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Athena Ins: Revolutionizing Decentralized Insurance for DeFi Investments

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Santa Fe, Mexico – 20/06/2024 – (SeaPRwire) – Athena Ins launches a pioneering decentralized insurance solution, offering robust protection for DeFi investments against a backdrop of increasing security threats. This innovative protocol aims to safeguard crypto assets, ensuring secure investing in a volatile ecosystem.

Why Athena Ins

In response to the escalating security challenges in decentralized finance (DeFi), Athena Ins emerges as a vital solution. In May 2024 alone, the crypto space witnessed 30 hacks resulting in $574.6 million in losses, with $385 million stolen by hackers—a 666% increase from April 2024. Athena Ins addresses these issues by providing a decentralized insurance protocol that covers risks such as hacking, stablecoin depegging, and smart contract vulnerabilities. Built on the Ethereum lockchain, it eliminates traditional intermediaries, automating claims management through smart contracts.

Decentralized Architecture for Enhanced Protection

Athena Ins operates on multiple leading blockchains, including Arbitrum, Ethereum, Polygon, Linea, Base, and Starknet, ensuring seamless integration with major decentralized protocols. This multichain approach offers optimal protection to users across various networks. The protocol relies on a network of liquidity providers who strategically allocate capital across different coverage pools, enhancing stability and resilience through effective risk mutualization.

Innovative Claims Management

Athena Ins features a transparent claims management system. Compensation claims are processed by the decentralized court Kleros, ensuring fair and impartial decision-making through community voting and expert investigations, without centralized arbitration.

Dynamic Pricing for Fair Premiums

Athena Ins utilizes advanced risk assessment algorithms to offer insurance coverage at competitive rates. The protocol analyzes factors such as utilization rates and incident histories in real-time, enabling dynamic and fair premium calculation. This ensures optimal value for insured parties while maintaining economic viability.

Flexibility for Liquidity Providers

Liquidity providers benefit from flexibility in customizing their investments. They can select risk pools that match their strategies and risk tolerance, promoting optimal diversification and reducing the risk of isolated losses. This approach enhances capital allocation efficiency and overall protocol stability.

Leveraged Guarantee System

Athena Ins introduces a leveraged guarantee system, allowing liquidity providers to increase their exposure and potential returns without additional capital. The protocol also implements a fee redistribution model, where fees paid for coverage are redistributed to liquidity providers, creating a continuous revenue stream.

Robust Risk Management

Despite leveraging to boost returns, Athena Ins prioritizes stability and security. The protocol maintains adequate liquidity reserves to absorb potential shocks and ensures system solvency. Dynamically adjusted leverage limits contain excessive exposures, supporting sustainable growth.

The ATEN Token

The native ATEN token is central to Athena Ins, serving as a governance tool and economic incentive mechanism. Holders can participate in key decisions, and create new coverages. A deductible from each refund burns ATEN tokens, increasing their value with more hacks. A total of 3 billion ATEN tokens will be issued, with a strategic allocation for team, ecosystem development, liquidity, advisors, incentive programs, and sales.

Partnership with Angle

Athena Ins has partnered with Angle, a DeFi stablecoin protocol backed by the investment fund a16z, to offer insurance coverage against the systemic depegging risks that can affect any stablecoin, including Angle’s USDA. This collaboration underscores both parties’ commitment to protecting investors while highlighting the robustness and stability of the USDA stablecoin.

About Athena Ins

Athena Ins is a decentralized insurance protocol designed to protect DeFi investments against hacking, stablecoin depegging, and smart contract vulnerabilities. Built on the EVM blockchain, Athena Ins eliminates intermediaries, automating claims management through smart contracts. Athena Ins stands as a comprehensive solution to DeFi security challenges, offering innovative and transparent decentralized insurance. Its dynamic pricing, flexibility for liquidity providers, and robust risk management make it a vital player in the DeFi ecosystem. Join Athena Ins for secure and peace-of-mind investing in the DeFi sector. For more information, visit www.athenains.io.

Social Links

Twitter: https://twitter.com/Athenains_off

Telegram Chanel: https://t.me/Athenainsoff

Telegram Group: https://t.me/athenains_official

Media Contact

Brand: Athena Ins

Contact: Media team

Email: contact@athenains.io

Website: https://athenains.io

SOURCE: Athena Ins

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

Sectors: Top Story, Corporate News

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Press Release

Dr. Robert MacArthur MD Creates Personal Blog to Share Insights on Healthcare and Orthopedic Medicine

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California, US, 19th October 2024, ZEX PR WIRE, Dr. Robert MacArthur MD, a highly experienced orthopedic surgeon, has launched a personal blog aimed at sharing his expertise on healthcare, orthopedic surgery, and related medical topics. Drawing from over 20 years of experience, Dr. MacArthur’s blog will cover advancements in orthopedic techniques, patient care, fitness, and health trends.

