DefiSafe Protocol
Hello, everyone. This is the official account of defisafe. Hive is great and has a strong community. I'm happy to be in hive. Please see my detailed introduction below.
Existing problems:
In terms of investment, profit & loss have become an unavoidable problem. Especially in the field of digital currency, the 24h x 365d transaction and unlimited transaction patterns not only bring huge returns to the purchasers, but also produce huge risks of loss.
Our priority is given to how to provide the investors with better guarantee when designing our products. At present, some decentralized insurance products are available on the market, but some shortcomings still exist. Most products are suitable for minor probability events such as hackers and vulnerabilities. The process of filing claims is more complicated, and voting and other processes are required, so it is likely that the insured users which have incurred losses cannot obtain timely compensation. Compared with minor probability events such as hackers and vulnerabilities, DefiSafe chose a situation that investors are more likely to encounter: losses. Through DefiSafe, users who hold encrypted assets can not only enjoy the appreciation in asset arising from price rise, but also take lower risks of price fall of the encrypted assets.
Solution: DefiSafe Protocol
Defisafe establishes a risk capital pool based on smart contracts, by which the users can enjoy the appreciation arising from price rise, and share the risks of asset shrinkage in case of price fall. It can be understood as a dynamic economic game model, a game between smart contracts and the market. The contracts involve many possibilities. As long as one possibility exists, it is the victory of the contracts, and the users who have incurred losses can make a profit. Defisafe provides a convenient and open cloud-free financial market for digital asset investors. People can efficiently interact based on trusted codes of smart contracts, without relying on third-party guarantee entities.