Unslashed Finance (USF)

Basics

• Based in: London
• Founded in:
• Launched privately in February 2021.
• Mainnet release:
• Insurance protocol (17-9-2020):

"With Unslashed, you can take part in the consensus protocol of your favorite PoS blockchain without the need to worry about the rest."

• From this insurance deep dive (3-2021):

"Unslashed Finance is currently in private beta mode. Unslashed Finance offers bucket-style risk pooling for capital providers. The first product, named Spartan Bucket, covers 24 different risks covering counterparties such as custodians, wallets, exchanges, smart contracts, validators, and oracles."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Ethereum

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Usage

• From Crypto Briefing (2-6-2021):

"The project had been running a private beta, during which it [was] covering over $1.23 billion worth of value locked across DeFi and crypto exchanges."

Projects that use or built on it

• From Crypto Briefing (2-6-2021):

"It offers protection for funds on Coinbase, Binance, Bitmex but also on Synthetix, Bancor, and Balancer pools."

• Kyber; partnered with Unslahed to cover up to $20M on the Kyber DMM (23-4-2021).
• Lido Finance; from this insurance deep dive (3-2021):

"Lido Finance purchased $200 million worth of cover from Unslashed Finance for its stETH (ETH 2.0 staking) to cover the risk of slashing penalties. Slashing refers to penalties exerted towards the Proof of Stake (PoS) network’s validator when the validators fail to maintain the network consistently."

Competition

• Nexus Mutual and other decentralized insurance protocols.

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].
• Marouane Hajji; founder

Funding

• From Hackernoon (22-6-2021):

"Raised £1.5 million in a round that included investment from the likes of Kyber Founder Loi Luu and Argent Founder Itamar Lesuisse."