Description
Nsure Network is a decentralized insurance platform on Ethereum, designed to integrate traditional insurance dynamics into the DeFi sector. It functions similarly to Lloyd's of London, offering a marketplace for trading insurance risks with dynamic pricing determined by supply and demand. The platform covers risks such as smart contract vulnerabilities and exchange hacks, addressing key challenges in DeFi adoption. Governed by NSURE token holders, the network involves a decentralized decision-making process for claims and underwriting. Offering a total supply of 45 million NSURE tokens, it enables users to stake NSURE to back risks and earn premiums. The dynamic capital management ensures adequate reserves for claims while controlling risks. Actively traded across 19 markets with daily trading volumes over $133k, Nsure Network seeks to provide secure, transparent insurance solutions for the emerging DeFi landscape. The full scope of their services is detailed on their official website.
Nsure Network is a decentralized insurance platform on Ethereum, designed to integrate traditional insurance dynamics into the DeFi sector. It functions similarly to Lloyd's of London, offering a marketplace for trading insurance risks with dynamic pricing determined by supply and demand. The platform covers risks such as smart contract vulnerabilities and exchange hacks, addressing key challenges in DeFi adoption. Governed by NSURE token holders, the network involves a decentralized decision-making process for claims and underwriting. Offering a total supply of 45 million NSURE tokens, it enables users to stake NSURE to back risks and earn premiums. The dynamic capital management ensures adequate reserves for claims while controlling risks. Actively traded across 19 markets with daily trading volumes over $133k, Nsure Network seeks to provide secure, transparent insurance solutions for the emerging DeFi landscape. The full scope of their services is detailed on their official website.
