Audience
Crypto traders and users looking for a solution to ensure DeFi insurance and risk-managed staking
About iTrust.Finance
iTrust.finance seeks to improve efficiency and usability in the DeFi Market. Maximizing cover capacity and accruing token rewards for stakers in the DAO; increasing the overall market value of the underlying insurance protocol. iTrust.finance creates mutually beneficial relationships between stakers and insurance protocols by maximizing rewards and growing cover capacity for all participants of the DAO, and the wider DeFi community. Build cover capacity1 for insurance protocols, enabling lower premiums and increased adoption. Our first partnership is with Nexus Mutual, with multiple protocols following shortly. Maximizing user staking rewards by understanding the risks surrounding leverage and exposure; and in the future expanding to simple cross-insurer exposure. Managing the end-to-end staking process with a simple user interface, providing an easy-to-use reward accrual platform.
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Nexus Mutual
Nexus Mutual uses the power of Ethereum so people can share risk together without the need for an insurance company. Secure risk and potential bugs in smart contract code. Be covered for events like The DAO hack or Parity multi-sig wallet issues. Nexus Mutual is run entirely by its members. Only members can decide which claims are valid. All member decisions are recorded and enforced by smart contracts on the Ethereum public blockchain. Smart Contract Cover is not a contract of insurance. Fellow members will decide on claims. Claims payments are enforced by token driven economic incentives rather than placing trust in an insurance company. Tokenisation of the mutual enables a scalable way to raise risk capital, with the model encouraging an inflow of funds only when required. The token price is linked to the adoption and underlying performance of the mutual, rather than speculation.
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Armor is a DeFi coverage aggregator that makes securing your DeFi assets against hacks as easy as possible. arCORE tracks and protects your crypto assets, you pay per second! Buy a cover that can be sold, traded or staked for rewards. Swap and deposit your (w)NXM tokens and earn yield. Auto-protect your liquidity positions without extra costs. Armor is a decentralized brokerage for cover underwritten by Nexus Mutual’s blockchain-based insurance alternative. DeFi protocols are largely open source, making them an easy target for hackers. Repeated large-scale hacks could prevent DeFi from achieving mainstream adoption. Insurance makes sense to buy for those who might not recover from losses potentially incurred by smart contract risks. Armor is a smart insurance aggregator for DeFi, built on trustless and decentralized financial infrastructure. Users may cover their assets against smart contract risks across popular protocols such as Uniswap, Sushiswap, AAVE, Maker, Compound, Curve, etc.
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iTrust.Finance
Founded: 2020
itrust.finance/
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