????DeFi by Design EP61: InsurAce As A Core Building Block To DeFi

Insurance protocols are building the foundational layer to create a safe, transparent financial system

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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 isn’t 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.


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⚠️ DISCLAIMER: Investing 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.


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