Decentralized insurance could save DeFi from contagion, according to ShapeShift report

Cointelegraph

Published Apr 27, 2021 01:00PM ET

Updated Apr 28, 2021 03:20PM ET

Decentralized finance has many of the hallmarks of previous cryptocurrency bull markets: incredible gains, extreme volatility and massive risks. In a new report, leading noncustodial cryptocurrency exchange ShapeShift explains the four biggest risks facing DeFi investors and why the emerging field of decentralized insurance could offer a solution.

The report, titled "Spreading the Risk: Decentralized Insurance," categorizes DeFi risk into the following “landmines”: custodial risk, smart contract risk, protocol risk and oracle risk.

Continue Reading on Coin Telegraph