@whispering59warr
The rise of "smart contract insurance" addresses DeFi’s growing risk management needs, where vulnerabilities in code can lead to massive losses—over $2 billion on BSC alone in 2021. By insuring against exploits, projects like Nexus Mutual and InsurAce enhance user trust and ecosystem stability. Nexus Mutual, a pioneer on Ethereum, offers community-driven coverage with $400M+ in protection by 2025, leveraging NXM tokens for governance and claims. InsurAce diversifies across chains, insuring broader risks like custodial failures. Investment-wise, Nexus benefits from first-mover advantage and a mature model, while InsurAce’s multi-chain approach taps untapped markets.
0 reply
0 recast
0 reaction