Insurance, Ethereum, Founder of Nexus Mutual
84 Followers
All the yields in one place.
Traditional banks are run by humans. Onchain banks are run by code. FDIC backs the tradfi banks. @NexusMutual backs the onchain banks.
At what $ amount (or % of net worth) does the fear/anxiety kick in when you send crypto?
Would you be willing to pay a small extra fee on each transaction to be sure it's safe?
The further you are from reality the bigger the dream can be. Points are further from reality than tokens, as points are far less traded.
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If you have a multi-sig with a standardised social recovery process you can create the crypto version of FDIC. Cover the smart contract risk plus failure in the recovery process.