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Faradai Finance

We provide reliable, robust, and secure protection services to DeFi users, allowing them to secure investment assets against various risks.

Let's make TON safer, together

The First TON Insurance Protocol

We provide reliable, robust, and secure protection services to DeFi users, allowing them to secure investment assets against various risks. Smart Contract Vulnerability. Custodian Risk. Stablecoin Depeg Risk

Features

Introducing the best TON DeFi insurance protocol

  • Easier Access. Deployed across multiple TVM chains with no KYC required, providing maximum flexibility for user access.

  • Broader Coverage. A full-spectrum cross-chain product line, providing coverage to 20 chains and expanding to more constantly with more products to be offered upcoming.

  • Lower Cost. Portfolio-based bundled covers with unique pricing strategies. Save up to 60% on cover payments and 50% on gas fees. Insure all assets in one stop!

  • Fair & Transparent Governance. All activities and transactions are on-chain with data published and visualized within the application. The claim process is uniquely designed to align the interests of stakeholders, ensuring a fair and transparent claim process to protect the policy holders.

Coverage

Deepen your expertise of DeFi risk mitigation and the DeFi cover industry.

  • Protocol Coverage. Protection against losses resulting from the use of a DeFi protocol, such as smart contract exploits and/or hacks, economic design failure, attacks leveraging oracle data manipulation and governance attacks (malicious players gaining enough voting power to reshape protocol rules, leading to a loss of funds).

  • Custody Coverage. Protection against losses resulting from the use of a centralized or custodial (CeFi) cryptocurrency product (e.g. wallet, cryptobot). This protection against custodian exploits and/or hacks, fund mismanagement, and account lock-ups (inability to access funds without prior notification from the custodian).

  • Stablecoin Depeg Coverage. Protection against losses resulting from a stablecoin (e.g. aquaUSD) losing its peg to its target fiat currency (e.g. USD), resulting in the user’s inability to redeem a stablecoin for the intended amount of its pegged currency. This protection against pre-specified drops in price.

  • Yield Token Cover. Protection against losses resulting from the face value of a yield-bearing token (e.g. hTON) significantly diverging from its market value in a reference currency (e.g. TON). This broader protection than protocol cover, by safeguarding against failures in a potential chain of protocols composed to generate yield.