🔐Decentralized Insurance

Decentralized insurance makes the insurance claim process intelligent and automated, which helps L2FINANCE to better avoid transaction risks and protect digital assets.

①Efficient automated claims processing： Automated claims processing based on smart contracts requires no cumbersome formalities for claim application. Claims can be settled when the provisions of the smart contract are met, avoiding the risks and misjudgment caused by human intervention, and securing L2FINANCE assets.

②Smart contracts management: The insurance funds are managed by a smart contract. L2FINANCE is free to choose an insurance pool and can receive the recovery in the event of an insurance claim.

③On-chain interoperability with insurance for the first time： L2FINANCE uses a combination of traditional fiat currency and cryptocurrency to purchase insurance and tokenizes insurance assets for management underpinned by smart contracts, with an automated settlement of insurance claims.