Lido Integrates Firelight Loss Protection Into Its Earn Vaults
(4 hours ago) · 1 source · Summarized by CryptoBipto
Lido, a major liquid staking protocol, has added loss protection from Firelight to its Earn Vaults product. The integration is designed to offer users a layer of protection against potential losses when using the vaults. Details on the specific mechanics and coverage limits of the protection have not been fully disclosed.
WHY IT MATTERS
In decentralized finance, or DeFi, users deposit their crypto into protocols to earn returns, but there is always a risk of losing some or all of their funds.
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SOURCES
- thedefiant.io
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