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What is Squirrel Finance?

Squirrel Finance has unveiled a groundbreaking decentralized insurance offering specifically designed for yield farming on the Binance Smart Chain (BSC), ensuring immediate compensation for users if their funds are locked or stolen. Although events like "rug pulls" or code flaws are uncommon, Squirrel addresses the needs of users who desire extra protection for their investments. The platform functions by wrapping existing farms on BSC with a smart contract, allowing users to deposit into underlying farms like CAKE while continuing their farming activities with the added security of insurance. When a user withdraws funds, Squirrel checks to ensure the returned amount matches the original deposit; if any discrepancies are detected, users receive automatic compensation in NUTS during the same transaction for their insured value. This entire mechanism operates without human intervention, guaranteeing a smooth user experience. By merging decentralized insurance with automatic payouts, Squirrel simplifies the farming process through NUTS insurance, which also acts as the governance token, enabling users to participate in protocol management and earn fees from farm insurance. This innovative method not only enhances asset protection for investors but also fosters a more secure and reliable environment for yield farming activities, paving the way for a more resilient financial ecosystem. Through this initiative, Squirrel Finance is setting new standards in the realm of decentralized finance.

What is Insured Finance?

Insured Finance functions as a decentralized peer-to-peer insurance marketplace that simplifies the claims process and ensures rapid payouts, leveraging the strength of the Polygon network. This innovative platform empowers users to effortlessly request or provide insurance for a wide array of cryptocurrency assets. Users can anticipate prompt compensation due to fully collateralized claims, which act as a safeguard against potential vulnerabilities such as bugs and exploits within smart contracts. With substantial losses in the hundreds of millions of dollars attributed to smart contract breaches, Insured Finance plays a crucial role in protecting users from these dangers. Furthermore, it allows individuals to secure their cryptocurrency assets held on exchanges, reducing the financial repercussions associated with hacks or bankruptcies that have resulted in significant losses across the industry. The stablecoin market has grown to exceed $25 billion, yet it continues to face a multitude of risks, including breaches in security and insolvency of issuers. Insured Finance offers a solution for users aiming to protect themselves against possible failures in the stablecoin arena, enhancing the security of their investments in an ever-volatile market. This unique approach to insurance fosters a more secure environment, enabling participants to navigate cryptocurrency markets with greater assurance and peace of mind.

Media

Media

Integrations Supported

Telegram
ApeSwap
BNB Smart Chain (BSC)
Binance Web3 Wallet
Fomo
MetaMask
PancakeSwap
Polygon

Integrations Supported

Telegram
ApeSwap
BNB Smart Chain (BSC)
Binance Web3 Wallet
Fomo
MetaMask
PancakeSwap
Polygon

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Squirrel Finance

Date Founded

2020

Company Website

squirrel.finance/

Company Facts

Organization Name

Insured

Date Founded

2020

Company Website

insured.finance/

Categories and Features

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