How much did DeFi insurance pay out in the last six months?

Original title: IOSG Weekly Brief | how much DeFi insurance paid out in the last six months

Source: IOSG

Decentralized insurance

The traditional insurance industry has the following three pain points:

Agency: The client depends on the trust of the insurance company, including how it invests its money, how and when it pays the policyholder, and so on.

Low transparency: It is difficult for customers to evaluate insurance companies because the insurance industry is riddled with information asymmetry.

Regulation is costly: historically, about 35% of policyholders' premiums are "frictional costs" caused by regulation.

One of the main reasons why traditional financial investors are afraid of DeFi is the lack of a stable and safe insurance business. Due to the high price volatility of digital assets themselves and the security issues of smart contracts, it is too early for traditional insurance companies to provide business in still frontier areas such as DeFi or digital currency, then decentralized insurance such as Nexus Mutual and OPYN is a market that DeFi has the potential to disrupt. Blockchain technology and smart contracts can eliminate not only administrative inefficiencies, but also most of the costs associated with governance and regulation. They can provide trust (which has moved from institutions and regulations to transparent code) in a more cost-effective way.

The industry pulse

Compound Governance proposal 016 was adopted and WBTC mortgage coefficient increased to 40%

A Compound governance proposal submitted by cryptocurrency marketer Alameda Research, which aims to increase WBTC's mortgage coefficient from 0% to 40%, has been adopted. Governance proposals 013 and 014 proposed to increase the mortgage coefficient of WBTC from 0% to 65%, but neither proposal was approved.

Brave has partnered with bitFlyer, a Japanese encrypted trading platform, to develop encrypted wallets for its browser users

Privacy browser Brave Brave Software development company, announced that the Japanese bitFlyer encryption currency trading platform with Brave Software International SEZC reached cooperation, Brave, said bitFlyer wallet will be developed for its browser users encrypt assets, this is the first time in Japan and in the field of encryption project cooperation, the two sides will jointly launch a marketing campaign, to expand the customer recognition of encryption currency and chain block technique.

Synthetix adds COMP, LEND, KNC and REN as the underlying assets of binary options products

Synthetix, a synthetic asset platform, announced that it had added four underlying assets, COMP, LEND, KNC and REN, to the two-dollar options market, allowing traders to take positions based on their judgments of the prices of those assets, but that they could not be synthetic assets.

REN and renBTC became the starting pool for Bancor V2, with the Bancor V2 code expected to be deployed to the main network in July

Decentralized transaction agreement Bancor announced REN and renBTC as starting pools for Bancor V2. The two new pools of reserves, Bancor V2, will allow holders of REN and renBTC to provide liquidity and earn a portion of their transaction fees. Unlike other AMM solutions in the market, REN and renBTC holders providing liquidity will be able to maintain 100 per cent of their scrip holdings, avoid impermanent losses and benefit from "liquidity amplification" mechanisms. In addition, the Bancor V2 code is currently being reviewed and stress-tested by the Talsys Due Diligence and 1Inch.Exchange teams, and is expected to be deployed to the main network in July 2020.

Aave is about to launch a "credit consign" service that allows users to borrow money without collateral

Stani Kulechov, founder and chief executive of DeFi Loan Agreement Aave, said that Aave is starting a new service called Credit Delegation, which allows Aave depositors to delegate their Credit lines and allow users to borrow without collateral.

Algorand announces integration of decentralized API infrastructure Pocket Network to enhance interoperability

Algorand, a public chain project, announced to provide network support for decentralized API Infrastructure Pocket. Through Pocket API protocol, developers can be connected to a decentralized relay network composed of node operators and infrastructure providers, thus reducing the barriers to blockchain application development.

Pocket Network (POKT) provides an extensive relay Network for block chain API requests, creating a permission-free two-sided market between node providers running full nodes and developers who want to query application or service data from the block chain. Through AlgoSDK, Algorand will become the first native blockchain to point to the Pocket API protocol, which connects developers to a decentralized relay network made up of node operators and infrastructure providers, thus reducing the barriers to blockchain application development. Through Algorand & lt; & gt; Pocket Token Bridge, POKT will be made into an Algorand Standard Asset (ASA), which means more interoperability and usability for both communities

Caixin: in addition to didi, Meituan and B stations have also cooperated with Banks participating in the central bank's digital currency project

According to caixin, didi, Meituan dianping and bilibili (bilibili station) have all partnered with a number of Banks involved in digital currency projects. Meituan review may try to expand Meituan usage scenarios, and the cooperation between B station and participating Banks has entered the stage of technology development. Companies such as Bytedance are also discussing possible partnerships with Banks. Beijing Business News previously reported that the Central Bank's Institute of Digital Currency and Didi Chuxing officially reached a strategic cooperation agreement to jointly study and explore the innovation and application of digital RMB in the field of smart travel. The two sides hope to promote the ecological construction of digital RMB platform in diversified travel scenarios through the establishment of cooperative relationship.

