Insurance fund
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FDIC Asks Signature Bank Customers to Withdraw Cryptocurrency Funds
According to reports, the Federal Deposit Insurance Corporation (FDIC) of the United States has requested cryptocurrency customers of Signature Bank to withdraw funds before next w
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Ribbon DAO to support Aevo’s Launch of Insurance Fund with a $1M loan
On March 17th, the Ribbon DAO proposed to lend $1 million to its option trading platform, Aevo, to help the latter launch an insurance fund. The proposal proposes that the Ribbon DAO loan $1 million to Aevo in the form of a USDC, with interest charged at an annual interest rate of 10%, and be paid after 12 months. Insurance funds will enhance the confidence of large traders in trading on the option trading platform Aevo. Ribbon DAO proposes to lend $1 million to Aevo, an option trading platform, to help launch its insurance fund Analysis based on this information:The Ribbon DAO has recently proposed a loan of $1 million to Aevo, an option trading platform, to help launch an insurance fund that aims to enhance the confidence of traders. The fund will enable large traders to participate in the platform with more peace of mind, knowing that they are protected from potential losses. The loan will be provided in…
