DeFi insurance platform Uno Re launches cover portal for crypto assets

Uno Re, a decentralized insurance platform, launched a cover portal today that enables DeFi users to immediately insure their crypto-assets, it said in a news release.

The company said it is addressing a need in the DeFi space—accessible insurance amid the potential for hacking attacks, which increased in the first quarter of 2022 multiple times compared with the year-earlier period.

The cover portal can scan users' wallets, detect insurable assets within, measure possible risks using an AI-based algorithm and allow users to secure their on-chain assets, the company said. It allows users to pay their premiums in USDC.