DeFi Insurance

DeFi insurance is a blockchain-based way to protect your digital assets and investments within decentralized finance platforms. It works like traditional insurance but operates on smart contracts—automated agreements on the blockchain—that automatically pay out when predefined events occur, such as a platform hack or contract failure. This system reduces reliance on intermediaries, offers transparency, and allows users to buy coverage directly from the protocol. Essentially, DeFi insurance provides a safety net for your cryptocurrencies, giving you peace of mind against risks inherent in the rapidly evolving decentralized finance ecosystem.