Polkacover Partners with DFYN to offer Stable Coin Pool Covers to its users
We are excited to announce that we have partnered with DFYN
DFYN is a community-governed DeFi project that offers a low-fee AMM exchange along with yield farming opportunities. It combines the unmatched liquidity of Ethereum with the scalability of L2 platforms. Dfyn is building a multi-chain AMM with current nodes live on Polygon and OKExChain.
DFYN also runs various farming pools which have attracted over $200 million in liquidity. A large portion of that belongs to the stablecoin yield pools where community members can earn DFYN tokens as yield for providing stablecoin liquidity to DFYN Exchange.
The stablecoin liquidity on DFYN will also be used by DFYN’s sister project Router Protocol in its cross-chain swaps once the main net launches.
The product will go live soon after the PolkaCover insurance marketplace is launched.
With the recent rise of crypto hacks, a massive potential for crypto insurance is identified
We believe that there is no one clear-cut solution to satisfy insurance needs.
As a pioneering Insurance marketplace, PolkaCover offers tailor-made insurance products for the crypto community, our Stable Coin Pool Cover for DFYN is one such example. We will provide insurance to the users in the stable coin pools of DFYN.
The partnership will also look into the possibility of assisting PolkaCover with liquidity transfer when we mobilize from one network to another for a better user experience.
“The PolkaCover team is proud to partner with DFYN with the aim to build a decentralized ecosystem that is safe and secure for crypto users. Together we will bring a change in the DeFi sphere”
Kunal Sadani , CEO of PolkaCover
“We are excited to offer insured farming pools to our community — we already have a bug bounty system and multiple security audits in place, and with crypto-insurance, we will add an even further extra layer of security for our community.”
Ramani Ramachandran, CEO of DFYN.
About PolkaCover:
PolkaCover is the First DeFi insurance marketplace for the global crypto ecosystem. Our aim is to lower transactional and administrative costs of insurance policies and coverage while providing high-value, cost-effective insurance products bought using a host of cryptocurrencies.
Our platform will be connecting users with multinational insurance providers for all global insurance products such as crypto-related protection, health, life, and travel policies. The platform will include a frictionless insurance marketplace experience that incorporates next-generation blockchain technology and tokenized incentives.
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About DFYN:
DFYN is a multi-chain AMM DEX currently functional on the Polygon network. DFYN nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh that is being enabled by Router Protocol.
