Audience
Crypto investors in need of a multi-chain DeFi insurance aggregator to protect their investments
About Shield Finance
Shield Finance is a multi-chain DeFi insurance aggregator that allows users to buy protection against major market crashes due to black swan events (hacks, exploits, rug pulls, sell-offs). Shield utilizes a proprietary aggregation engine to provide custom insurance packages for investor needs.T he most important feature of the $SHLD token is the buy & burn program, which directs 50% of the fees towards purchasing the token on the open market & burning it, removing from circulation forever. Shield Finance will direct 50% of the fees towards buying $SHLD token on the open market & burning it, permanently reducing the circulating supply. To reward long-term holders, $SHLD token will provide 30% stable APY. We believe that such APY strikes a balance between incentivizing people to hold & smoothing out the emission curve. Integrations with Polkadot insurance providers, partnerships with DEXes, and UI improvements.
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PolkaInsure Finance
A decentralized P2P insurance marketplace on Polkadot ecosystem. The marketplace is run entirely by Defi users in the Polkadot Ecosystem, and users who join will get the PIS governance token. Any user can request insurance and anyone can provide coverage. Polkainsure will be migrated to a Polkadot parachain when the product development is finished. PIS token is currently issued on Ethereum because there is high trading demand. You could buy coverage on PolkaInsure without having to do KYC. PolkaInsure smart contracts will be audited, deployed and verified on the Polkadot blockchain. Claims are handled by smart contract code which ensures that payouts are instant and insurance contracts are fully collateralized. Built-in integrations for assets like DOT and ERC-20s, and infrastructure services like Chainlink and TheGraph. We just launch our products on Moonbeam testnet, the smart contract parachain on Polkadot Network. This is the initial step for Shield Mining on Polkadot.
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iTrust.Finance
iTrust.finance seeks to improve efficiency and usability in the DeFi Market. Maximizing cover capacity and accruing token rewards for stakers in the DAO; increasing the overall market value of the underlying insurance protocol. iTrust.finance creates mutually beneficial relationships between stakers and insurance protocols by maximizing rewards and growing cover capacity for all participants of the DAO, and the wider DeFi community. Build cover capacity1 for insurance protocols, enabling lower premiums and increased adoption. Our first partnership is with Nexus Mutual, with multiple protocols following shortly. Maximizing user staking rewards by understanding the risks surrounding leverage and exposure; and in the future expanding to simple cross-insurer exposure. Managing the end-to-end staking process with a simple user interface, providing an easy-to-use reward accrual platform.
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Unslashed Finance
Unslashed is a decentralized insurance protocol covering all common risks for crypto assets. Unslashed enables almost instant liquidity to insurance buyers and risk underwriters, ensures constant collateralization, and guarantees transparency through an unbiased claims process. By tokenizing coverage and using “money streaming,” it allows maximum flexibility and freedom: the insured pay as they go and can instantly stop the policy to offload it at any time. Unslashed Finance offers coverage for a wide range of products, markets, and protocols. This coverage and protection is purchased by the user and is insured through other protocol participants that supply the capital. The protocol relies on the Unslashed DAO for the different protocol and policy parameters, it also leverages an integration with Enzyme for the asset management side and an integration with Kleros for independent claims assessments.
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Insured Finance
A decentralized P2P insurance marketplace with easy claims and instant payouts. Underpinned by the Polygon network, Insured Finance is a P2P insurance marketplace. Market participants can easily request or provide coverage on a wide variety of cryptocurrency assets. Claims are fully collateralized and payouts are instant. Protect against bugs and smart contract exploits. Tens of millions in USD value has evaporated at the hands of smart contract attacks. Insured Finance users can protect against such events. Hundreds of million in USD value has been lost due to exchange hacks. Insured Finance users can insure their holdings on a cryptocurrency exchange. If the exchange is hacked or experiences bankruptcy, users with coverage are compensated. The stablecoin market has grown to over $25 billion. Stablecoins remain exposed to a variety of risks like security lapses and issuer bankruptcy. Insured Finance users can protect against stablecoin failure.
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Company Information
Shield Finance
Founded: 2021
shieldfinance.io
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