Risk coverage is one of the most identifiable use cases that decentralized finance enables, paving the way for a multi-billion dollar industry based on the widespread hacking and fraud that takes place within the blockchain market. Insured Finance introduces a platform to mitigate these losses once and for all, enabling anyone to take out or fund a decentralized insurance policy as protection against rug pulls, stablecoin devaluation, cryptocurrency exchange hacks, and smart contract manipulation. This first-of-its-kind platform will innovate across the entire industry, allowing anyone to interact with new or potentially compromisable projects without having to worry about a potential loss of funds.
Gearing Up for Launch
Since the announcement of this highly ambitious project, Insured Finance has had its nose to the grindstone, working on bringing decentralized risk coverage to all. Following a highly oversubscribed IDO, the development team has made huge strides since its inception, and is now preparing for the launch of the platform’s testnet. With this release, platform users will be able to begin experimenting directly with on network, testing its capabilities to make sure it can smoothly provide its promised services when Insured Finance launches its mainnet.
On this highly usable blockchain-agnostic network, Insured Finance provides an intuitive and easily navigable dashboard for its users to begin their insurance journey. Since these offerings will most likely be very highly sought after, Insured Finance has made its dashboard as user-friendly as possible, eliminating technical barriers that could scare away non-technical users. The dashboard will initially offer two opportunities for users to capitalize on, taking out coverage and providing liquidity, with more features planned down the pipeline.
Since Insured Finance will mirror the traditional insurance industry’s capabilities, it will provide its users the option to facilitate both ends of the…