Bright Union
  • Welcome
  • Buying Cover
    • Why Buy a Cover
    • How to Buy a Cover on Bright Union
    • Benefits of Bright Union
    • Chains, multi chain
    • Cover types
    • Understand the Specifics of Each Coverage
    • Claims processes
  • How to
    • Buy BRIGHT
  • Developers
    • Integration
  • FAQ
    • FAQ - Buy Cover
  • Terms & Conditions
  • Contact Us
    • Questions
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  1. Buying Cover

Chains, multi chain

Global Risk chain

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Last updated 2 months ago

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Bright Union app implements the concept of 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.

Global Risk Chain