Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Solana Forum => Topic started by: H2O on May 05, 2021, 11:10:31 PM
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While DeFi is enjoying a re-pricing following Ether’s new highs, the total value locked in the entire ecosystem has gone past $100 billion and aiming for a $150 billion mark now. Ethereum no doubt remains the leading layer 1 blockchain with almost $90 billion TVL followed by Binance Smart Chain’s (BSC) $56 billion. Coming at the third spot is Solana which has now surpassed $1 billion. The TVL on Solana (SOL) was highest last week at $1.33 billion, up from just under $150 million two and a half months back, as per Solana Project.source (https://cryptonews.net/613716/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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While DeFi is enjoying a re-pricing following Ether’s new highs, the total value locked in the entire ecosystem has gone past $100 billion and aiming for a $150 billion mark now. Ethereum no doubt remains the leading layer 1 blockchain with almost $90 billion TVL followed by Binance Smart Chain’s (BSC) $56 billion. Coming at the third spot is Solana which has now surpassed $1 billion. The TVL on Solana (SOL) was highest last week at $1.33 billion, up from just under $150 million two and a half months back, as per Solana Project.source (https://cryptonews.net/613716/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
Solana has a BSC Pad this is very good coin i was get 100 Solana fast time when i was sell it only .30 now the price is near 50$ what a matter of time i was perticipate a airdrop then i was get it.now i can say Solana will go a very position with in short time.
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This very large TVL owned by Solana and is equivalent to hundreds of Bitcoins that can be compared from various cryptocurrency markets and really this will be the best choice to be able to choose a large investment in Solana coins.
This will be a good future for Solana because the proof of 1 billion USD for TVL is the power of trust of all investors in Solana coin, right?
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Now TWL is even bigger, but we need tools to insure it.
I would like to draw your attention to Amulet - it is a DeFi insurance protocol for the Rust-based ecosystem with initial development on Solana (Cosmos in the near future)
Similar to traditional insurance, DeFi provides financial security for all users interacting with Web3 financial products. Currently, DeFi insurance covers the risks of smart contracts, depeg stables, economic exploits, etc. Of all these risks, smart contract exploits were one of the most significant contributors to the loss of nearly $3B in 2021. By securing these initial types of risks and expanding Amulet's scope, Amulet aims to create a safer Web3.
What risks does Amulet cover?
Smart contract vulnerability: The failure of a smart contract in the event that the covered protocol is exploited or does not function as intended.
Stablecoin De-Peg: The risk that a stablecoin will trade below its peg for an extended period of time. This is currently only available for US dollar based stable coins.
Slashing: Solana does not currently have implemented penalties for slashing, but we intend to offer this coverage when this part of the protocol becomes operational.
You can find Amulet via Google search