ChainCatcher news, the yield + insurance integrated DeFi protocol Amulet Protocol based on Solana has launched the AmuVerse exploration event within the platform today, with a reward of 50 million Crystals (which will be exchanged for platform tokens during the airdrop). Currently, the platform is experiencing traffic overload, and the project team is conducting emergency scaling. At the same time, the first airdrop snapshot will also be completed soon, and the v2 official version will be released along with the airdrop.According to the crypto data platform RootData, Amulet Protocol has completed a $6 million seed round financing, with investments from Gumi Cryptos, Solana Ventures, Animoca Brands, Republic, and others.

ChainCatcher news, the DeFi insurance protocol Nexus Mutual has staked 6,624 Ethereum, worth approximately $11 million, to the liquidity staking platform Kiln through the decentralized asset management protocol Enzyme.

ChainCatcher news, according to CoinDesk, the DeFi insurance protocol Nexus Mutual has established a partnership with the UK company InShare, which manages mutual insurance organizations. Nexus will add a portion of its $274 million on-chain capital pool capacity to the mutual organization The Retail Mutual, which is a UK-based mutual organization consisting of over 5,000 shop owners and small retail businesses.According to the agreement, if The Retail Mutual incurs more than 57% of community contributions in any given year and a single claim exceeds £200,000 ($255,000), Nexus will provide compensation. The Retail Mutual generates approximately £2 million in annual revenue, so if the claim amount exceeds £1.14 million, Nexus will cover the excess portion.

ChainCatcher news, the Avalanche ecosystem insurance protocol Degis will integrate with the Arbitrum network, providing insurance for multiple ecosystem projects such as GMX, and offering more comprehensive crypto asset protection for Arbitrum ecosystem users. Degis will also soon launch an Arbitrum testnet incentive program, providing DEG rewards to eligible users.It is reported that Degis is a native insurance protocol on Avalanche incubated by the Crypto-Fintech Lab of the Hong Kong University of Science and Technology, with initial investment from the Blizzard Fund and participation from GBV, CMT Digital, and others. The smart contract insurance provided by Degis protects users from risks such as hacking, smart contract vulnerabilities, and oracle failures. In the event of a risk incident, users can file a claim based on their policy, with the maximum compensation amount determined by the contract. (Source link)

ChainCatcher news, the decentralized insurance protocol UnoRe has announced its 2023 roadmap, with major directions including institutional onboarding, full-chain insurance, bringing in TradFi capital, introducing on-chain RWA products, Uno V3, and more. The team plans to complete this roadmap in three phases.It is reported that Uno Re is building a fully secure decentralized insurance ecosystem to serve institutional and individual clients. (source link)

ChainCatcher news, the DeFi insurance protocol InsurAce has released its 2023 roadmap. According to the official introduction and roadmap, InsurAce will focus on increasing revenue, launching new products, and developing a Crypto Deposit Insurance Scheme (CDIS) in 2023, which will provide insurance for users' cryptocurrency deposits in the event of CEX, CeFi failures, or projects being hacked.In addition, the roadmap indicates that InsurAce's updates for the first quarter of this year include the launch of new cross-chain bridge insurance and an extended version of the existing insurance smart contract, Post-Audit Cover. (source link)

ChainCatcher news, Web3 insurance protocol InsurAce founder Oliver tweeted that after the UST and FTX collapse events, the InsurAce team is currently collaborating with relevant industry organizations and regulatory bodies to begin exploring the establishment of a Crypto Deposit Insurance Scheme (CDIS). CDIS is similar to the insurance infrastructure of the Federal Deposit Insurance Corporation (FDIC) in the traditional financial industry. When financial institutions go bankrupt, this insurance scheme will intervene to provide compensation coverage for small and medium-sized users.Oliver stated that CDIS, as an infrastructure for industry risk management, will greatly stabilize the market, rebuild confidence, and protect user value. In the long term, this will also promote the healthy and orderly development of the digital currency industry. Previous report, InsurAce had completed approximately $12 million in insurance payouts to users who insured against UST de-pegging in August of this year. (Source link)

According to ChainCatcher news and CoinDesk reports, the decentralized insurance protocol Re, based on Avalanche, has completed a $14 million seed round financing, with participation from Tribe Capital, Defy, Exor, Stratos, Framework, Morgan Creek Digital, and SiriusPoint. (source link)

Chain Catcher news, the Solana ecosystem decentralized insurance protocol Amulet Protocol has launched its testnet, allowing users to complete tasks provided by the project team to earn rewards while testing. Amulet stated that it is currently undergoing an audit by Kudelski, with the mainnet planned for launch at the end of the month.Chain Catcher previously reported that Amulet Protocol announced the completion of a $6 million seed round financing led by gumi Cryptos Capital at the end of April this year. (source link)