TechFlow news: Degis, an insurance protocol within the Avalanche ecosystem, will integrate with the Arbitrum network to provide coverage for multiple projects such as GMX, offering enhanced protection of crypto assets for users in the Arbitrum ecosystem. Degis will also soon launch an incentive program on the Arbitrum testnet, distributing $DEG rewards to eligible participants.
Notably, Degis is a native Avalanche insurance protocol incubated by the Hong Kong University of Science and Technology' Crypto-Fintech Lab, led by Blizzard Fund, with participation from GBV, CMT Digital, and others. Degis offers smart contract insurance that protects users against risks including hacking attacks, smart contract vulnerabilities, and oracle failures. In the event of a covered incident, users may file claims based on their policies, with maximum compensation amounts determined by the specific terms of each contract.
