Comment on page
Welcome
Welcome to Squirrel Finance!
Squirrel Finance is the first decentralized insurance solution for yield farming on BSC that instantly & automatically compensates users if their funds are locked or stolen. Although the risk of a "rug" or a code bug is small, Squirrel is built for users who want the extra protection.
Squirrel wraps existing farms on BSC with a smart contract that deposits to the underlying farm (e.g. CAKE). This allows you to continue farming like normal, but with the added coverage. Then when a user goes to withdraw, Squirrel checks that the user received their expected deposited back. If they do not match, the user will automatically be compensated in the same withdrawal transaction for their insured value in the form of NUTS. There is no human involvement. Decentralized insurance. Automatic payouts.
The docs offer an in depth explanation of the platform, tokenomics, insurance mechanisms, and a roadmap. For any unanswered questions, partnership ideas or if you would like your project to be insured with Squirrel, please don't hesitate to contact the team!
Happy Farming,
The Squirrel Team
Last modified 2yr ago