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Steady State is a comprehensive DeFi insurance protocol protecting users and securing protocols through extensive coverage of risks. Our system employs automated smart contract procedures and an industry-first Risk Analysis Database (RAD) to remove bias, increase efficiency, and ensure immutable claims processing.
With DeFi's meteoric growth and continuous ecosystem expansion, challenges arise, resulting in unique opportunities. DeFi's TVL jumped from $1B in 2020 to $150B in May 2021. However, unprecedented risks such as hacks and flash loan exploits remain unaddressed, making the market highly unpredictable. Steady State secures currently uninsured assets, which comprise 99% of all value locked in smart contracts. The introduction of a liquid insurance market introduces greater volume and convenience for users.
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