Multi-Chain DeFi Insurance Aggregator Shield Finance Raises $780k In Private ...
The decentralized finance industry needs to keep evolving and growing. Shield Finance aims to provide a DeFi insurance aggregator service across multiple blockchains. Following a successful funding round and ahead of the upcoming IDO, there is a lot to look forward to. The Purpose Of Shield Finance The future of decentralized finance will heavily rely […]
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The next generation of decentralized finance protocols and services will need to offer better security and protection to users. Insurance packages are currently a novelty in the industry, but that may not be the case for much longer. Shield Finance has a bold vision to combine the best of DeFi and insurance into an accessible […]
iTrust is the first of its kind, a Layer 2 yield aggregator for decentralized insurance. Users of decentralized insurance have the opportunity to derisk through DeFi by earning a passive yield with their insurance tokens. The rise in smart contracts has attracted forward thinkers who are willing to advance innovation at every turn. With north […]
DeFi protocol Impossible Finance is building a multi-chain incubator to expand out from BSC. Impossible Finance, a Defi protocol built on Binance Smart Chain, has completed a $7 million seed funding round backed by over 125 institutional and angel investors — with the funds going towards the development of a multi chain DeFi incubator. The seed round was led by venture capital firm True Ventures, and quantitative investment firm Alameda Research, blockchain development firm Hashed and investment firm CMS Holdings. Impossible Finance was launched on BSC on April 9, and the protocol....
Investors include Lemniscap, P2P capital and others. Unslashed Finance has sold $400 million in coverage since its private launch last month. Unslashed Finance, a decentralized insurance protocol built on Ethereum, has raised $2 million to fund its tokenized insurance product, highlighting another positive use case for blockchain technology. The funding round, which was led by Lemniscap, P2P Capital and other investors, will aid Unslashed Finance in expanding its decentralized insurance protocol for crypto assets. The protocol works by connecting people willing to buy insurance for their....
With over $2 billion lost in decentralized finance this year, there exists a huge market opportunity for crypto insurance providers, according to an executive. While on-chain insurance has been around since 2017, only a measly 1% of all crypto investments are actually covered by insurance, meaning the industry remains a “sleeping giant,” according to a crypto insurance executive.Speaking to Cointelegraph, Dan Thomson, the CMO of decentralized cover protocol InsurAce said there is a massive disparity between the total value locked (TVL) in crypto and decentralized finance (DeFi) protocols....