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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

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