Falcon Finance Introduces Onchain Insurance Fund to Enhance Risk Management

According to BlockBeats, Falcon Finance has announced the establishment of an Onchain Insurance Fund aimed at improving transparency and strengthening risk management. The fund is designed to offer protection to counterparties and institutional partners interacting with the protocol. It begins with an initial contribution of $10 million, using USD1 as the first reserve currency, with plans to incorporate additional assets in the future. A portion of the protocol's fees will also be directed into the insurance fund, ensuring its growth alongside the Falcon ecosystem and providing sustainable long-term protection source: https://www.binance.com/en/square/post/28925754712858?utm_source=BinanceNewsRSS