Uno Re to provide 1.5M insurance coverage to Nord Finance
December 01 2021 - 6:39AM
NEWSBTC
In Uno Re’s effort to bring safety to the broader crypto community,
the protocol has recently announced that their long-term strategic
partner, Nord Finance, has increased its coverage from $500,000 to
$1,500,000. This decision was taken to further enhance the safety
of the protocol and the users on the platform against any
unpredictable vulnerabilities. The coverage plan currently provides
a customized Protocol Cover for Nord Finance’ single-sided staking
pool, USDC, USDT and DAI staking pool on the Ethereum Network! Nord
Finance will now receive insurance coverage over their entire
protocol on a pro-rata basis with Uno Re. This adjustment will be
effective from 29th November 2021 Uno Re is the world’s first
decentralized insurance and reinsurance platform, allowing the
community to invest and trade in ‘risk’ and receive sizable returns
on their investments in one of the safest asset classes in the
world. The platform will break barriers to entry for the retail
investor by doing away with the historic pre-requisite of absurdly
high capital generally needed to invest in the market while also
introducing much-needed transparency into the industry as a whole.
Uno Re will also allow the community to propose innovative
insurance products to the space, thus propelling a new generation
of Insurtech companies powered by the Uno Re ecosystem.
Ethereum (COIN:ETHUSD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ethereum (COIN:ETHUSD)
Historical Stock Chart
From Sep 2023 to Sep 2024