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.