Best Crypto & DeFi Insurance for iPhone of 2024

BitGo is the first digital asset company that has been focused exclusively on serving institutional clients since 2013. BitGo provides institutional investors with custody, staking, liquidity and security solutions. Active in both centralized and decentralized finance, BitGo offers market leading trading, lending, and borrowing services through its prime brokerage services and acts as the custodian for WBTC, the leading global stablecoin for Bitcoin. In 2020, BitGo launched BitGo Prime, Portfolio and Tax, providing clients with a full-stack solution for digital assets. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. Most recently, BitGo launched institutional-grade DeFi, NFT and web3 services. BitGo processes approximately 20% of all global Bitcoin transactions, and supports over 700 coins and tokens. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and institutional investors and spans more than 50 countries.

Armor is a DeFi coverage aggregater that makes it easy to protect your DeFi assets from hacks. ArCORE tracks and protects crypto assets for a fee per second. You can buy a cover that can trade, trade, or stake for rewards. Earn yield by swapping and depositing your (w)NXM tokens. Auto-protect your liquidity positions with no additional costs. Armor is a decentralized brokerage that provides coverage underwritten by Nexus Mutual's Blockchain-based insurance alternative. Hackers are easy targets because DeFi protocols can be open-sourced. DeFi could be stopped from mainstream adoption by repeated large-scale hacks. It is a good idea to purchase insurance for those who may not be able to recover from losses resulting from smart contract risks. Armor is a smart insurance broker for DeFi that relies on trustless and decentralized financial infrastructure. Users can cover their assets against smart contract risk using popular protocols like Uniswap and Sushiswap or AAVE, Maker, Compound, Curve and Maker.

Tidal Finance is a project that aims to create a decentralized insurance market in DeFi space to connect buyers and sellers to cover smart contract hacks risk. Tidal allows you to create insurance pools that are specific for one or more protocols. The platform's main purpose is to maximize capital efficiency and return to draw reserve providers, while also offering competitive insurance premiums for buyers. Individuals and institutions need to be confident that the value they have invested in DeFi will be protected. Smart contracts, like any new technology are vulnerable to manipulations and hacking. To increase DeFi instrument adoption, it is important to build trust in these protocols. Tidal solves the problem economically. It is transparent, profitable for s and decentralized.

Shield Finance, a multi-chain DeFi insurance broker, allows users to purchase protection against major market crashes caused by black swan events (hacks and exploits, rug pulls or sell-offs). Shield uses a proprietary aggregation engine that creates custom insurance packages for investors. It directs 50% of the fees to purchase the token on the open exchange and burn it, thus removing it from circulation forever. Shield Finance will use 50% of the fees to purchase $SHLD tokens on the open market and burn them, permanently reducing the supply. $SHLD token will offer a stable APY of 30% to reward long-term holders. We believe such APY strikes a good balance between incentivizing people not to hold and smoothing out the emission curve. Integrations with Polkadot's insurance providers, partnerships and UI improvements.

Opium.finance allows people to create markets through a decentralized financial platform. You can be your own banker or hedge fund manager using a variety of financial tools. Opium insurance is designed for DeFi traders. It covers credit default events, smart contract exploits and stablecoin custodian bankruptcy. It also covers price volatility, SAFT risk, off-chain risks, and impermanent loss. In return for interest, crypto staking involves the transfer of your crypto coins to a trading strategy. Higher APR than lending protocols, with the same risk, stake, and unstake anywhere in the secondary market. Turbo is a product that has a short expiry and gives investors high leveraged exposure to the asset. High returns are possible for risk-takers. Risk-hedgers have the option to stake crypto into a liquidity pool that includes turbo products. In return for fees and a statistically stable return, they can also receive high returns within a matter of days.

Squirrel Finance, the first decentralized insurance platform for yield farming on BSC, instantly and automatically compensates users in the event that their funds are stolen or locked. Squirrel's risk of a "rug", or a code bug, is low. However, it is designed for those who need extra protection. Squirrel covers existing farms on BSC with smart contracts that deposit to the underlying farm (e.g. CAKE This allows you to continue farming as normal, but with more coverage. Squirrel then checks that the user has received their expected deposited amount back when they withdraw. If they don't match, Squirrel will automatically compensate the user in the same withdrawal transaction for their insured amount in the form NUTS. There is no human involvement. Automatic payouts and decentralized insurance. Simplified farming with NUTS insurance. Squirrel's governance token is used to manage the protocol and earn farm insurance fees.

