Uno Re to provide $ 1.5 million in insurance coverage to Nord Finance

In Uno Re’s efforts to bring security to the wider crypto community, the protocol recently announced that its long-term strategic partner, Nord Finance, has increased its coverage from $ 500,000 to $ 1,500,000.

This decision was taken to further improve the security of the protocol and the users of the platform against any unforeseen vulnerabilities. The coverage plan currently provides custom protocol coverage for Nord Finance’s unilateral staking pool, USDC, USDT, and DAI staking pool on the Ethereum network!

Nord Finance will now benefit from insurance coverage on its entire protocol pro rata with Uno Re.

This adjustment will be effective from November 29, 2021

Uno Re is the world’s first decentralized insurance and reinsurance platform, enabling the community to invest and trade “risks” and receive significant returns on their investments in any of the asset classes safest in the world. The platform will break down barriers to entry for the retail investor by removing the historic precondition of an absurdly high capital typically required to invest in the market while introducing much needed transparency across the industry. Uno Re will also enable the community to bring innovative insurance products to the space, propelling a new generation of Insurtech businesses powered by the Uno Re ecosystem.

Source link

About Pia Miller

Pia Miller

Check Also

Nord Center will receive $5,000 as part of the Meijer Team Gives program – Morning Journal

Lorain’s North Center has announced that it will receive $5,000 through the Meijer Team Gives …