Harnessing Risk, Reward, and Resilience: The Evolution of Insurance in Decentralized Finance
Insurance is a fundamental component of the financial ecosystem, providing a vital framework for managing risk and uncertainty. Since the 17th century, insurance has played a critical role in facilitating trade, investment, and economic growth. However, in the early days of decentralized finance (DeFi), insurance was often overlooked or implemented in rudimentary forms. As DeFi continues to evolv…