Paris, France, July 2, 2024, Chainwire
Athena Ins is altering the panorama of decentralized insurance coverage with its superior protocol, offering customers with an insurance coverage measure in opposition to decentralized finance (DeFi) dangers. The modern platform permits people to buy insurance coverage to guard their DeFi investments in opposition to a variety of threats, together with hacking, sensible contract vulnerabilities, and stablecoin volatility.
In contrast to conventional insurance coverage firms, Athena Ins operates by way of sensible contracts, eliminating the necessity for centralized intermediaries and making certain transparency and decentralization. Customers can simply shield their deposits in DeFi protocols and obtain compensation within the occasion of a lined incident, drastically enhancing the security and maturity of DeFi.
Essential options of Athena Ins
Within the decentralized insurance coverage market, Athena Ins stands out with a number of options.
- Aggressive Premium: Costs are algorithmically optimized to maintain them inexpensive.
- Funding Freedom: Insurance coverage firms select threat swimming pools primarily based on their very own preferences.
- Reap the benefits of the guarantee: Insurers can improve their publicity looking for larger return potential.
- Sustainable Income: The premiums are redistributed and the assure cash earns curiosity.
Strategic partnership with Angle (backed by A16Z) to profit DeFi
Athena Insurance coverage has partnered with Angle A16Z-funded DeFi protocol to supply elevated safety for buyers. Due to this strategic partnership, Angle customers will be capable to profit from the modern insurance coverage supplied by Athena Ins, offering safety in opposition to the danger of depegging Angle’s native stablecoin USDA.
ATEN: A token on the coronary heart of the Athena Ins ecosystem with a wide range of advantages
On the coronary heart of the Athena Ins ecosystem is ATEN, a multi-purpose native token that performs a key position within the functioning and evolution of the protocol. Greater than only a cryptocurrency, ATEN provides holders actual decision-making energy and important affect over the platform.
ATEN holders are key actors in Athena Ins governance: they’ve the ability to form the way forward for the protocol by actively collaborating in strategic choices by way of a democratic and clear voting system.
From adjusting technical parameters to order allocations and main updates, each vote counts in constructing an ever-more environment friendly decentralized insurance coverage ecosystem that’s aligned with the wants of our group.
An important position within the insurance coverage protection lifecycle
ATEN is important for creating new insurance coverage insurance policies on the platform. As well as, ATEN holders actively take part within the incident administration course of: they consider and confirm compensation claims and guarantee a good and clear claims dealing with.
A deflationary financial mannequin for sustainable worth
The Athena Ins protocol incorporates an ingenious burn mechanism that regulates the circulating provide of ATEN. Upon incident decision, a deduction is taken for every refund, and tokens are bought and destroyed to completely take away them from the market, exerting deflationary strain on the general provide.
This strategy is meant to help the long-term worth of ATEN and align holders’ pursuits with the expansion and stability of the platform.
ATEN's financial mannequin has been meticulously designed to help the sustainable and balanced development of the Athena Ins ecosystem. A complete of three billion tokens might be step by step put into circulation and strategically distributed amongst varied stakeholders.
The crew, ecosystem, liquidity, advisors, rewards program, presale and public sale buyers all play a significant position within the protocol's improvement and mass adoption. With clear and truthful tokenomics, Athena Ins lays the muse for a thriving and sustainable decentralized insurance coverage ecosystem.
Arbitrum Blockchain on the coronary heart of the deployment
Though Athena Ins goals to undertake a multi-chain strategy, the protocol was initially deployed on the Arbitrum blockchain. The preliminary integration with one of the vital mature and developed DeFi ecosystems will make the protocol simpler to undertake and accessible.
Customers can maintain their property on this main blockchain and profit from the insurance coverage protection of Athena Ins. Different main blockchains equivalent to BNB Chain and Polygon are additionally built-in.
Profitable pre-sales and future plans
Athena Ins has accomplished a public presale, elevating $375,000, and a second public token sale is deliberate. ATEN shouldn’t be but listed on any trade, however there are plans to take action sooner or later.
Conclusion
Athena Ins stands out as a significant participant in DeFi with its clever decentralized insurance coverage system and versatile ATEN token. Its modern strategy guarantees to make cryptocurrency investments safer and democratize entry to on-chain insurance coverage merchandise.
About Athena
Athena Ins is a decentralized insurance coverage protocol designed to guard DeFi investments in opposition to hacks, stablecoin depegging, and sensible contract vulnerabilities. Constructed on the EVM blockchain, Athena Ins eliminates middlemen and automates claims administration by way of sensible contracts. Athena Ins gives modern and clear decentralized insurance coverage, serving as a complete answer to DeFi safety challenges. With dynamic pricing, liquidity supplier flexibility, and strong threat administration, it performs a significant position within the DeFi ecosystem. Be a part of Athena Ins for protected and safe funding within the DeFi sector. For extra data, please go to www.athenains.io.
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