protect my UST earning 20% APY on anchor?
Lol insurance? What kind of insurance?
There is clear button in browser to put insurance mate
Protect your deposit
Yes, but every single one is saying that coverage is sold out I was wondering if there was one that wasn't sold out
Insurance against anchor getting hacked/exploited and protection from loss of funds (due to hack)
If u can hack it do kwon has a million dollar bounty for u
?? I can't hack it, but who knows, there might be someone that can and people could lose their funds That's why I want to buy "insurance"
If ur not sure how or where to buy insurance block fi offers great rates on staking
Do Kwon will give $1 million for someone that can successfully hack anchor (and the hacker would already have millions of $ from stealing people's funds)?
Okay, thank you. I'll check out blockfi
Let me know how well that worked with the largest hack in defi. Explain to me what exactly happened.🤦♂️
Huh? I don't know what you mean. I was asking a question
Let me backtrack. Have u done any research at all on the insurance companies providing insurance for protocols?
Yes, I've read the terms and conditions of insurance protocols before buying. If that's what you mean
Lol so u think it’s like hey my funds were lost reimburse me??
No, I know there you have to file a claim still, and it will most likely be tedious process But I figure, if I buy insurance coverage, and the anchor PROTOCOL gets hacked and a BUNCH of people that bought insurance lose their funds due to the hack, and file claims, and the insurance company doesn't pay up. The backlash (I.e on social media) would be so high that either, the insurance company finally does actually reimburse peoples funds, OR they simply shut down, and the law MIGHT get involved.
Wrong celsius lost 50 million with nexus insurance. Look at the reward rate of them. Most times don’t pay out🤦♂️
When did that happen? I've been using celsius for a long time now, with no issues whatsoever
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