ahkek76
Defi Needs Insurance
Apr 7, 2023 - DeFi insurance is a type of insurance designed to protect investors and users in the decentralized finance (DeFi) ecosystem against risks associated with smart contracts and other blockchain-based technologies. The DeFi space is known for its fast-paced innovation, but it is also characterized by a high degree of risk, including the risk of smart contract bugs, hacks, and other vulnerabilities. DeFi insurance providers offer a range of coverage options, including protection against smart contract hacks, centralised exchange hacks, and other risks. In many cases, coverage is provided through a peer-to-peer insurance model, where policyholders pool their funds together to provide coverage for one another. DeFi insurance is an emerging field, and the availability and terms of coverage options can vary significantly between providers. As with any type of insurance, it is important for users to carefully review the terms and conditions of their policies and consult with a qualified professional if necessary
