DeversiFi, a decentralised trading platform, bought 1,001 ethereum insurance through Nexus Mutual

Rhythblockbeats - On July 9, decentralized trading platform DeversiFi officially announced that it has purchased 1,001 ethereum insurance policies through Nexus Mutual, an insurance company DeFi, to protect users from financial losses due to hacker attacks.

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The price of 1,001 ethereum (approximately $240,000) is based on the total amount of DeversiFi locks (approximately $2.9 million) and guarantees payment even if the amount of DeversiFi locks increases over time.

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Nexus Mutual has launched a pledge system that rewards users for pledging contracts they consider secure, according to BlockBeats.

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Nexus Mutual details:https://www.theblockbeats.com

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Text link:https://blog.deversifi.com

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