The DeFi Cover market is on the Move 🚤
DeFi Risk Ecosystem overview July 27, 2021
Hereby we’re presenting you the second market scan of our bi-weekly Ecosystem update in Defi risk markets. At Bright Union, we’re seeing an increasing number of DeFi teams building solutions in the DeFi coverage space, and this article aims to introduce the overview landscape and share knowledge collected around several of the most major protocols.
Highlights
- This week special attention goes to Bridge Mutual which successfully launched their liquidity mining event and are now in business with 22M of cover liquidity and 5M of covered capital.
- Also strong performance from InsurAce which in just 3 weeks, grew by almost 50% from $13M in Active covers to $20M
We believe that decentralized insurance is here to stay and we are witnessing the birth of a new industry. Keep an eye out for our bi-weekly overviews as we will keep you updated about the latest developments in the market.
About Bright Union
Bright Union is launching the world’s leading aggregator and accelerator for the crypto risk markets. Our mission is to make the crypto risk markets work. On our decentralized crypto coverage platform, crypto users can cover their assets, stake and cover the community, and earn guaranteed yield through Bright Staking with embedded coverage.
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