Kyber Network x Unslashed Collaboration
Kyber Network & Unslashed announced collaboration to purchase bulk insurance for #DMM, covering all liquidity providers & market-makers.
Kyber demonstrates the importance of combining the transparency of self-custody and smart-contract audits with insurance as an additional layer to mitigate risk for users.
The Unslashed and Kyber teams collaborated on this policy that will cover about $20m of user funds. Should an event occur, the claim on their policy will cover their users from any potential losses. This way, the new Kyber DMM protocol is able to achieve a high level of security and reliability.
The purchase of bulk insurance for its users by Kyber Network is another step in the right direction.
It offers significant benefits to Kyber in several ways:
- It provides a smoother experience for users and fosters inclusivity
- It builds trust between Kyber and its users and demonstrates how important protecting its users really is
- It sets the precedent that insurance is a must-have
What is Unslashed?
Unslashed is the Insurance Products that crypto needs.
What is Kyber Network?
Kyber is a blockchain-based liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.
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