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The founder of the DeFi Insurance project SAFE has dropped out and the team has refactored the new protocol COVER Protocol

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The team has received funding from the founder of YFI.

Blockbeats news is getting a new twist on the insurance DeFi YieldFarming. Insure (SAFE) project that has been the subject of much debate in the industry because of infighting among the founding team. On Sept. 18, the project team published an article under the name "COVER Protocol," stating that because SAFE had been launched prematurely, the team had decided to rebuild the new Protocol, the COVER Protocol, which allows users to buy and sell anything-based insurance on a fully decentralized and scalable platform.

Chefinsurance, the founder of the project, said he had been involved in a disputeAzeem has been willing to exit the new project entirely. Moreover, he himself hasDrop out of collegeAnd received YFI founder AC (& NBSP; Andre Cronje) $25,000 (and 5 ETH) and BlueKirby. ETH, which allowed him to devote his time to the project.

According to the disclosure, the agreement is expected to be finalizedBeta testing of MVP (minimize viable products) by November 1. COVER protocol will start the shields Farming distribution management tokens (COVER) for the user, allowing participants according to their own on the platform of net risk bearing COVER governance tokens to Farming, chefinsurance think, than gaining Farming, this is a more equitable distribution of method, because it requires the user to interact with interactive platform, rather than simply not use idle mining assets.

It is understood that the project team gathers a large number of front-line practitioners in the industry and KOL:

Chefinsurance/Alan-core Dev and founder of SAFE. Works full time.

@kryptocucumber Core development and product ideas proposer, full-time job.

@crypto_Pumpkin - Director of core development, projects and teams, working full time.

@ AndreCronjeTech - consultant

@ SBF_Alameda - consultant

@ bluekirby - consultant

Kiwi - Technical Advisor

Candlesticklife - Technical Advisor

@teddy9423 - Industry Consultant

Further reading:The Founder of SAFE's Plummeting? Yieldfarming. Expose The Truth in a Long Post

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