Bright Risk Index

Hi all, We're super excited to share the Bright Risk Index with you - a product which we believe can play a pivotal role in decentralizing the insurance industry. We believe it's time to disrupt this industry and to share the risks as well as the substantial earnings within the community in a decentralized and permissionless manner. The Bright Risk Index allows everyone to become "the insurer" in a super user-friendly manner with a great risk/reward ratio. This is because it has strong diversification (across 3 insurance "companies/protocols" and more than 30 risk pools) and high yield on a stable coin investment (15-25% APY). DeFi Insurance is booming. With billions of dollars lost last year to hacks and protocol failures, more and more DeFi investors realize that insuring their digital assets is essential to mitigate crypto specific risks. Coinbase mentioned DeFi insurance as one of the key crypto trends of 2022. CoinBureau recently highlighted the importance of crypto coverage. Got your interest? 💎 #JointheUnion and take part in the growth of DeFi Insurance! 💎 Check out the Bright Risk Index here: https://brightunion.io/provide-c... Got any questions? Drop them below! The Bright Team

Can you estimate the Bright Risk price impact in the rare occasion that one of the insured protocols gets exploited/hacked?

How would BRI/bright union products would be able to bridge the tradfi expectations and trust establishment practices of insurance with defi applications ? ( As more and more smart contracts are prone to vulnerabilities , providing cover too has its own de-merits ) , what are the steps taken to ensure the bri is unaffected by the exploits ? I like what bright union is doing , i wish you all the very best for all your future endeavors. Have a good one !

💎**BRIGHT UNION** (token: $BRIGHT) is a multichain compatible one stop shop for DeFi Covers, a decentralized and permissionless “insurance" against hacks, scams and protocol failures. We offer the widest range of DeFi covers at the lowest price. Bright Union is being run by a bunch of crypto and insurance experts, who all worked together previously, from the Netherlands (Amsterdam & Utrecht)🤓 **🧐 THE PROBLEM** Hacks, smart contract failures and rug pulls are a big problem in crypto and coverage exists in order to protect users’ funds. However, there is a lack of available capital to underwrite these risks. Popular protocols like Anchor are often sold out. **💎 THE SOLUTION** The Bright Risk Index is an investment which provides capital to solve this issue. It provides APYs of 15%-25% to investors. The BRI is diversified across 3 risk platforms (Nexus Mutual, Bridge Mutual and InsurAce) and numerous protocol covers. It is a win-win for coverage buyers and providers **🔥BENEFITS** ✅ Earn 15-25% APY on a stablecoin investment ✅ Automatically reinvested & compounded rewards ✅ Diversified portfolio of +30 risk pools & +100 risk pools **🧬HOW IT WORKS** Users deposit DAI in the Index. The DAO invests this bi-weekly in a bulk transaction. The user then receives the BRI token. Behind the scenes, DAI is swapped for the relevant tokens (primarily stable coins and also NXM) and allocated into the relevant coverage pool. This allocation ratio is determined by the DAO. Every 2 weeks this process is repeated: new funds are deposited in and the DAO rebalances. Users can trade the BRI token on Uniswap or withdraw from the Index (and the BRI token will be burnt). Read the [Litepaper](https://brightunion.io/wp-conten...) **⚙️BRI TOKEN** The BRI token will always be backed by investments in the underlying risk pools. The value will increase due to fees paid by DeFi users buying insurance cover for their crypto assets **💎INVEST NOW**💎 **app.brightunion.io/provide_cover** 💎💎💎💎💎💎💎💎💎💎💎💎💎💎 🌎 Website: https://brightunion.io/ 🗣 :Twitter: https://twitter.com/bright_union 👥 Medium: https://brightunion.medium.com 🔈Telegram Announcements: https://t.me/bright_union 👨🏻‍💻 Linkedin: https://www.linkedin.com/company... 📺 Youtube: https://www.youtube.com/channel/... 🧩CoinmarketCal: https://coinmarketcal.com/en/coi... 🎮 Discord: https://discord.gg/RTyNDUjKqu

Does BRI require Insurance or is it insured by its nature?

How successful are insurance products in the Defi world? What are your expectations on the growth of Insurance in Defi in the next 5 years?