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Why Crypto Needs Better Insurance Models | Drew Patel, Karak

Empire

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Journey into the Crypto World and DeFi Security Solutions

The chapter follows an individual's early exposure to Bitcoin, their experiences with earning and using it for purchases, and their transition into the DeFi space. It explores their path from Ethereum hackathons to focusing on DeFi security solutions and the challenges faced in obtaining insurance for DeFi projects. The conversation highlights the need for more sophisticated insurance models in the crypto space and the inception of Carac to address risks in staking and DeFi.

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