In Uno Re’s effort to deliver security to the broader crypto group, the protocol has not too long ago introduced that their long-term strategic companion, Nord Finance, has elevated its protection from $500,000 to $1,500,000.
This choice was taken to additional improve the protection of the protocol and the customers on the platform towards any unpredictable vulnerabilities. The protection plan presently gives a personalized Protocol Cowl for Nord Finance’ single-sided staking pool, USDC, USDT and DAI staking pool on the Ethereum Community!
Nord Finance will now obtain insurance coverage protection over their total protocol on a pro-rata foundation with Uno Re.
This adjustment might be efficient from 29th November 2021
Uno Re is the world’s first decentralized insurance coverage and reinsurance platform, permitting the group to speculate and commerce in ‘threat’ and obtain sizable returns on their investments in one of many most secure asset lessons on the planet. The platform will break obstacles to entry for the retail investor by taking away the historic pre-requisite of absurdly excessive capital typically wanted to speculate available in the market whereas additionally introducing much-needed transparency into the trade as an entire. Uno Re may even enable the group to suggest modern insurance coverage merchandise to the house, thus propelling a brand new era of Insurtech corporations powered by the Uno Re ecosystem.