Insured Finance Goes DeFi
Insured Finance rolls out DeFi services with staking and lending launching this week
Decentralized finance (DeFi) has been rapidly evolving. Since the start of 2020, the value locked in DeFi protocols has grown from under $700 million to over $27 billion at the time of writing. DeFi has become a critical part of the cryptocurrency ecosystem and is making traditional financial services available in a decentralized and peer-to-peer manner.
The ethos of DeFi aligns with the principles of Insured Finance. DeFi is designed to make financial services available to anyone who needs them. The insurance market cannot be excluded from this. In the traditional finance industry, the global insurance industry is valued at roughly $5 trillion and it will undoubtedly continue to grow for digital assets.
Insured Finance is stepping in to launch a decentralized insurance marketplace that allows users to secure customized coverage on their digital asset holdings. However, it will not stop there! Insured Finance will bring further DeFi functionality to their users. Starting this week, we will roll out several DeFi services.
Staking will become available for all INFI token holders. The full details of how INFI staking will work is scheduled to release in roughly 48 hours. That’s not all!
INFI holders will also be able to use their tokens as collateral to borrow other cryptocurrency assets. This is just the tip of the iceberg when it comes to the DeFi services that will be offered by Insured Finance.
INFI token holders will be able to use their holdings in diverse ways and access a wide variety of DeFi services. Make sure to watch this space as Insured Finance goes DeFi!