Insurance protocols are building the foundational layer to create a safe, transparent financial system
DeFi Slate dHEDGE Pool Is Live: Participate in the crypto revolution on Polygon offering tiny gas fees and outsized returns with DeFi Slate by your side!
DeFi Slate Fam:
Despite the advancements in the DeFi sector, cases of flash loans, rugpulls, private key hacks and smart contract vulnerabilities continue to increase. Despite DeFi insurance protocols having been in the space since 2020, the model still has ways to go as collateralizing risk and offering coverage isnÔÇÖt as simple as it seems.
Today we talked with Dan Thomson the CMO of InsurAce, one of the fastest-growing decentralized multi-chain insurance protocol that has over 100 protocols protected, $34.6M in TVL and $206.8M in Total Value Covered across 16 blockchains. We went over the main reasons for DeFi exploits, how insurance works as well as the current state and pitfalls of DeFi Insurance Protocols.
As more capital flows into the ecosystem, decentralized insurance protocols such as InsurAce will be crucial in making DeFi safer for everyone.
čÖî┬áSponsor Spotlight: Zerion, the #1 place to invest in DeFi! Swap, earn, borrow, lend!
čÖî Together with:
Degate, a Decentralized Layer 2 Exchange based on zk rollups. DeGate will offer secure order-book trading that is faster and cheaper than mainnet.┬áDegate┬áalso offers a fast and efficient L1 – L2 Bridge, testnet is operating now. Try it┬áHERE!
čöą┬áPartner Project Updates
ÔÜá´ŞĆ DISCLAIMER:┬áInvesting in cryptocurrency and DeFi platforms comes with inherent risks including technical risk, human error, platform failure and more. At certain points throughout this post, we might get a commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.
čÜĘ Want to learn DeFi from Silicon Valley Investors & Entrepreneurs?┬áCheck out the DeFi Masterclass Here!
čîÉ Check Us Out On┬áTwitter!
čÜÇ Join the community on┬áTelegram┬áChannel to get our┬áfree┬áV.1. yield farming guide!
čô║ Subscribe to our┬áYouTube channel!
čĹęÔÇŹčĺ╗ Join the DeFi Slate DAO Discord Server!
čľ╝ Interested in NFTs? Check out our new project┬áNFT Slate!