avatar

DeFi Insurance Protocol Degis Partners with GMX

Avalanche-based DeFi insurance protocol Degis announced a partnership with decentralized exchange GMX, incorporating GMX in its Protocol Protection product to offer insurance to GMX users. Premium for the Degis Protocol Protection is determined by a base premium and the dynamic pricing model. For GMX, the initial base premium is set by all the $veDEG holders, and the annualized premium in the first 7 days will be fixed at the base premium. After 7 days, the premium price will be determined by the market.

Source

DeFi

Avalanche

Insurance

DEX

In This Article

Related News
Hyperliquid hits record $248 billion perp volume in May, capturing over 10% of Binance flow Hyperliquid hits record $248 billion perp volume in May, capturing over 10% of Binance flow
Sui DEX Cetus Protocol restarts platform after recovering from $223 million exploit Sui DEX Cetus Protocol restarts platform after recovering from $223 million exploit
Sui DEX Cetus says overlooked flaw in open-source library used by smart contract led to $223 million exploit Sui DEX Cetus says overlooked flaw in open-source library used by smart contract led to $223 million exploit
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Pump.fun launches DEX called PumpSwap to instantly migrate graduated token Pump.fun launches DEX called PumpSwap to instantly migrate graduated token
Latest News More More
6 Hours Ago Daily Market Wrap | Aug. 20
1 Day Ago Daily Market Wrap | Aug. 19
2 Days Ago Daily Market Wrap | Aug. 18
5 Days Ago Daily Market Wrap | Aug. 15
6 Days Ago Daily Market Wrap | Aug. 14

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open