DeFi Needs Backup Plan
summary
DeFi suffers big losses — $3.8B in hacks in 2022 and ~$700M so far in 2023 — so protocols add financial defenses: decentralized derivatives via Opium Protocol, on‑chain insurance that prices smart‑contract, stablecoin depeg, custodian and bridge risks, and a bridge‑transaction cover integrated into Lightleafi/Jumper.exchange. InsurAce reports a $12M payout on a Terra/Anchor event and is building a retail‑accessible underwriting product called Risk‑fy, while risk assessments now take 3–4 weeks and teams pilot AI‑assisted mini audits to scale pricing and onboarding.
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chapters (17)
- 0:00DeFi introduction
- 1:04DeFi security challenges
- 2:50Insurance and derivatives in DeFi
- 4:57Hacks and DeFi maturity
- 7:05Derivatives as protection
- 9:56User education for risk mitigation
- 11:20DeFi insurance limits
- 13:06Auditors and smart contract risks
- 14:09AI for risk assessment
- 18:22AI for financial concepts
- 19:07DeFi positive developments
- 21:10Future of DeFi derivatives
- 23:58DeFi derivatives strategies
- 25:02Insurance and derivatives defense
- 26:28Top DeFi insurance products
- 28:11DeFi composability advantage
- 29:13DeFi backup plan
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