Description
Bright Union is a decentralized finance (DeFi) platform focused on risk management and insurance. It acts as a global risk chain, enabling users to manage risks across various blockchain networks and protocols. The platform offers several key services: it allows users to provide liquidity for DeFi insurance pools and earn stable yields (reportedly 15-25% APY) from diversified positions across over 150 insurance protocols. It also functions as an insurance marketplace where users can buy and manage multi-chain insurance portfolios to protect their crypto assets against risks like protocol hacks, custodian failures, and stablecoin or yield depegging. Additionally, Bright Union provides an integration solution (SDK) for developers to embed insurance products directly into their applications or wallets with just a few lines of code, aiming to make DeFi a safer environment for investors and users.