Crypto Insurance: Why You NEED IT!! Complete 101 Guide!
That's the amount of money that was lost in DeFi hacks last year!
As the DeFi sector has seen exponential growth over the past 2 years, so has the amount of hacks, rug pulls and smart contract bugs.
However, there is a way to protect yourself from this - and that is through Defi insurance.
So, in the video I have for you today, I’m going to be taking a deep dive into the crypto insurance sector. I will be taking you through the concept of blockchain insurance and how it differs from traditional insurance.
I might also give you a few of my own personal tips regarding the protocols that I believe have the most potential in the long-term, and exactly how you can use them.
As DeFi continues to grow and expand over time, there could most definitely be a solid use case for insurance protocols in the blockchain world. So, it's more important now than ever to know about the benefits of these protocols.
⛓️ 🔗 Useful Links 🔗 ⛓️
KPMG Report: https://home.kpmg/content/dam/kpmg/ae...
$120 Million Stolen In 2020 : https://www.theblockcrypto.com/linked...
Coinrail Hack: https://www.coindesk.com/markets/2018...
Bitgrail Hack: https://coinmarketcap.com/alexandria/...
CoinCheck Exploit: https://fortune.com/2018/01/31/coinch...
Nexus Mutual: https://nexusmutual.io
Bridge Mutual: https://bridgemutual.io
iTrust Finance: https://www.itrust.finance
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.