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Why Crypto Needs Better Insurance Models | Drew Patel, Karak

Empire

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Diversifying Collateral and Market Efficiency in the Crypto Space

The chapter introduces a novel approach in the crypto industry, allowing various types of collateral beyond Ethereum for different applications. It emphasizes the importance of a free market approach where participants can choose tokens to stake based on their use case, while discussing market efficiency, collateral selection in DeFi protocols, and the role of Decentralized Service Providers (DSS) and operators.

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