Big Change: Catalysis Now Focuses on Big Money in DeFi

Catalysis, a blockchain infrastructure project, has made a significant change in its strategy. They are now concentrating on assisting large corporations in utilizing decentralized finance (DeFi). This shift is crucial because big companies, although possessing substantial funds, are often hesitant to engage with DeFi.

The Insurance Gap in DeFi

Currently, only a minuscule portion of DeFi is insured. Most available insurance options can only cover a few million dollars, which is inadequate for large companies that require much higher coverage. Catalysis aims to address this issue by providing insurance that can cover billions of dollars.

The New System

The new system leverages idle cryptocurrencies such as ETH, BTC, and SOL. These are deposited into specialized pools managed by experts. Large companies can then apply for insurance, pay fees automatically, and receive payouts if any issues arise. This system operates entirely onchain, ensuring transparency and automation.

Platform Features

Catalysis's new platform supports multiple assets and is designed to comply with regulatory requirements. It aims to make DeFi safer and more accessible for large corporations. This could potentially lead to a significant influx of capital into DeFi, benefiting the entire industry.

Future Plans

Catalysis is currently in discussions with potential partners and plans to reveal more details soon. This strategic move could position Catalysis as a leading player in the DeFi insurance market.