DeFi insurance is coming to Solana to protect users against exploits Liam ‘Akiba’ Wright · 41 seconds ago · 1 min read
CryptoSlate caught up with Rupert from Amulet Protocol, the first DeFi Insurance platform on Solana. He shared some of the ways Amulet will protect users in this video interview
Cover art/illustration via CryptoSlate
CryptoSlate spoke to the founder of Amulet Protocol, Rupert Barksfield, about launching the first DeFi Insurance platform on Solana. Watch the video below to find out whether Amulet will be offering insurance against Solana outages, de-peg insurance, and protection against other problems that can occur in DeFi.
Regarding Solana’s infamous downtime, Barksfield compared the current state of Solana to early Ethereum development. He claims that the fact Ethereum users saw “massive outages with Crypto Kitties being launch, the DAO, and we saw the whole chain fall apart multiple times” is a reason to be more forgiving to Solana’s current issues.
The interview is 23 minutes long, and Barksfield does a fantastic job explaining DeFi insurance and how it can help protect users from the type of black swan events that have plagued crypto over the past few months.