Falcon Finance Launches Onchain Insurance Fund for Enhanced Risk Management

Falcon Finance has taken a significant step towards enhancing transparency and risk management by launching an Onchain Insurance Fund, according to BlockBeats. This fund is designed to offer protection to both counterparties and institutional partners who utilize the protocol’s services. Initial contributions of $10 million have been made, with USD1 serving as the initial reserve currency, and plans for future asset integration are in progress. Furthermore, a portion of the protocol’s fees will be dedicated to the insurance fund’s growth, ensuring its continued development and long-term sustainability within the Falcon ecosystem.