Arca Funds officially opened Arca US Treasury bond fund ArCoin based on Ethereum block chain

Arca Funds, a Los Angeles-based Fund manager, said its Arca U.S. Treasury Fund, registered with the Securities and Exchange Commission, is now open for investment. ArCoin is the first fund registered with the US Securities and Exchange Commission (SEC) under the Investment Companies Act of 1940 to issue its shares in the form of digital securities. ArCoin's digital share ArCoins is traded on the Ethereum block chain and accrued interest will be paid directly to ArCoin holders every quarter.

DeFi derivatives trading platform MCDEX launches a company called DefiPulse that will launch a liquidity miner on July 8

DeFi derivatives trading platform MCDEX is the 27th company to launch a DefiPulse page with a locked fund of $900,000 and a daily increase of about 47%. MCDEX will commence liquidity mining at 2pm UTC time on July 8, i.e., MCB tokens will be obtained by providing liquidity to AMM. Two MCBS will be allocated to each block for a total supply of 410,000 MCBS. The mining activity will continue for one month until August 8.

Unmanaged Ethereal wallet Gnosis Safe Multisig has added support for the 1inch

Online aggregation-trading platform 1Inch has announced that its platform has now been added to the unmanaged Eether wallet Gnosis Multisig APP. Currently, users of Gnosis can trade on the 1inch platform.

Chicago DeFi has 11 new members, including Aave, ParaFi and Three Arrows Capital

DeFi Alliance of Chicago announced 11 new members, including DeFi lending platform Aave, Silicon Valley venture Capital firm ParaFi, Singapore hedge fund Three Arrows Capital, Gauntlet, QCP Capital, Framework Ventures, Ledger Prime, Jon Kol, Manna Research, Altonomy, and Fractal Wealth. The DeFi Alliance of Chicago also says it has completed programs including one-on-one conversations and roundtables to help the company connect with other trading companies for the first group of seven DeFi members, and can now apply on its official website for slots in August.

The Smart Wallet Pillar starts a mobile mining program

Smart Wallet Pillar (PLR) announced that it had launched the mobile Mining project on July 9. When the scheme was launched, Pillar provided 250,000 PLR tokens to reward token holders who provided liquidity on the Uniswap V2 exchange. Within 24 hours of starting up, Pillar's total liquidity reached $100,000, an increase of 692%. This initiative is an important initiative to launch a decentralized governance Pillar Smart Wallet.

Blockchain development tool provider Alchemy launches blockchain development suite product Alchemy Build

Alchemy introduces Alchemy Build, a new suite of tools designed to reduce blockchain developers' focus on the core product and minimize development time spent on issues not related to the product itself. Alchemy means Alchemy Build consists of four main tools: a resource manager for finding errors more easily, a visual manager for finding failed transactions, a composer for prototyping, and a debugger.

Investment and financing events

Swipe, an cryptography start-up, announced its strategic investment

Coon Security announced it has completed its acquisition of cryptography startup Swipe. Swipe, a leading digital wallet and Visa card payment platform that allows users to freely trade and consume encrypted assets without disclosing the amount of the transaction.

Chainalysis has expanded series B funding to $49 million through investments from Ribbit Capital and Sound Ventures

Blockchain analytics firm Chainalysis announced today that it has raised an additional $13 million through investments from Ribbit Capital and Sound Ventures to increase its Series B funding to $49 million. Will develop and deepen its government relationships and further unite the public and private sectors by adding software engineers to drive the growth of the cryptocurrency industry, government sales and other business roles.

Venture capital firm ParaFi is investing $4.5 million in DeFi loan Agreement Aave

Cryptography venture capital firm ParaFi has invested $4.5 million in DeFi loan agreement Aave. "We were initially attracted by Aave's Flash Loans, which would address the whole DeFi market's inefficiencies and explore new use cases," says Santiago Roel Santos, a partner at ParaFi. According to Stani Kulechov, founder and CEO of Aave, ParaFi is currently one of the earliest and largest institutional investors in LEND (Aave's native currency).

IOSG VC review:Compound set off a wave of liquidity mining for lending agreements, which led to a surge in lockups in the lending sector and even throughout Defi. We are also seeing increasing competition between lending agreements and the introduction of liquidity mining in the future will be a big trend. AAVE will later launch its own liquidity mine to compete for this segment of the market.

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