Insured Finance Description
Insured Finance operates as a decentralized P2P insurance marketplace that facilitates easy claims and swift payouts, built on the robust Polygon network. This platform allows participants to seamlessly request or offer coverage for an extensive range of cryptocurrency assets. With fully collateralized claims, users can expect immediate compensation, thereby safeguarding against vulnerabilities such as bugs and smart contract exploits. Given that tens of millions in USD have been lost to smart contract attacks, Insured Finance serves as a protective measure against these risks. Additionally, users can insure their cryptocurrency holdings on exchanges, mitigating the financial impact of hacks or bankruptcy events that have led to hundreds of millions in losses. The stablecoin sector has expanded to over $25 billion, but it remains susceptible to various hazards, including security breaches and issuer insolvency. Insured Finance enables users to shield themselves against potential stablecoin failures, ensuring their investments are better protected in an unpredictable market. With this innovative approach to insurance, participants can engage with cryptocurrency markets more confidently.
Insured Finance Alternatives
MEXC
Established by experienced quantitative trading experts from Wall Street, Europe, and Japan as a decentralized organization, MEXC (previously MXC) is dedicated to delivering secure, rapid, and user-friendly cryptocurrency trading services for digital asset enthusiasts globally. The MEXC platform features five distinct business models: Spot Trading, C2C, Derivatives, PoS Pool, and MXC Labs. It leverages a high-performance mega-transaction matching engine and implements a distributed "Super Node" program to ensure robust community autonomy. Additionally, assets are safeguarded by top-tier security firms, including Palmim and Knownsec. MEXC Exchange sets itself apart as a cryptocurrency-focused platform, founded by seasoned blockchain industry professionals and specialists from prominent financial centers. By prioritizing safety and user experience, MEXC aims to provide smarter and more convenient exchange services, with a commitment to creating a leading cryptocurrency exchange platform on a global scale. Furthermore, MEXC continuously seeks to innovate and adapt to the evolving needs of the cryptocurrency market.
Learn more
Figure Markets
Figure Markets is an innovative crypto exchange offering services like ZERO fee buying, selling, and borrowing cryptocurrencies, with a focus on user control and security. Instantly access liquidity with Crypto-Backed Loans—borrow against BTC, ETH, SOL at industry low rates starting from 8.91% APR, with no hard credit checks, no prepayment penalties, and 12 month terms. Keep your crypto, get your cash!
Trade on the Figure Markets Crypto Exchange with zero trading fees, built on the Provenance blockchain for fast execution, deep liquidity, and decentralized custody. New users can earn up to $200 for their trades.
Earn yields like a pro: Earn up to 9% yield with Democratized Prime (be the bank), or 3.84% with YLDS the first-ever SEC-registered, yield-bearing stablecoin. Transparent, secure, and instant—Figure Markets puts full control in your hands.
Whether you're an investor, trader, or simply need cash without selling your crypto, Figure Markets offers a seamless, secure experience where TradFi and DeFi converge.
Learn more
Squirrel Finance
Squirrel Finance introduces a pioneering decentralized insurance solution tailored for yield farming on the Binance Smart Chain (BSC), providing instant and automatic compensation for users whose funds are either locked or stolen. While incidents of "rug pulls" or code vulnerabilities are relatively rare, Squirrel caters to users seeking enhanced security for their investments. It operates by enveloping existing farms on BSC with a smart contract that facilitates deposits into the underlying farms, such as CAKE, allowing users to engage in farming as they normally would, but with the added benefit of coverage. Upon a user's withdrawal, Squirrel verifies that the amount returned aligns with the user's original deposit; in cases where discrepancies arise, users are automatically compensated in NUTS during the same transaction for their insured value. The entire process is devoid of human intervention, ensuring a seamless experience. Squirrel combines decentralized insurance with automatic payouts, leading to a simplified farming experience supported by NUTS insurance, which also serves as the governance token that enables users to manage the protocol and earn fees from farm insurance. This innovative approach redefines how investors can protect their assets while participating in yield farming activities.
Learn more
Tidal Finance
Tidal Finance aims to create a decentralized insurance marketplace within the DeFi ecosystem, facilitating connections between insurance providers and buyers to mitigate risks associated with smart contract vulnerabilities. The platform enables users to establish tailored insurance pools catering to one or multiple protocols. Its primary goal is to enhance capital efficiency and returns, thereby enticing reserve providers while simultaneously offering competitive premiums to insurance buyers. As decentralized finance gains traction, there is a growing demand from both individuals and institutions for guarantees that their investments in emerging protocols remain secure. Like any innovative technology, smart contracts face risks of hacking and manipulation. To drive the widespread adoption of DeFi solutions, it is crucial to bolster trust in these protocols. Tidal addresses this challenge by offering a solution that is economically appealing to DeFi users, ensuring transparency, profitability for stakeholders, and maintaining a decentralized and scalable structure. By fostering greater assurance in the safety of investments, Tidal Finance plays a vital role in the ongoing evolution of the DeFi landscape.
Learn more
Integrations
Company Details
Company:
Insured
Year Founded:
2020
Website:
insured.finance/
Media
Recommended Products
Gen AI apps are built with MongoDB Atlas
MongoDB Atlas is the developer-friendly database used to build, scale, and run gen AI and LLM-powered apps—without needing a separate vector database. Atlas offers built-in vector search, global availability across 115+ regions, and flexible document modeling. Start building AI apps faster, all in one place.
Product Details
Platforms
Web-Based
iPhone App
iPad App
Android App
Types of Training
Training Docs
Customer Support
Online Support
Insured Finance Features and Options
Insured Finance User Reviews
Write a Review- Previous
- Next
