Falcon Finance establishes Onchain insurance fund with an initial investment of $10 million
ChainCatcher reported that the synthetic dollar protocol Falcon Finance has announced the establishment of an Onchain Insurance Fund, aiming to enhance transparency, strengthen risk management, and provide protection for counterparties and institutional partners interacting with the protocol through structured safeguards.
The fund has an initial capital of 10 million USD, with USD1 chosen by Falcon Finance as the first reserve currency, and additional assets will be added in the future. At the same time, a portion of the protocol fees will also be injected into the insurance fund to ensure that the fund expands along with the development of the Falcon ecosystem, providing sustainable long-term protection for the ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hyundai plans to invest $15.5 billion in India by 2032.
Secured an order for 100,000 drone batteries, Enovix (ENVX.US) surged more than 17% after hours.
Enovix surged over 17% in after-hours trading on Tuesday after the company announced it had received an initial order of 100,000 batteries from an unnamed multinational drone system supplier.
Financial Report Soared 322% but Shares Fell Nearly 4%: Technical Death Cross Suppresses APLD (APLD.US)
App’s Q1 revenue reached $300 millions, surpassing expectations. However, due to weakness in tech stocks and a technical death cross, the stock price fell by 3.78%. Analysts maintain a buy rating and are closely watching whether the key support level at $19.5 can hold.
Getty bankruptcy privatization: AI impact collapses a 5 billion empire
Getty Images has filed for bankruptcy due to the impact of AI and a debt crisis, with its stock price plummeting by 99.95%. The family and Koch Equity have injected $533 millions for privatization, aiming to transition toward AI training authorization.
Crypto prices
More
