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DeFi insurance is coming to Solana to protect users against exploits


cryptoslate.com 01 July 2022 10:54, UTC
Reading time: ~2 m

CryptoSlate spoke to the founder of Amulet Protocol, Rupert Barksfield, about launching the first DeFi Insurance platform on Solana. Watch the video below to find out whether Amulet will be offering insurance against Solana outages, de-peg insurance, and protection against other problems that can occur in DeFi.

Regarding Solana’s infamous downtime, Barksfield compared the current state of Solana to early Ethereum development. He claims that the fact Ethereum users saw “massive outages with Crypto Kitties being launch, the DAO, and we saw the whole chain fall apart multiple times” is a reason to be more forgiving to Solana’s current issues.

The interview is 23 minutes long, and Barksfield does a fantastic job explaining DeFi insurance and how it can help protect users from the type of black swan events that have plagued crypto over the past few months.

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