4 years ago
Unslashed Finance Raises $2 Million to Expand Crypto Asset Insurance
Unslashed Finance, a London-based company providing insurance for crypto assets, raised $2 million in funding
Backers include Lemniscap, P2P Capital, Bitscale Capital, Chainlayer, and several angels, including Enzyme founder Mona El Isa
The company intends to use the funds to expand operations and its business reach
Unslashed has built a decentralized protocol for people wanting to buy insurance for their assets and investors looking for uncorrelated yield
The protocol ensures all underwritten risks are constantly collateralized and the claims process is fully decentralized, independent, and transparent
The company has already sold more than $400 million worth of insurance across different protocols and policies.
ProblemFinancial Services
"losing crypto assets due to exchange and smart contract hacks, validators slashing, stablecoin peg failures, oracle failures, and other risks"
Solution
"insurance products to secure crypto assets by collateralizing underwritten risks and providing a decentralized and transparent claims process"