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Difference between revisions of "Solace"
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[[File:Solace.png|thumb|Solace]] | [[File:Solace.png|thumb|Solace]] | ||
Solace | Solace is a decentralized insurance protocol that offers users protection from risks in DeFi products like smart contract exploits, hacks, and other technical failures. It was founded on 10 January 2021 by Nikita Buzov. | ||
== Overview == | == Overview == | ||
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Solace faces various problems like low interest from retail policyseekers due to a risk-loving nature of crypto-native people. A coverage doesn't seem like something attractive for someone willing to risk half of their life funds to 10x it. Besides, the concept of automated risk rating seems strange and unfamiliar to new potential investors. | Solace faces various problems like low interest from retail policyseekers due to a risk-loving nature of crypto-native people. A coverage doesn't seem like something attractive for someone willing to risk half of their life funds to 10x it. Besides, the concept of automated risk rating seems strange and unfamiliar to new potential investors. The Solace team combats it with creative advertising and the necessity for DeFi to mature. | ||
== Solace Wallet coverage == | == Solace Wallet coverage == | ||
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Solace will soon release its DAO2DAO project as a counterweight to its Solace Wallet Coverage designed for individuals. | Solace will soon release its DAO2DAO project as a counterweight to its Solace Wallet Coverage designed for individuals. | ||
[[Category:Protocols]] | |||