Web3 Security

I’ve got a Web3 security related question: Why isn’t onchain insurance more popular in Web3?

skininthegame

• Web3 Researcher • @ uni for econ & crypto • Boys Club & SheFi member • FID 2768 • bonfire.xyz/NancyARubel

oh shit i also just posted this in /skininthegame lol

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

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On this specific application - I think auditors & deployers need more skin in the game. Auditors simply have social clout on the line atm - they need actual $ on the line (kinda like Sherlock).

I don't have a good design for this idea though.

Yoo great minds think alike! Why were you wondering about onchain insurance? 

I wonder about it bc there’s an extraordinarily large amount of money being stolen through scams, hacks, etc. every year, but seemingly no way to mitigate it all