We are thrilled to announce that the Bright Risk Index (BRI) is open to the public from this Wednesday, February 9.
The Bright Risk Index allows for the easiest, safest, and most diversified way to act as an “insurer” in the DeFi cover industry while earning attractive returns.
These are the benefits:
✅ Diversified portfolio of +30 risk pools
✅ Earn 15–25% APY on a stable coin investment
✅ Automatically reinvested and compounded rewards
Bright Risk Index Release Schedule
We are determined to launch the BRI in a safe and prudent way. Therefore we have designed a phased release schedule, with precautionary measures and checks that need to be fulfilled before moving to the next phase. We believe that with this approach we can launch and grow the TVL of the BRI in a secure and prudent way.
Earlier in January the Bright Risk Index was made available to a selected number of community members with Cobble & Boulder loyalty status; the so called Private Early Acces phase. During this phase all the main investment functionalities of the BRI were tested with a TVL ~$70K. During this phase we validated the expected APY, implemented key community feedback on the UI and optimized token swapping routes.
Based on the early private access phase, we are confident to move to the next phase and hence we will be launching Public Early Access on February 9. This means that anyone can invest in the Index. As prudence is in our DNA, we will limit the investment at $5000 per user during the Public Early Access, as the Bright Risk Index is still in beta.
Release schedule
After the launch we are determined to hit the following milestones. Firstly, we’ll launch an ongoing bug bounty program with ImmuneFi (the leading platform for bug bounties). Subsequently, an audit on the code will be executed by our partner Armors. After the audit we will ramp up the marketing activities to bring the BRI to the attention of a wider audience.
Curious? Head over to the Bright Union website and check out how the Bright Risk Index works.
About Bright Union
Bright Union is the world-leading multi-chain decentralized finance cover marketplace. Our mission is to safeguard your digital assets from hacks, smart contract failures, and rug pulls by empowering the crypto community to cover one another in a decentralized and permissionless manner.
Bright Union provides the most comprehensive range of crypto insurance on the market at competitive prices. Furthermore, Bright Union developed the Bright Risk Index, the easiest, safest, and most diversified way to act as an “insurer” in the DeFi cover industry while earning attractive returns. Be bright and take advantage of DeFi’s exponential growth.
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