What is DEIN?

DEIN (Decentralized Insurance Network) is a multi-chain protocol that provides decentralized coverage for risks in DeFi, such as smart contract exploits, hacks, rug pulls, and losses on centralized exchanges or stablecoins.

Essentially, it is a marketplace where users purchase insurance policies for their assets across various blockchains, including EVM and non-EVM networks, while underwriters deposit capital into pools to back these policies and earn yields from premiums. Claims and payouts are decided through DAO governance, where participants vote on validity, ensuring community-managed discretionary decisions.

The protocol uses policy books for specific projects or risks, with modular infrastructure allowing addition of new coverage types via contract addresses, and supports staking of DEIN tokens or LP positions for rewards and governance participation.