Solace is a decentralized coverage protocol, insurance-alternative, that allows DeFi liquidity providers and market makers to hedge their risk in the event of smart contract exploits. There are 3 ways of using Solace: (1) buy coverage and connect it with users wallet, (2) directly bonding the asset to Solace and buying the $SOLACE in discount, (3) buying $SLOACE on the open market and staking to earn yield, (4) developing risk managing model to earn fees when the risk coverage sold.