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DeFi insurance: a temperature check

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DeFi insurance: a temperature check

An interesting article about DeFi insurance was recently published by Decrypt: https://decrypt.co/119908/defi-cover-degen-insurance.

According to opencover.com, the current top DeFi insurance providers are only covering around $280 million in assets, which is less than 1% of the overall $47 billion assets in the DeFi space. This raises the question, is the low adoption of DeFi insurance due to a lack of awareness, or is it because existing providers are difficult to use? I'd love to hear from this community about their experiences with DeFi insurance.

https://preview.redd.it/15gy3myw7fea1.png?1104&format=png&auto=webp&s=838b647a8cff2db8bd089570b0fab9773f5106c1

submitted by /u/gordijnhoofd
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