cryptoinsurance

Something to be aware of as the bull is kicking in.

DeFi protocols are much more likely to break on the way down, rather than the way up.

Keep it in mind when markets change.

Insurance, Ethereum,

Founder of Nexus Mutual

You're testing my memory!

It's more that oracles and other economic assumptions get stressed more on the downside as it tends to be more extreme.

A lot of protocols effectively make probabilistic statements on how much buffer is required under certain scenarios, downside tests this more.

Which high profile defi protocol broke on the way down last time?

I am not talking about Luna, which was a scam from day 1