Welcome Don-keys — Today, the team is excited to unleash the final layer of a deeper, more cohesive plan to bolster security on the platform. With total losses from DeFi surpassing more than a billion dollars, it’s high time Don-key offer its growing community of first time farmers a safety net to complement the platform’s signature ease of use.
Don-key’s first insurance covered strategy is live! Powered by Bright Union, this collaboration represents the first time in history that a platform dedicated to asset management is able to offer decentralized insurance.
Thanks to Bright Union — a rapidly expanding decentralized insurance aggregator — the team will integrate InsurAce into Don-key’s current Polygon strategy, “WMATIC the new king” which utilizes ApeSwap and Beefy Finance to generate an APY of 22%. Not costing an arm or leg, the average cost of coverage comes out to a very affordable 0.24% per month.
In Bright Union powered copy-farms, of which there will soon be many, insurance can be purchased every month and will need to be purchased each month after purchase.
Bright Union, which acts like the 1Inch for decentralized insurance, makes it easy for Don-key to fully integrate with the biggest names in DeFi coverage (Nexus Mutual, Bridge Mutual and InsurAce,) making it a no-brainer for yield farmers to protect their digital assets.
Lowering Barriers to DeFi Investment
The future of Don-key’s copy-farming platform will be secured by the team’s ability to pinpoint investor hangups, and methodically address them so that the product increasingly conforms to community needs and expectations.
This applies to token accessibility, platform logistics, education, and of course security, the first major obstacle that the team has dedicated itself to overcoming, and transforming into a distinguished feature of the platform.
Building out a cohesive security profile, insurance, regular audits, and Don-key’s third party custody solution with Fire Blocks opens the doors to risk sensitive investors with large amounts of capital. With insurance, they can invest their capital with zero fears of losing funds to potential hacks.
About Bright Union
Bright Union is the world-leading multi-chain decentralized finance cover marketplace. Our mission is to safeguard your digital assets from hacks, smart contract failures, and rug pulls by empowering the crypto community to cover one another in a decentralized and permissionless manner.
Bright Union provides the most comprehensive range of crypto insurance on the market at competitive prices. Furthermore, Bright Union will soon release its unique suite of cutting-edge risk solutions, providing investors with outstanding investment and coverage opportunities. Be bright and take advantage of DeFi’s exponential growth.
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About Don-key Finance
Don-key.finance is building the first social trading platform for yield farming, bringing together liquidity providers and yield farmers alike. For this reason, the community refers to Don-key as the eToro of Yield Farming, which is a title the team embraces wholeheartedly.
The goal of the platform is to eliminate yield farming’s infamous complexity and replace it with a seamless retail experience, streamlined to offer the most profitable and adaptive product on the market.
With just one-click users can route their liquidity — in whichever token they chose — through professionally designed strategies that are updated to chase the highest available APY while minimizing risk.
Competitive Yield Farming is a full-time job; Don-key does it, so you don’t have to.