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Re7 is hiring!
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The need for insurance in crypto increased exponentially since we wrote about it a year ago.
There are hundreds of billions of dollars sitting across DeFi and CeFi, making these platforms perfect targets for hackers. How can one protect themselves? Good discipline and diversification can only get you so far…
Professional due diligence helps a lot. And yet, the number of ‘unknown unknowns’ is simply too much for any human to digest. Hence it may be easier (and safer) to admit that DeFi is susceptible to cybersecurity risks beyond our control and the best way to sleep peacefully is to simply hedge that risk away.
That’s the approach we take at Re7 - DeFi insurance is a key part of our portfolio and as we venture across new chain and protocols, it becomes ever more important.
InsurAce is one of the few DeFi-native insurance platforms which offers insurance policies covering a variety of different risks. We’ve recently caught up with them to discuss the latest trends in onchain risk management and are delighted to share our chat with you here.
Author is the Managing Partner of Re7 Capital - a stablecoin centric DeFi fund.