Insurance products for Decentralized finance have started seeing a huge resurgence with firms offering everything from wallet insurance to an options based insruance to hedge for or against market determined prices. Wallet insurance providers such as etherisc enable users to insure their wallets against theft, hacks or other forms of violations. However, wallet based insurance in itself might not be sufficient to assure users of protection when investing in decentralized insurance products. One would need protection of user investments. . That being said, there are products such as opyn which provide liquid insurance that hedges against extreme volatility
What this enables end users do is to set up a put option for ethereum at a certain price, on a certain day, which will guarantee the user a payout equal to the said price. the user also gets the option to either exercise the trade or not. These markets, though relatively new provide cryptocurrency and decentralized finance traders mechanisms to lock-in interest rates for cryptocurrency assets that would otherwise not have been possilbe.
There are a whole host of
