DeFi

Athena Ins Introduces Decentralized Insurance for DeFi Risks

Published

7 months ago

3 July, 2024

Athena Ins Introduces Decentralized Insurance for DeFi Risks

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PARIS, France, July 2, 2024, Chainwire – Athena Insurance is transforming the decentralized insurance landscape with its advanced protocol, providing users with the means to insure themselves against the risks of decentralized finance (DeFi). This innovative platform allows individuals to purchase insurance coverage that protects their DeFi investments against various threats, including hacking, smart contract vulnerabilities, and stablecoin instability.

Unlike traditional insurers, Athena Ins operates via smart contracts, eliminating the need for centralized intermediaries and ensuring transparency and decentralization. Users can easily secure their deposits on DeFi protocols and receive compensation in the event of a covered incident, marking a significant step forward in the security and maturity of DeFi.

Main features of Athena Ins

Several features distinguish Athena Ins in the decentralized insurance market:

Competitive bonuses: Rates are optimized by algorithms to remain affordable.
Freedom of investment: Insurers select their risk groups based on their preferences.
Take advantage of guarantees: Insurers can increase their exposure to benefit from higher return potential.
Sustainable yields: Coverage costs are redistributed and the guarantee funds generate interest.

A strategic partnership with Angle (backed by A16Z) for the benefit of DeFi

Athena Ins has teamed up with Angle, a DeFi protocol funded by A16Z, to improve investor security. Through this strategic partnership, Angle users can benefit from innovative insurance offered by Athena Ins, providing protection against the risk of depegging of Angle’s native stablecoin, the USDA.

ATEN: The token at the heart of the Athena Ins ecosystem with multiple advantages

At the center of the Athena Ins ecosystem is ATEN, a versatile native token that plays a critical role in the functioning and evolution of the protocol. Much more than a simple cryptocurrency, ATEN gives its holders real decision-making power and significant influence over the platform.

ATEN holders are the main stakeholders in the governance of Athena Ins. Through a democratic and transparent voting system, they have the power to shape the future of the protocol by actively participating in strategic decisions.

From adjusting technical parameters to allocating reserve funds and major updates, every vote counts to build an ever more efficient decentralized insurance ecosystem that is tailored to the needs of the community.

A key role in the life cycle of insurance coverage

ATEN is essential for creating new insurance contracts on the platform. In addition, ATEN holders actively participate in incident management processes. They assess and validate claims, ensuring fair and transparent processing of claims.

A Deflationary Economic Model for Sustainable Value

The Athena Ins protocol incorporates an ingenious combustion mechanism that regulates the circulating supply of ATEN. During incident settlements, a deductible is taken from each reimbursement to purchase tokens and permanently remove them from the market by destroying them, thus creating deflationary pressure on the overall supply.

This approach aims to support the long-term value of ATEN and align the interests of holders with the growth and stability of the platform.

ATEN’s economic model has been carefully designed to support a sustainable and balanced growth of the Athena Ins ecosystem. A total of 3 billion tokens will be progressively put into circulation, strategically distributed among the different stakeholders.

The team, ecosystem, liquidity, advisors, rewards programs, as well as pre-sale and public sale investors, all play a crucial role in the development and mass adoption of the protocol. With transparent and fair tokenomics, Athena Ins lays the foundation for a thriving and sustainable decentralized insurance ecosystem.

The Arbitrum blockchain at the heart of the deployment

Although Athena Ins aspires to take a multi-chain approach, the protocol was initially deployed on the Arbitrum blockchain. This initial integration with one of the most mature and developed DeFi ecosystems facilitates the adoption and accessibility of the protocol.

Ethereum users can thus benefit from Athena Ins’ insurance coverage while keeping their assets on this leading blockchain. Other major blockchains like BNB Chain and Polygon have also been integrated.

Successful pre-sale and future projects

Athena Ins held a public presale that raised $375,000, with a second public token sale planned. While ATEN is not yet listed on an exchange, plans are in place for future listings.

Conclusion

With its smart decentralized insurance system and versatile ATEN token, Athena Ins is establishing itself as a key player in DeFi. Its innovative approach promises to make crypto investments safer and democratize access to on-chain insurance products.

About Athena Ins

Athena Ins is a decentralized insurance protocol designed to protect DeFi investments from hacks, stablecoin depreciation, and smart contract vulnerabilities. Built on the EVM blockchain, Athena Ins eliminates middlemen, automating claims management through smart contracts. Athena Ins presents itself as a complete solution to DeFi security challenges, offering innovative and transparent decentralized insurance. Its dynamic pricing, flexibility for liquidity providers, and robust risk management make it a key player in the DeFi ecosystem. Join Athena Ins to invest safely and with peace of mind in the DeFi sector. For more information, the user can visit www.athenains.io.

Contact

Media Team
Athena Insurance
[email protected]

Fuente

DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

No spam, no lies, only insights. You can unsubscribe at any time.

Fuente

DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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