I have a questions about decentralized Insurance but first I will talk about a few points
Decentralized insurance is a product that protects a buyer from a potential financial loss caused by a range of possible events in other words it is a tool for hedging risks
traders buy insurance as a part of their broader strategy in order to secure their profits
decentralized insurance typically covers a specified period of time and is paid in the event of a loss that may be caused by price volatility, hacking attacks or
malicious exploits of projects or protocols, and other on-chain and off-chain financial risks.
Since the beginning of crypto there were many numerous hacks, rug pulls, and bugs that have resulted in the loss of billions of dollars
primary purpose of decentralized Insurance is provide crypto investors with protection the premium pay for this insurance depending on the risk that covering
The types of risks can buy decentralized Insurance for include but not limited
Smart contract risk
There are many products decentralized insurance such as InsurAce Protocol, Nexus Mutual, Opium Insurance, Unslashed Finance
the decentralized nature of decentralized insurance simply means that policy holders buy insurance from a distributed group of coverage providers, as opposed to a centralized company
to purchase an insurance policy, investors have to specify
Risks that investors wanted to cover
Value they want to cover
Length of the coverage
Now my question is can decentralized Insurance be useful to DappRadar??
Does DappRadar already have decentralized insurance??
Do you think decentralized Insurance can increase confidence in DappRadar and in its token ?
Does DappRadar have Smart Contracts that need insurance ?
Decentralized Insurance is Very important in DeFi projects do you thing it is important for project like DappRadar ??
The idea is just for discussion no more than that