DeFi

DeFi insurance is coming to Solana to protect users against exploits

Crypto spoke to the founding father of Amulet Protocol, Rupert Barksfield, about launching the primary DeFi Insurance coverage platform on Solana. Watch the video beneath to search out out whether or not Amulet might be providing insurance coverage towards Solana outages, de-peg insurance coverage, and safety towards different issues that may happen in DeFi.

Concerning Solana’s notorious downtime, Barksfield in contrast the present state of Solana to early Ethereum growth. He claims that the actual fact Ethereum customers noticed “huge outages with Crypto Kitties being launch, the DAO, and we noticed the entire chain collapse a number of occasions” is a cause to be extra forgiving to Solana’s present points.

The interview is 23 minutes lengthy, and Barksfield does a improbable job explaining DeFi insurance coverage and the way it may also help defend customers from the kind of black swan occasions which have plagued crypto over the previous few months.

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