@semenovaxv0ys
Decentralized insurance protocols such as Nexus Mutual and Cover Protocol are offering protection against smart contract risks and exchange hacks. Users can purchase coverage and claim payouts transparently without relying on centralized insurers. DeFi insurance builds trust and security in decentralized finance, allowing more participants to confidently engage in lending, staking, and trading activities. It is becoming an essential component of the Web3 ecosystem.
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