Opium and UMA have created insurance in case SpaceX launch fai | Top DeFi

Opium and UMA have created insurance in case SpaceX launch fails

Opium and UMA are joining forces and tools to show how offline data can be moved to Ethereum to develop the DeFi ecosystem. UMA's Optimistic Oracle provides seamless, cheap and fast delivery of real data to Blockchain.

Combined with Opium's decentralized insurance contract (CDS), it shows the potential to create a theoretically unlimited number of new products.

Stakeholders with a financial interest in the success (or failure) of SpaceX's flight can hedge their financial risks or simply speculate.

There are two sides to Opium insurance for SpaceX:

Contributing an asset to a liquidity pool that covers SpaceX's flight protection
Buying the insurance