Shield Finance Description
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.
Shield Finance Alternatives
PolkaInsure Finance
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.
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Bright Union
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.
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inSure
InSure DeFi Network is designed to bring stability to the crypto industry by protecting investors from frauds, theft of funds, and drastic devaluations. To insure your crypto portfolio you will need to purchase/acquire SURE coins from the available exchanges. Avoid storing your SURE tokens in centralized exchanges. To process your insurance claim, you will need Snapshot to create a proposal. Snapshot will also allow you to attach the ERC20 SURE tokens to your wallet. We are working on smart operations to create a crypto-insurance system that can provide support wherever and whenever you require it. Any SURE holder may join inSure DAO voting for the roadmap updates and disputes. We will review your request and initiate a transfer SURE tokens in the amount insured value, based on the plan you have chosen.
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Insured Finance
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.
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Integrations
Company Details
Company:
Shield Finance
Year Founded:
2021
Website:
shieldfinance.io
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Product Details
Platforms
SaaS
iPhone
iPad
Android
Type of Training
Documentation
Customer Support
Online
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