Why Steady State is a Gamechanger for DeFi Insurance
The inherent risks in DeFi have slowed potential growth by deterring institutional investment. Now one decentralized insurance firm is attempting to right that wrong with a range of insurance innovations for the sector. New Money Decentralized finance (DeFi) offers a new path for money, free of centralized control and intermediaries. Until now, however, it was […]
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Risks such as flash loan exploits, hacks, and stablecoin de-pegging are a serious deterrent for DeFi adoption. Now Steady State is seeking to push DeFi out of the “fear zone” by insuring funds held on decentralized protocols. Insurance for DeFi Steady State is launching a comprehensive insurance solution for decentralized finance (DeFi). The project shifts responsibility from individual users, and the protocol holding the underlying assets, and transfers that responsibility to Steady State insurance. Theoretically, this should allow all parties to sleep more soundly at night. Decentralized....
Traditional assets have been commonly protected through the use of insurance, which would soften the blow should something happen to that individual’s investment. There are now multiple options for insurance, specific to the DeFi ecosystem and projects contained in that ecosystem. Currently, only 2% of DeFi holdings are insured, which is a dangerously low amount […]
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 […]
Polkacover, the ingenious platform that bridges the gap between traditional insurance companies and crypto-insurance products has just launched its Demo Decentralized Application, demonstrating how users can connect with several insurance providers offering global insurance products such as crypto-related protection, health, life, and more, with ease. Polkacover is the first decentralized insurance marketplace for the DeFi […]