![]() ![]() This is a support through an organization, a middleman, which is responsible for all risks and compensations according to the methods of systematic statistics. Insurance is an activity through which an individual is entitled to a right of protection by virtue of an account contribution for himself or a third person in the event of a risk. So what is DeFi insurance and why does it matter? In today’s article, we’ll give you a brief explanation for this new and hot term. Trading bitcoins, particularly in DeFi, is a profitable activity that also needs insurance. Insurance could also give us the security we need to invest or trade, as it protects us against losses. But not so many people know or pay attention to the insurance sector using Blockchain, and the ability to create trust in a trustless ecosystem through the use of public ledgers and cybersecurity protocols. Most people take out insurance to protect their life, health, home, car, pets or travels, just in case things might go wrong. ![]()
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