Insurance tokens in the blockchain sector aim to provide risk management and coverage against losses in DeFi and the broader crypto ecosystem.
Top insurance tokens to watch, sorted in no particular order: PowerTrade Fuel (PTF), Lunos (UNO), CheckDot (CDT), and DSLA Protocol (DSLA).
Each token serves a unique purpose like safeguarding derivatives platforms, offering decentralized underwriting, providing smart contract coverage, and enabling SLA insurance for Web3 services.
These tokens offer various features such as governance, staking, coverage against hacks, data-driven automation, and incentivizing good performance among service providers.