How iTrust Finance Scales Chain Insurance

iTrust is the first of its kind, a Tier 2 Decentralized Insurance Revenue Aggregator. Decentralized insurance users have the opportunity to exit DeFi by earning negative returns with their insurance tokens.

The rise in smart contracts has attracted thinkers willing to drive innovation at every turn. With just $60 billion tied up in the DeFi space, it has also attracted fraudsters to the side of investors. With nearly three quarters of everyone DeFi Hacking Protocols Having previously been audited, there is a need to implement more ridiculous options into the protocols.

One of the most exciting ideas that comes from the rise of smart contracts is to remove the middleman from insurance. With the Nexus Mutual protocol, you can get quotes to protect against wallet hacks and protocol failures as well as switch to stable tokens if the payout token fails. There are plans to insure against real life events using Oracle technology but to do that, there are a lot of steps that need to be completed.

By placing the original Nexus Mutual (NXM) token, you can get a decent return by providing liquidity for the insurance that the protocol sells. However, the decentralized insurance sector makes up only 2% of the total value booked in DeFi. Moreover, the growth of market-leading security protocols is limited by the number of participants pinning their tokens to the protocol. The decentralized insurance protocol is in dire need of more liquidity in order to increase the affordability of insurance premiums and the ability to cover insurance events. iTrust tries to fix this.

iTrust The Vault

Similar to Yearn.Finance, iTrust uses vault-zapping algorithms to examine smart contract protocols and evaluate the existing risks and rewards of each protocol. The goal of iTrust Finance is to dynamically move your funds to less risky return generation protocols.

The big hurdle with the new DeFi protocols is ease of use. iTrust has created a very simple design and user friendly interface that allows the user to delegate funds for bets, keep ideas about stacked and unbundled funds, and a whole new window for rewards. The effort to maintain a robust user interface while creating a new protocol is critical to success.

iTrust has developed a dynamic investment tool that increases exposure and coverage for low-risk return groups. This form of DeFi investment is an effective solution to avoiding pools that get hacked or hardened.

iTrust Finance’s token is $ITG, and when it is stored or mined, the rewards will be distributed as ITG tokens.

Play Nexus

iTrust’s first partnership is, of course, Nexus Mutual, the leading provider of decentralized cover in space.

Upon launching iTrust, users will have options to participate in the Nexus Mutual Index or a low-risk, maximum return pool. Along with the original ITG token, iTrust will distribute the rewards to holders of $NXM and $wNXM, incentivizing users to provide liquidity to the Nexus ecosystem.

By implementing new rewards on an existing staking protocol from Nexus, iTrust is increasing Nexus exposure and intent on increasing exposure to the entire decentralized insurance market .

To find out more, visit:

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button