InfinityDAO Eyes US$1 Billion Insurance Cover, IDL Ecosystem Targets Stronger Risk Protection
Mumbai/London: InfinityDAO, the AI-driven decentralised finance ecosystem behind the IDL token, is moving towards securing insurance protection of up to USD1 billion to strengthen risk management and stakeholder protection. The proposed programme is being arranged through a UK-based specialist crypto insurance syndicate. Final issuance of the policy, coverage limits, underwriting conditions and…
Mumbai/London – InfinityDAO, the AI-powered decentralized finance platform behind the IDL token, is set to secure up to USD1 billion in insurance coverage to bolster risk management and safeguard its stakeholders. The insurance policy, to be issued by a UK-based crypto insurance syndicate, will cover five critical areas: token default, platform default, crime and digital asset theft, directors and officers liability, and ecosystem risks.
Each coverage area targets specific risks, from specified events affecting IDL to cyber-related losses and unauthorised asset removals. If successfully underwritten, the insurance could position IDL among a select few digital assets with significant dedicated insurance protection, potentially marking a substantial milestone in InfinityDAO's risk management strategy.
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