📚 DeFi Day 34: DeFi Insurance 🛡️ Today, let’s understand: What happens when something goes wrong in DeFi? Smart contract bug → Hack → User funds at risk DeFi insurance can help protect users against certain risks. Simple flow: User → Pays Premium → Insurance Pool → Claim → Compensation Why does it matter? 🛡️ Protects users from certain protocol risks 💰 Creates a new financial market 🏦 Makes DeFi more trustworthy 🌐 Could help bring more users into on-chain finance For DeFi to grow, it’s not enough to build lending, trading and liquidity. We also need risk protection. Would you pay a small fee to protect your DeFi funds from smart-contract risk? 👀
VinayShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.