SiO2 Collaboration With InsureDAO

SiO2 collaboration with InsureDAO, a peer-to-pool insurance market protocol on Ethereum to prevent you from loss due to unexpected behaviors of smart contracts.

• Have you ever been fronted with the risk of governance attacks?
• Did you ever experience bugs or hacking?
• What if the oracle fails?

Well, as the crystal miners, you can purchase your coverages here to make your experience with SiO2 more secure.

Why teaming up with insureDAO?

Their priority is to secure your assets in SiO2, and they are actively working on it. Collaboration with insureDAO is one of the many steps to ensure the the safety of SiO2 crystal mines.

According to statistics, the TVL (total value locked) reached $75B in 2021; however, thousands of hacks or money losse have also been report in the Defi world every year. Thus, the importance of Defi security is clear.

By collaborating with insureDAO, they can provide you with a safer experience and protect your assets more efficiently.

How do the covers work?

If you want to get cover, you can simply find and buy the policy from insureDAO.

When you run into a certain incident, being attacked, or suffer a loss on SiO2, the reporting DAO, an incident oracle starts to work.

The member will investigate and submits a report regarding the incident. Your loss will be cover according to your policy.

They will continue fighting against hacking risks to ensure your property in the crystal mines. Stay alert and stay tuned!

About SiO2 Finance

SiO2 Finance is the multi-VM lending hub on Astar for Polkadot. We aim to become the best lending product with excellent user experience, easy-to-use one-click features, and transparent governance.

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