In Uno Re’s effort to bring safety to the broader crypto community, the protocol has recently announced that their long-term strategic partner, Nord Finance, has increased its coverage from $500,000 to $1,500,000.
The decision was made to enhance safety and protect users of the platform from any unforeseeable vulnerabilities. The coverage plan currently provides a customized Protocol Cover for Nord Finance’ single-sided staking pool, USDC, USDT and DAI staking pool on the Ethereum Network!
Nord Finance will receive insurance coverage on their entire protocol pro-rata with Uno Re.
The adjustment is effective as of 29/11/2021
Uno Re is the world’s first decentralized insurance and reinsurance platform, allowing the community to invest and trade in ‘risk’ and receive sizable returns on their investments in one of the safest asset classes in the world. It will remove the pre-requisite for retail investors of excessively large capital, and provide transparency to the entire industry. Uno Re will allow members to create innovative Insurtech products and help propel a new generation.