DeFi Risk Platform Update

Bright Union
2 min readMay 24, 2022


With the UST/Luna crash this week, the entire market is suffering. In the short-term, insurance liquidity providers are likely to pull some of their funds from insurance underwriting. However, longer-term, this week’s events have shown all users the importance of insurance and other protections within DeFi.


  • InsurAce increase active cover, annualized premiums and cover liquidity
  • Tidal finance has recovered well after their dip in market cap earlier this month
  • Bright Union is nearing completion of integrating with Ease Finance (formerly Armor.Fi) which will increase sales in the long-run

Most popular covers

Nexus Mutual Top 3 protocols covered:

  1. Anchor
  2. Enzyme v3
  3. Aave v2

Bridge Mutual Top 3 protocols covered:

  1. Anchor
  2. Curve DAO
  3. Pickle Finance

InsurAce Top 3 protocols covered:

  1. UST De-Peg
  2. USDT De-Peg
  3. GMX

About Bright Union

Bright Union is the world-leading multi-chain decentralized finance cover marketplace. Our mission is to safeguard your digital assets from hacks, smart contract failures, and rug pulls by empowering the crypto community to cover one another in a decentralized and permissionless manner.

Bright Union provides the most comprehensive range of crypto insurance on the market at competitive prices. Furthermore, Bright Union will soon release its unique suite of cutting-edge risk solutions, providing investors with outstanding investment and coverage opportunities. Be bright and take advantage of DeFi’s exponential growth.

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Bright Union

DeFi Insurance marketplace that allows DeFi users to to buy and provide coverage against hacks and protocol failures.