TS
@taosu
Catastrophe Bonds (Cat Bonds) are financial instruments that provide additional capital to insurance and reinsurance companies during natural disasters, transferring some of the risk to bondholders.
4 replies
0 recast
0 reaction
TS
@taosu
A DeFi protocol issues Cat Bonds, setting a $1 million hacking loss as the trigger condition. Once triggered, smart contracts automatically pay out, helping the project quickly recover.
0 reply
0 recast
0 reaction
