InsureDAO Review

InsureDAO, launched in 2021, is a decentralized insurance platform that offers users the freedom to create, purchase, and underwrite insurance policies within a DAO-operated environment. During its Seed funding round on June 25, 2021, the project raised $1 million from a range of respected investors, including Richard Ma, Hironao Kunimitsu, HoneyDAO, LD Capital, and Exnetwork Capital. Designed to meet the unique needs of the DeFi world, InsureDAO covers various risks, such as smart contract vulnerabilities and stablecoin de-pegging, primarily on Ethereum and Optimism networks. With a focus on accessibility and transparency, InsureDAO continues to offer a valuable service to DeFi users looking to safeguard their assets.

$123 720

N/A

Promo bonus

No bonus for now

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InsureDAO offers

USDC

0.59%

Status

Available

Flexible

$50 487

Astar

Coin

Action

USDC

0.59%

Flexible

$50 487

Astar

Crypto earn alerts on InsureDAO

Criffy provides an ideal way to stay on top of earning programs across protocols and dApps. For InsureDAO, you can easily track new earning opportunities, monitor APY changes for specific offers, and receive notifications when you can start earning interest on a particular cryptocurrency. Setting up an alert helps you stay informed about the best earning opportunities on InsureDAO.

Earning crypto on InsureDAO

Protocols and dApps offer various options to earn crypto, like lending or participating in liquidity pools. With Criffy, you can easily track five different earning options from InsureDAO. Check the table above for all the details.

Current TVL of the InsureDAO protocol

The InsureDAO protocol's Total Value Locked (TVL) is currently $123 720. TVL is a helpful metric in DeFi, showing the total assets users have deposited into a protocol’s smart contracts. It gives a snapshot of liquidity and the level of trust from the community, helping to show how much value a platform like InsureDAO is holding.

InsureDAO protocol type

InsureDAO is a decentralized insurance service that helps protect users’ assets in the blockchain space. Through automated smart contracts, it makes the process of securing coverage simple and reliable, giving users peace of mind against risks like hacks or contract issues. Within the DeFi insurance space, InsureDAO offers coverage pools where users can stake funds, earn rewards, and support a more secure environment for everyone.

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