Is defi insurance feasible? Why/why not?

Is defi insurance feasible? Why/why not?

  1. 3 weeks ago
    Anonymous

    just when i thought this scam was dead and rid of existence, it breathes once more

    • 3 weeks ago
      Anonymous

      >scam
      source?

      • 3 weeks ago
        Anonymous

        Haha, fuck off Rusty or whoever it is trying to shill this blatant scam again. Fucking idiots

        • 3 weeks ago
          Anonymous

          >Rusty
          Who's Rusty?

          • 3 weeks ago
            Anonymous

            rust deez nuts

    • 3 weeks ago
      Anonymous

      they're gonna cum back so hard

  2. 3 weeks ago
    Anonymous

    yeah and it's doing well through platforms like
    like Insurace which is widely regarded as the go to defi insurance platform nowadays https://app.insurace.io/ and Bridge Mutual https://app.bridgemutual.io/user/cover

    >Union
    pajeet scam

    • 3 weeks ago
      Anonymous

      Bridge Mutual is a scam

    • 3 weeks ago
      Anonymous

      insurace is a scam they voted to not pay out on a hack (as most of these "defi" insurance protocols do) thats the problem with daos

      • 3 weeks ago
        Anonymous

        It’s automatic payout in Unn retart

        • 3 weeks ago
          Anonymous

          >automatic payout
          >"or an event risk has been voted"
          thats on their own website, not very automatic sir

  3. 3 weeks ago
    Anonymous

    I LOVE YOU MICHAEL

    • 3 weeks ago
      Anonymous

      did he actually buy the badger furry head or

  4. 3 weeks ago
    Anonymous

    I sold my UNN tokens at the top to buy this jacket. Somebody stole it from me at a party.

    • 3 weeks ago
      Anonymous

      They did you a favor

  5. 3 weeks ago
    Anonymous

    Holy fuck a scam on scam. What’s next, wrapped insurance tokens? Insurance classic?

  6. 3 weeks ago
    Anonymous

    It is not currently feasible.

    There is no recourse if things break; if a company doesn't pay up on a claim you can take them to court, if they have too many claims and run out of money the government can give them a bailout; when things go wrong with Defi, you're SOL.

    This is an obstacle that basically makes it obsolete for a business to use. It'd take major institutional investment both in the tech, and in billions of liquidity for the pool to be stable; and there's a great incentive against this as insurance companies make more money the way it is.

    Also, the actuarial math isn't something that can be automated yet; though I suppose given the billions of dollars of institutional investment laying the groundwork of the industry that could be done with an actuarial firm running an oracle.

  7. 3 weeks ago
    Anonymous

    ~~*Insurance*~~ has a bad rep IRL you think people are going to buy this thing now? Whatever happened to its competitor? If you are the only project doing one niche thing and little else you will sink.

    I'd rather stake DOT at DEO. Trading alts in general. Nothing will protect you from ~~*bitcoin manipulators*~~.

    • 3 weeks ago
      Anonymous

      This.
      In the end the little defense it provides is negated by how expensive it is.

  8. 3 weeks ago
    Anonymous

    REST IN PEACE

    UNION FINANCE PROTOCOL GOVERNANCE TOKEN

    2020-2021

    • 3 weeks ago
      Anonymous

      UNN is fine

    • 3 weeks ago
      Anonymous

      UNBREAKABLE 0.004 support. only up from here.

      • 3 weeks ago
        Anonymous

        Based. $1 closer than you think

        >automatic payout
        >"or an event risk has been voted"
        thats on their own website, not very automatic sir

        Hi Tyler!

        • 3 weeks ago
          Anonymous

          who the fuck is tyler, i just saw this shit thread about "defi insurance" and as a knowledgeable defi user i want other LULZ anons to be aware that its not "defi" insurance which might not even pay out, so why even take the risk.

          • 3 weeks ago
            Anonymous

            >t. seething tyler

  9. 3 weeks ago
    Anonymous

    Hi. Unn is a very low quality token pls purchase Fringe Finance (ticker: FRIN). Maybe profits coming to frin holder soon

    • 3 weeks ago
      Anonymous

      If Fringe and UNN both had sufficient liquidity you could insure your Fringe shitcoin loan on UNN and literally have it risk free from liquidation.

      • 3 weeks ago
        Anonymous

        Could but wouldn't

        • 3 weeks ago
          Anonymous

          Wouldn't because they will never have sufficient liquidity or it wouldn't work??

          • 3 weeks ago
            Anonymous

            Wouldn't because defi insurance is meme tier and unn is a scam

  10. 3 weeks ago
    Anonymous

    Y

  11. 3 weeks ago
    Anonymous

    I don't think it would be down 99.9% if it was something people cared about

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