Product Launch: MIM De-Peg Insurance is delighted to announce the launch of MIM Stablecoin De-Peg Insurance service.

Following the successful launch of our Stablecoin De-Peg insurance, is delighted to add MIM De-Peg insurance to our list of 80+ protocols covered.

Our Stablecoin De-Peg Insurance will provide financial protection in the event of a stablecoin moving significantly below its pegged price, therefore giving peace of mind to Defi users when making investments using stablecoins.

MIM De-Peg Cover

The MIM De-Peg Cover will compensate the insured for the value of the quantity of the MIM the insured is holding at the ratio of 1MIM = 1USD when MIM moves off-peg, trading below $0.93 based on a 10-day Time Weighted Average Price (TWAP).

The annual premium will be as low as 0.75% to a maximum of 5.00%, determined algorithmically and depends on supply and demand for this cover. The fair unit cost (when 50% is sold) is 1.88%, the target unit cost range is from 1% to 2.75%

Detailed T&Cs can be found here: MIM De-Peg Policy Wording

About is a decentralized multi-chain insurance protocol, to empower the risk protection infrastructure for the DeFi community. offers portfolio-based insurance products with optimized pricing models to substantially lower the cost; launches insurance investment functions with flexible underwriting mining programs to create sustainable returns for the participants; and provides coverage for cross-chain DeFi projects to benefit the whole ecosystem.

At the time of writing, has provided coverage to 80+ protocols, safeguarding over $110M DeFi assets on 10+ public chains. is backed by DeFiance Capital, Parafi Capital, Alameda Research, Hashkey group, Huobi DeFiLabs, Hashed, IOSG, Signum Capital, LongHash Ventures and a dozen of other top funds.

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