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Carapace
Carapace is a DeFi protocol building decentralized protection against credit default risk (similar to credit default swaps) for under-collateralized crypto lending pools. It connects protection buyers (lenders on protocols like Goldfinch) who pay premiums to hedge default risk with protection sellers who deposit capital to earn yield in exchange for taking on that risk.
Distributed
Funding Rounds
Funding Round: Pre-Seed
Funding Date: 18 Oct, 2022
Raised Amount: $2.5M