Bridge Mutual and Standard Protocol Synergize to Increase Trust and Safety
Bridge Mutual ($BMI) announces a collaboration with Standard Protocol, a Collateralized Rebasable Stablecoin protocol for synthetic assets operating across Polkadot ecosystem. Within this synergetic partnership, Bridge Mutual and Standard Protocol can better safeguard the collateralized assets.
Standard Protocol offers a solution to significant issues with algorithmic stablecoins. Arguably, the biggest challenges within their ecosystem are unsustainable use cases for interoperability, over- centralized oracles, and difficulty in tracking auctions. Standard Protocol fixes these issues by generating collateralizable stablecoins with elastic supply. Standard also proposes block rewards to oracle providers with an 8:2 ratio between validators and providers.