))
#73: Jeremiah Smith from OpenCover on DeFi Insurance
Manage episode 441163061 series 3394208
Umar Mallam Hassam에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Umar Mallam Hassam 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Since 2017, over $8billion has been lost on-chain due to smart contract hacks, infrastructure issues and rugpulls.
The figure becomes even larger when you count phishing attacks and scam coins.
Yet today the vast majority of on-chain transactions and protocol positions aren’t protected… for example if you look at DeFi current TVL which is around $80billion, there is only about $100m which is covered or insured against protocol risk.
One company that is on a mission to make DeFi safe and accessible is OpenCover.
Since 2022, OpenCover has protected thousands of businesses and individuals against on-chain transaction and protocol risks.
On Episode 73, I spoke with its Co-Founder & CEO, Jeremiah Smith, who provided us a short masterclass into DeFi cover and Insurance, and how finance & accounting professionals at web3 startups & DAOs can mitigate their on-chain risks.
Download the State of DeFi Insurance Report
✅ OUR RESOURCES
✨Become a confident Web3 Accountant with our weekly free newsletter: https://www.theaccountantquits.com/newsletter
🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto https://www.theaccountantquits.com/crypto-accounting-academy
✊ Follow The Accountant Quits on Socials
👉 LinkedIN: linkedin.com/company/the-accountant-quits
👉 Twitter(X): https://x.com/accountantquits
👉 YouTube: https://www.youtube.com/@theaccountantquits
🎙️ Follow Episode Guest
Linkedin: https://www.linkedin.com/in/itsjeremiahs/
X : https://x.com/itsJeremiahS
Topics Covered:
(0:00) TAQ Intro
(1:08) Episode Intro
(3:05) Jeremiah’s background
(5:00) 3 main onchain risks
(8:15) Financial impact of onchain risks
(10:03) Best practices for keys management
(11:30) Protecting against transaction & post-transaction risk
(14:08) How to mitigate protocol risk
(16:45) Thanks to our sponsor Harris & Trotter
(18:49) Insurance for tokenized T-Bills
(20:52) How to choose DeFi Cover
(26:10) When should CFOs consider DeFi insurance
(28:35) Overview of OpenCover
(32:56) Thanks to our sponsor Web3 Finance Club
(34:38) Is OpenCover an underwriter
(37:42) Pricing
(38:54) The future of AI & DeFi Insurance
(41:45) OpenCover partnership
(44:28) Challenges for adoption
(46:11) Closing Thoughts
(47:14) Jeremiah's Pablo Picasso Maxim
(48:44) Reach out to Jeremiah
76 에피소드
공유
