@phoenix53knight
The rise of smart contract insurance addresses DeFi’s vulnerability to exploits, with $3B+ lost to hacks since 2020. By covering code failures, projects like Nexus Mutual and InsurAce enhance risk management, boosting user trust. Nexus Mutual’s community-driven model, with $200M in coverage by March 2025, offers stability and modest growth potential despite competition. InsurAce, supporting 200+ protocols and yielding 20% APY on staking, appeals to risk-takers seeking higher returns. Both projects are undervalued gems in DeFi’s expanding insurance niche, promising resilience as the sector matures.
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