Chains, multi chain

Global Risk chain

Bright Union app implements the concept of Global Risk Chain introduced by the team in 2024.

The concept enables multiple use cases, and first of them - allowing sales of DeFi covers cross multiple EVMs. Regardless of where the cover is purchased, it will be:

• fulfilled on the chain where the underwriting capital pool is located

• the cover will protect the user's wallet against risks on all EVMs

Example: Vitalik has purchased a cover protecting his $500k investments on Aave V3, Balancer V4 and Hyperliquid, for 90 days. He's purchased it on Gnosis chain, paying $500 Gnosis USDs. From that moment he is 100% covered on every EVM where these protocols exist. Under the hood, the underwriting capital ($500k) actually resides on Ethereum, and that's where the cover was fulfilled.