Bright Union was established in February 2021. We have a mission to make DeFi risk markets work for us. We are a group of experts in insurance, technology, and crypto ready to bring web3.0 into the insurance industry. We match the demand and supply of crypto coverage. We also facilitate transparent and easy transactions on multiple decentralized risk platform. Multiple risk products have been launched for crypto assets since early 2021. Smart contract coverages protect crypto assets against exploits that are based on bugs in code. Because the blockchain is open and transparent, anyone can offer risk coverages. This includes insurance companies as well as the community. A single platform can aggregate and match demand and supply due to the rapid rise of these complex products from multiple parties. Bright Union, as an aggregator will be uniquely positioned to offer structured products that provide more diversification investment opportunities.

A decentralized P2P marketplace for insurance on the Polkadot Ecosystem. The marketplace is managed entirely by Defi users within the Polkadot Ecosystem. Users who join the PIS governance token will be able to manage the marketplace. Anyone can request insurance, and anyone can provide coverage. When the product development is complete, Polkainsure will be migrated into a Polkadot Parachain. Because of high trading demand, PIS tokens are currently issued on Ethereum. PolkaInsure coverage could be purchased without the need for KYC. PolkaInsure smart contract code will be audited and deployed on the Polkadot Blockchain. Smart contract code handles claims, which ensures that insurance contracts are fully collateralized and payouts are immediate. Integrations built-in for assets such as DOT and ERC-20s and infrastructure services such as Chainlink and TheGraph. Our products were launched on Moonbeam testnet on Polkadot Network, the smart contract parachain. This is the first step for Shield Mining on Polkadot.

iTrust.finance aims to increase efficiency and usability in DeFi Market. Maximizing coverage capacity and accumulating token rewards for stakers within the DAO; increasing overall market value of the underlying insurer protocol. iTrust.finance fosters mutually beneficial relationships between insurance protocols and stakers by maximizing rewards and increasing cover capacity for all members of the DAO and the wider DeFi community. Increase insurance protocol adoption and build cover capacity1. Nexus Mutual is our first partnership. We will soon be launching multiple protocols. Maximizing user stake rewards by understanding the risks surrounding exposure and leverage; and in future expanding to cross-insurer exposure. A simple user interface allows you to manage the entire process of end-to–end staking. It also provides an easy-to use reward accrual platform.

A decentralized P2P marketplace for insurance that allows you to make claims quickly and receive instant payouts. Insured Finance, which is underpinned by the Polygon network and a P2P marketplace for insurance, is a P2P marketplace. Market participants can request or provide coverage for a wide range of cryptocurrency assets. Claims can be fully collateralized and payouts made immediately. Protect yourself against bugs and smart contract exploits Smart contract attacks have caused the loss of tens of millions of dollars. These events can be protected by Insured Finance. Hackers have caused the loss of hundreds of millions in USD. Users of Insured Finance can insure their holdings on cryptocurrency exchanges. Users with coverage will be compensated if the exchange is compromised or goes bankrupt. The stablecoin market is now worth more than $25 billion. Stablecoins are still vulnerable to security breaches and issuer bankruptcy. Stablecoin failure can be prevented by Insured Finance users.

Degis provides crypto asset protection products to users to hedge their risk, protect themselves against volatility in token prices and protect them from smart contract hacks. Enjoy the governance power utility and yield boosting benefits of Degis NFT. We're here to protect your assets and cover all risks. We reward all contributors with $DEG tokens, regardless of whether they are selling or buying covers. We empower and incentivize every contributor with $DEG. Degis is the first all-in-one Avalanche protection protocol. The ultimate goal of Degis is to create a universal crypto-protection platform, and create a decentralized protection ecosystem. Degis' mission is to protect crypto assets. With blockchain technology, this goal will be possible. Degis protocol launches on Avalanche Cchain as well as DEG tokens. Degis protocol currently focuses on Avalanche's native ecosystem. We may consider cross-chain based on the DeFi environment.