In Just One Week, Ethereum DeFi Explodes By 81%

This week, a decentralized finance (DeFi) altcoin based on Ethereum (ETH) dropped by more than 82% while most other crypto projects moved sideways.

InSure DeFi (SURE) is an insurance ecosystem for the blockchain world that helps protect users of DeFi, non-fungible tokens (NFTs), and metaverse gaming.

At the time of writing, the project’s own token, SURE, is worth $0.00798. The 182nd-ranked crypto asset by market cap is up 82.4% in the last week, 203.5% in the last 30 days, and more than 320% since the beginning of 2023.

On Monday, the crypto asset was added to the Hotbit exchange, which is based in Hong Kong. This month, Vulkania, a dashboard and data aggregation platform for crypto, released a dashboard for inSure. On March 4, SURE was added to a decentralized exchange (DEX) called O3 Labs.

InSure wants to protect DeFi traders’ portfolios from scammers and losses that come out of the blue.

Describes the whitepaper for the project,

“The project aims to create an ecosystem to distribute the risks, where premiums are determined by a Dynamic Pricing Model. Capital required to back the risks at any point of time will be based on the market pricing of SURE tokens and community demand for insurance of the crypto portfolios.

A decentralized support system will be established to diligently process all the insurance claims and implement the layers of inSureDAO voters to make sure any fraudulent claims are flagged and only valid claims are fulfilled.”

Even though inSure has made a lot of money this year, it is still 93% below its all-time high of $0.113970, which it reached in early 2021.

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