The Avalanche ecological insurance protocol Degis will integrate Arbitrum

ChainCatcher news, the Avalanche ecosystem insurance protocol Degis will integrate with the Arbitrum network, providing insurance for multiple ecosystem projects such as GMX, and offering more comprehensive crypto asset protection for Arbitrum ecosystem users. Degis will also soon launch an Arbitrum testnet incentive program, providing DEG rewards to eligible users.

It is reported that Degis is a native insurance protocol on Avalanche incubated by the Crypto-Fintech Lab of the Hong Kong University of Science and Technology, with initial investment from the Blizzard Fund and participation from GBV, CMT Digital, and others. The smart contract insurance provided by Degis protects users from risks such as hacking, smart contract vulnerabilities, and oracle failures. In the event of a risk incident, users can file a claim based on their policy, with the maximum compensation amount determined by the contract. (Source link)