In addition to discussing complex joint replacements, spinal surgeries, and sports injuries, Dr. MacArthur will offer practical insights into emerging technologies, such as augmented reality in surgery, and advice for patients undergoing treatment. Readers can also expect posts about work-life balance, with Dr. MacArthur sharing his experiences as a single father and marathon runner.

This blog offers a platform for engaging with a wider audience, providing valuable knowledge from one of the leading voices in orthopedic medicine. Check out he blog here. 

To follow Dr. MacArthur’s journey and stay informed about the latest healthcare developments, click here

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

Glen and Michelle Scharfeld of Senior Helpers Open Up in New Online Interview

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Florida, US, 19th October 2024, ZEX PR WIRE, Senior Helpers, a leader in providing in-home care for seniors across the Nature Coast and Sun Coast areas, is excited to announce that co-founders Glen and Michelle Scharfeld were featured in an in-depth online interview. The interview, now available across various digital platforms, offers an intimate look into the couple’s personal and professional journey in creating and running Senior Helpers.

Glen and Michelle discussed a wide range of topics, including the founding principles of Senior Helpers, the unique challenges they face in the senior care industry, and the innovative strategies they employ to provide top-quality care. They also shared touching stories about the profound impact their services have on clients and their families, highlighting their commitment to enhancing the quality of life for seniors and veterans.

In the interview, Michelle delves into how her legal background has empowered Senior Helpers to navigate complex healthcare regulations effectively, ensuring that their clients receive the best possible care. Glen, with his extensive experience in law enforcement and human resources, discusses how these skills have been pivotal in shaping the company’s ethos and service delivery model.

The Scharfelds also talked about future trends in senior care and their plans for adapting to the evolving needs of their clients. Their vision for integrating more advanced technologies and expanding their service offerings underscores their proactive approach to senior care.

The full interview is available online, providing valuable insights for families, care professionals, and anyone interested in the fields of senior and veteran care.

About Senior Helpers

Senior Helpers is a trusted provider of personalized in-home care services for seniors and veterans in the Nature Coast and Sun Coast areas. Founded by Glen and Michelle Scharfeld, Senior Helpers is dedicated to improving the lives of its clients through quality care and compassionate service.

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Press Release

Cochran, Cochran and Yale Provides Successful Senior Corporate Attorney Placements for Top Law Firms In the New York City

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Rochester, NY, US, 19th October 2024, ZEX PR WIRECochran, Cochran & Yale, a leading executive recruitment firm specializing in senior leadership and legal talent acquisition, proudly announces a series of successful placements of senior corporate attorneys within top law firms across New York City. As New York’s legal market continues to expand in response to complex corporate and regulatory demands, CCY has emerged as a trusted partner, connecting premier law firms with the most qualified legal professionals.

With a deep understanding of the legal landscape, Cochran, Cochran & Yale have leveraged their extensive network and strategic recruitment methodologies to ensure firms have access to top-tier legal minds who bring not only expertise but also leadership and innovation. These placements reflect the firm’s commitment to bridging the gap between law firms in need of specialized legal talent and the senior corporate attorneys seeking leadership roles within those firms.

We are thrilled with the results we’ve seen in the New York legal market,” stated the Senior Partner at Cochran, Cochran & Yale in a recent interview. “Our goal has always been to provide law firms with candidates who have the highest caliber of legal knowledge and the leadership acumen to shape the future of their practices. With the corporate legal sector evolving at such a rapid pace, the right placements are critical, and we are proud to have been part of that process for so many of New York’s top law firms.”

Over the past year, CCY has facilitated numerous placements for senior corporate attorneys, ensuring these legal professionals align not only with the technical demands of the roles but also with the firm cultures they will be part of. These placements have ranged from corporate M&A specialists to attorneys with expertise in securities law, tax law, and intellectual property.

The firm’s process involves a multi-faceted approach to recruitment, which includes a deep analysis of a firm’s culture, strategic goals, and legal specializations. CCY’s comprehensive candidate assessments ensure that each attorney is fully vetted for not just technical competency but also long-term growth potential and leadership ability.

About Cochran, Cochran & Yale:

Cochran, Cochran & Yale is a premier New York Executive recruitment firm specializing in leadership search, senior executive placement, and organizational optimization services. With over 40 years of experience, CCY provides tailored recruitment solutions for industries, including legal, financial services, healthcare, and more. The firm is known for its commitment to finding high-caliber candidates who meet the dynamic and evolving needs of their clients, making them a trusted partner for organizations across the country.

Media Contact:

Website: https://ccy.com/

Call: (585) 420-8422

Address: P.O. Box 22725, Rochester, NY 14692 & Bonita Springs

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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