Insurance Protection For Kyber Network Users

Published on: 25.04.2021

A protection for users of decentralized finance is essential to minimize loss of funds from smart contracts hacks.

Announced in a blog post, Kyber Network collaborates with Unslashed Finance to cover $20 Million of user funds in the event of smart contracts malfunction. 

The first insured pools will be in the soon-to-be launched Dynamic Market Maker (DMM) protocol. 

Kyber Network is setting a high level of trust and protection for its users with this new insurance program.

#SmartCrypto

 

 

Market Stats:
BTC Dominance: 57.16%(-0.34%/24h)
ETH Dominance: 13.71%(+0.22%/24h)
Defi Market Cap: $166.18B(-9.90%/24h)
Total Market Cap: $4040.68B(+1.86%/24h)
Total Trading Volume 24h: $149.72B(-1.59%/24h)
ETH Market Cap: $553.81B
Defi to ETH Ratio: 30.01%
Defi Dominance: 4.01%
Altcoin Market Cap: $1731.03B
Altcoin Volume 24h: $102.43B
Total Cryptocurrencies: 36033
Active Cryptocurrencies: 9512
Active Market Pairs: 110443
Active Exchanges: 848
Total Exchanges: 10972
BTC: 115950.69$(0.48%/1H)
ETH: 4591.01$(0.55%/1H)
AVAX: 28.58$(0.08%/1H)
BNB: 910.37$(0.21%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.9$(0.85%/1H)
DOT: 4.24$(0.37%/1H)
UNI: 10.08$(-0.07%/1H)
CAKE: 2.57$(0.05%/1H)
SUSHI: 0.84$(1.81%/1H)
ONE: 0.01$(0.83%/1H)