NEW YORK, NY, April 19, 2022 (GLOBE NEWSWIRE) — Uno Re ( http://unore.io/ ), a decentralized insurance coverage platform, will launch its Cowl Portal on April 23, 2022. Accessible by way of Uno Re’s dApp, the Cowl Portal addresses an underemphasized want in DeFi house: easy accessibility to insurance coverage. For the primary time, DeFi customers can insure their crypto-assets in a couple of easy steps because of Cowl Portal’s clear and easy UI.
The hazard of hacker assaults retains rising inside DeFi house (case examine: https://bit.ly/3jYokl7 ) and inflicting drastic losses for customers and protocols alike. The entire sum misplaced to hacks within the first quarter of 2022 is up 695% from Q1 2021’s losses. With each the amount and severity of assaults on the rise, skepticism surrounding the DeFi house can also be rising.
One of many main gamers in DeFi insurance- Uno Re launched its Cowl Portal which goals to grant customers easy accessibility to insurance coverage protection by way of its user-friendly UI.
What’s Uno Re’s Cowl Portal?
Cowl Portal is Uno Re’s newest dApp – scanning customers’ pockets, detecting insurable property inside in addition to staked in staking and farming swimming pools throughout chains, measuring doable dangers utilizing an AI-based algorithm, and permitting customers to safe their on-chain property immediately.
Cowl Portal is optimizing the insurance coverage buying expertise for customers by simplifying all steps as a lot as doable. Upon connecting their wallets and detecting their insurable property, customers can merely select the token(s) and the way a lot to insure. Cowl Portal permits customers to pay their premiums in USDC.
“The launch of our Cowl Portal marks the start of a brand new period within the DeFi insurance coverage trade. We have now been steadily constructing and bettering our platform to make a hassle-free insurance coverage service doable for DeFi customers. Cowl Portal is the ultimate step in direction of fulfilling our true potential and makes our platform an entire ecosystem of a number of companies and mechanisms, working like clockwork. We’re delighted to have achieved this and look ahead to bettering the general safety of DeFi house.” said Jaskanwar Singh, CEO, and Co-founder of Uno Re.
About Uno Re
Uno Re is the protocol behind Cowl Portal. An insurance coverage supplier for DeFi customers and associate of quite a few DeFi platforms, Uno Re efficiently supplied compensation to Umbrella Community hack victims in March 2022. Because the insurer, Uno Re has processed the declare in a couple of days and ensured that 91% of affected pockets addresses are coated and appropriately compensated.
Uno Re is the world’s main decentralised insurance coverage and reinsurance platform, permitting the group to take a position and commerce in ‘threat’ and obtain sizable returns on their investments in one of many most secure asset lessons on this planet. The platform will break boundaries to entry for the retail investor by disposing of the historic pre-requisite of absurdly excessive capital typically wanted to take a position into the market whereas additionally introducing much-needed transparency into the trade as an entire. Uno Re will even permit the group to suggest revolutionary insurance coverage merchandise to the house, thus propelling a brand new technology of Insurtech firms powered by the Uno Re ecosystem.
Media Contact
Model: Uno Re
E-mail: [email protected]
Web site: https://unore.io/
SOURCE: Uno Re
