The insurance platform Athena Ins has launched decentralized insurance for DeFi

ChainCatcher news, according to Decrypt, the insurance platform Athena Ins has launched decentralized insurance for DeFi risks. The platform allows individuals to subscribe to insurance, protecting their DeFi investments from various threats, including hacks, smart contract vulnerabilities, and stablecoin de-pegging.

Unlike traditional insurance companies, Athena Ins operates through smart contracts, eliminating the need for centralized intermediaries, ensuring transparency and decentralization. Users can easily protect their deposits on DeFi protocols and receive compensation in the event of an insured incident.