Express

Opium Protocol Plans To launch Opium Insurance With The Aim Of Hedging DeFi Market Risks

Mary Liu

Summary: Opium Protocol, an on-chain derivatives protocol, announced today that it will launch Opium Insurance, a new tool for hedging DeFi market risks.  Opium insurance is tradable, decentralized, and flexible. There are different types of insurance, such as insurance against smart contract hackers and insurance against stablecoin defaults. The insurance buyers pay premiums to the insurance ...

Opium Protocol, an on-chain derivatives protocol, announced today that it will launch Opium Insurance, a new tool for hedging DeFi market risks. 

Opium insurance is tradable, decentralized, and flexible. There are different types of insurance, such as insurance against smart contract hackers and insurance against stablecoin defaults. The insurance buyers pay premiums to the insurance pool and obtain tokenized insurance positions, which can be traded on the secondary market or used for insurance claims. The sellers earn additional returns by collateralizing assets in the insurance pool.

By Mary Liu

Last Update:

Tags: ,,,,,
Link: Opium Protocol Plans To launch Opium Insurance With The Aim Of Hedging DeFi Market Risks   [Copy]
Next:

Related Articles

  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 1 day ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 4 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 6 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 8 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 9 days ago

    • You need to login to comment.