Chainlink to Provide Data for Farming Insurance Startup Arbol
Chainlink will provide climate data for insurance startup Arbol’s weather derivatives. Small to medium sized firms can use the Ethereum-based dapp for hedging natural events.
DeFi insurer Cover Protocol, designed to reduce smart-contract failure risks, was exploited by a bug in its smart contract on Monday morning.
Tidal will use the Polkadot blockchain to allow users to insure a set of DeFi applications against smart-contract failure or breaches.
A way to be covered in the event of an exchange hack.
The free insurance scheme covers customers for up to £1 million if the firm should ever become insolvent. But crypto holders are left out in the cold.
The new policy means user funds are protected both on- and offline.