DeFi insurance grew in 2022 to include nearly two dozen providers

Last year was pivotal for decentralized finance (DeFi), particularly in the insurance sector, where a new report suggests that $34.4 million was given out in DeFi insurance claims. The post DeFi insurance grew in 2022 to include nearly two dozen providers appeared first on CryptoSlate.

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Its pay out time for DeFi insurance

Last week founders from the top DeFi insurance companies, Nexus Mutual, InsurAce, Bright Union, and Amulet, came together to discuss the UST de-pegging event. The post Its pay out time for DeFi insurance appeared first on CryptoSlate.

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Opium and UMA Unveil DeFi Insurance for SpaceX Launches

The decentralized finance (DeFi) synthetic derivatives Opium Finance protocol has partnered with UMA to launch decentralized SpaceX insurance. The post Opium and UMA Unveil DeFi Insurance for SpaceX Launches appeared first on BeInCrypto.

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Sam Bankman-Fried, Andre Cronje Rescue DeFi Insurance Protocol

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Nexus Mutual surpasses 1% of total DeFi TVL as insurance market heats up

Nexus Mutual, the insurance coverage provider for decentralized finance (DeFi) protocols, surpassed $74 million in active coverage. The post Nexus Mutual surpasses 1% of total DeFi TVL as insurance market heats up appeared first on CryptoSlate.

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Yearn Finance Offering Tokenized Nexus Mutual Insurance Covers for 5 Top DeFi Protocols

YearnFinance is all set to provide insurance for the popular DeFi projects that involve Balancer, Compound, Curve, Synthetix, and Yean Finance itself. “Impossible to be bullish DeFi and not see insurance as a critical pillar,” noted Jason Choi of crypto fund The Spartan Group.

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Since bZx Exploit, Enthusiasts Flock to DeFi Insurance

The recent bZx exploit has the DeFi community searching for answers in the midst of a security crisis. Insurance is an efficient way to protect oneself against risk, and DeFi...The post Since bZx Exploit, Enthusiasts Flock to DeFi Insurance appeared first on Crypto Briefing.

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Amid DeFi Security Concerns, Opyn May Have an Answer

Opyn, a new DeFi product, has introduced an options-based insurance market for investors to hedge against black swan events and insure their Compound deposits. By leveraging options, the insurance mechanism...The post Amid DeFi Security Concerns, Opyn May Have an Answer appeared first on Crypto Briefing.

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Options Protocol Brings ‘Insurance’ to DeFi Deposits on Compound

A company called Opyn is bringing trustless insurance to the Compound DeFi protocol.

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Negative Interest Rates Sending Germans to Life Insurance While DeFi Gives 8%

The European Central Bank is now charging 0.5% for depositing with it when it used to give some 2% on such deposits. This has led banks to offer savings rates... The post Negative Interest Rates Sending Germans to Life Insurance While DeFi Gives 8% appeared first on Trustnodes.

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