DeFi insurance protocols offer a unique yield opportunity: earn premiums by underwriting coverage for smart contract risks.
Key Takeaways
- Insurance underwriting = earn premiums for taking on protocol risk
- Nexus Mutual is the largest DeFi insurance protocol
- Yields come from real revenue (premiums paid by users)
- Risk is real: major hacks can wipe out underwriters
- Best for: Experienced DeFi users with strong conviction