Protecting your DeFi farms just became easy
On-chain insurance has typically been difficult for retail to access, with now having built-in coverage provided by @OpenCover, making for effortless on-chain protection (currently on arb, base, or op)
This typically could be an investor looking to deploy capital into a farm or liquidity pool, but is seeking protection from third-party smart contract risk, which is considered as protocol hacks, oracle manipulation, liquidation issues, or governance attacks.
Sure, there's a cost, but with 150% APR available on ETH/USDC farms, if you are thinking about depositing large amounts of capital, the risk:reward on this just significantly shifted.
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