Bridge Mutual and Unido create the second MLP on POP!

Dear POP! Town,

Today we are excited to announce that Bridge Mutual and Unido have decided to launch the second Mutual Liquidity Pool (MLP) on POP!

You can find the MLP on our website here!

The launch of this MLP sends a strong message to the market, by displaying the sincerity and commitment behind their partnership, while providing the opportunity for their respective communities to directly benefit from this partnership. In this article we will elaborate on what this means, the details surrounding the MLP, and finally some information on their partnership.

What does this mean?

To better understand how this will work, let’s have a look at an example:

Assume that Popeye owns BMI tokens and he would like to participate in the BMI x UDO MLP. First of all, he would access our website here, and connect with his wallet that holds the BMI tokens.

After entering the app, Popeye will find and select the BMI x UDO MLP. At this point he will be greeted with our MLP Marketplace, which provides a UI for Making and Taking single-sided offers. Given Popeye holds BMI, he can make an offer with his BMI tokens in order to match with a UDO holder.

Let’s assume that he holds 1,000 BMI and would like to make an offer with all his tokens. All he would need to do is input the values marked in the Make Offer window (Purple window), confirm the necessary transactions, and it will be displayed on the marketplace.

At that point, once a UDO holder Takes his offer, both Popeye and his partner’s funds will be joined and added into the LP, whereby they will begin their farming partnership!

Throughout the farming period both Popeye and his farming partner can claim their rewards (in the form of POP!, BMI and UDO tokens). At the end of the farming period, they will be able to claim back their initial tokens, and should one of the farmers have suffered a loss due to impermanent loss, a portion of the loss will be mitigated through POP!’s rebalancing mechanism.

For more information on how POP! works, and how to interact with our App, please check out our guide here. Should you have any questions, please check out our FAQ, or shoot us a message on our telegram group.

Details about the MLP

About the Partnership

The partnership will enable $UDO clients to purchase discretionary coverage to safeguard their crypto assets in a transparent and decentralized manner, providing an additional layer of protection to their holdings.

Additionally, they are exploring an extension in the scope of their partnership, with Bridge Mutual looking to utilize Unido’s multi-signature key management mechanism to enhance internal security controls for their application.

For more information regarding their partnership, please read their medium articles — Bridge Mutual Announcement | Unido Announcement

About POP!

Powered by Faculty Group, POP! aims to set a new golden standard with regards to partnerships, and how they are perceived in the digital asset ecosystem.

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POP! is a platform that allows 2 projects to prove their partnership and allows single-sided LP funding on Uniswap, by matching providers.