Opium’s decentralized insurance contracts will work in accordance with UMA’s oracle solution that will offer derivative financial products for hedging the risks associated with SpaceX flights.
Since the announcement, there has been a mixed price reaction. While some like Filecoin, Bancor, and Yearn Finance have gained by as much as 10%. Others like Cardano have barely moved, recording a marginal move of less than 1%.
The DeFi market has plunged over the last month of October as some of the top performers of summer 2020 have seen valuations crashing. Analysts think that the majority of the money from the DeFi market profit-booking has gone to Bitcoin.
New-York-based cryptocurrency exchange Gemini has finally decided to include support for DeFi tokens looking at the latest frenzy around DeFi coins in the market.
