DeFi Insurance Protocol FairSide Closed $4.2 Million Funding Round with Alameda Research and Others
TokenInsight news, FairSide, a risk-diversified DeFi insurance protocol, has closed a $4.2 million round of funding with participation from Alameda Research, Dominance Ventures, Jump Capital, and others. The funds raised will be used to further develop its DeFi insurance protocol.
FairSide is committed to providing cryptocurrency holders with a better alternative to the DeFi insurance protocol. Cryptocurrency holders will no longer need to manage multiple policies, pay large premiums or wait for pools to be created to obtain coverage.