DeFi insurance platform Uno Re launches cover portal for crypto assets

Cryptocurrency • April 23, 2022, 8:22AM EDT
UPDATED: April 23, 2022, 9:57AM EDT
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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.

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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. 

 

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Mike Millard has worked as an editor for Bloomberg and Reuters, various newspapers and websites. He lived in Asia for more than two decades and now calls the Greek island of Corfu home. He is the author of three books.

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