UnoRe is a crypto-native reinsurance platform that aims to enhance security and confidence in the Web3 space. Here are some key points about UnoRe:
Coverage for Protocols:
UnoRe provides comprehensive coverage for Layer 1 and Layer 2 protocols. It covers risks related to validator slashing, smart contracts, stablecoin depegging, and more. The goal is to minimize risk and boost confidence among users and depositors.
How It Works:
Protocols with high-quality audits receive discounts on UnoRe services. After reviewing code changes, UnoRe provides an accurate quotation for coverage options. Clients select desired protections, and UnoRe conducts a thorough audit. An NFT containing policy metadata is sent to the protocol team wallet, outlining claim details. First-time protocols gain access to UnoRe’s full suite packages at bundled rates.
Web3 Risks:
The DeFi sector has witnessed significant losses due to scams, hacks, and exploits (over $77 billion). UnoRe’s solutions are essential for user safety and confidence in the crypto space.
Future Vision:
UnoRe aims to establish the first fully-regulated crypto-native captive, bringing institutional capital on-chain.
Remember that UnoRe’s mission is to empower digital communities through equitable code reviews, decentralized resilience, and audited trust.
This project's market cap is very low, so DYOR before investing. While there is very big potential in UNO RE, there is always risk involved in crypto. Show Less
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