What is DeFi Reinsurance | Altcoin Gems #12


Manage episode 307808521 series 3000917
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Altcoin Gems Series #12
"Investing for Growth/Retirement in the Crypto Space"

Here’s how reinsurance works. Your insurance provider will transfer portions of their risk portfolios to other parties to reduce the chance of having to pay a large obligation resulting from an insurance claim.

In most parts of the world, reinsurance wouldn’t be possible because the option to trade in this highly profitable market is usually controlled by a handful of centralized enterprises.

The Total Value Locked in crypto-based assets has exponentially risen to $1.7 trillion in just the first quarter of 2021. What you really need to pay attention to, is the value lost due to malicious activities during the same period, which was a whopping $4.8 billion.
Uno Re will be the first decentralized and democratized platform, allowing the average user to reap the rewards of trading and investing in this lucrative space.

By staking the $UNO token, users would be provided several options to invest in the insurance risk pools. The risk for each pool will be the capital requirement for the payout of claims, and each pool only closes once the risk capital pool has been reached.

The investments will be in DAI stable token; against the invested DAI the users will be provided UNO Token as collateral. For more info on Uno Re’s tokenomics and staking rewards, check out their whitepaper in the description below.
UnoRe Official:
#232 Listing Vote: https://www.gate.io/poll/votelist/252/?ch=podcastuno
*Disclaimer: The information presented in this podcast is for informational purposes only. Trading cryptocurrencies comes with high risks, so make sure to do your own research before committing your capital to any investment.

Music: BGM (Pixarbay)

Gate.io Twitter: https://twitter.com/gate_io/?ch=podcasttwitter

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