TechFlow News – On February 24, Degis, an insurance protocol within the Avalanche ecosystem, announced it has raised $3 million in a combined angel and seed funding round. The investment was backed by institutions including the Avalanche Blizzard Fund, Avalanche Asia Star Fund, GBV, Gerstenbrot Capital, Rarestone Capital, Magnus Capital, Winkrypto, and 4ward Fund.
Degis is the first decentralized aggregated insurance protocol built on Avalanche, incubated by the HKUST Crypto-Fintech Lab and supported by the Avalanche Foundation. It aims to provide users with comprehensive, multi-dimensional insurance products, including token price protection, impermanent loss coverage, and smart contract insurance. Compared to existing DeFi insurance protocols, Degis features automated claims processing and centralized insurance liquidity. Additionally, Degis will conduct its IDO on March 7 and open IDO registration on Avalaunch starting March 2. (Original link)
