Can you get insurance for defi?

Asked 2 years ago

Afternoon. Is there any way I can get insured against exchange exploits and hackers?

Anderson Ezie

Tuesday, February 01, 2022

Insuring your DeFi assets is one way to hedge against volatility, crashes, theft, and hacks. Technical crashes and hacks are common in DeFi, and thankfully, there are protocols that exist to protect investors against these unforeseen events. The problem is that a lot of people are not aware of these protocols. Each protocol also covers specific risks so you should study the platform website and whitepaper carefully before subscribing to their packages. The most popular at the moment are, Bridge Mutual, Nsure, and Nexus.

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