BitProtocol
  • Introducing Bit Protocol
    • Market opportunity
    • Growth Strategy
    • Privacy in Oasis Sapphire
      • Underlying tech
    • Governance
  • Protocol
    • Deposit Collateral and Mint bitUSD
    • Stability Pool and Liquidations
    • Redemptions
    • Protocol Fees
    • Recovery Mode
    • Supported Collaterals
  • Guides
    • Deposit
    • Provide liquidity
    • Redeem
  • Resources
    • Contracts
    • Audits
    • Brand Assets
  • DISCLAIMER
    • Disclaimer
    • Privacy Policy
    • Service Agreement
  • Future Expansions
    • 1-Click Leveraged Longs
    • Troves as NFTs
    • Automated Position Maintenance
    • Peg Maintenance
    • Insurance
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  1. Future Expansions

Insurance

By incorporating the ability to insure assets used as collateral by the protocol, we are able to utilize virtually any ERC20 token asset to mint BitUSD. If the asset becomes compromised, the insurance provided by third-parties can be used to cover any losses.

This dramatically expands the use cases of BitUSD while providing a potential additional source of significant yield for users who insure certain assets deposited in Bit Protocol.

PreviousPeg Maintenance

Last updated 12 days ago