iTrust.Finance

iTrust.finance creates mutually beneficial relationships between stakers and insurance protocols by maximising rewards and growing cover capacity for all participants of the DAO, and the wider DeFi ecosystem.

From launch, the iTrust platform will build a bridge to optimised staking for $wNXM token holders who cannot receive rewards via the Nexus Mutual platform, and $NXM holders who have been reluctant to stake or have been staking inefficiently.

The resulting increase in staked tokens and engaged stakers will allow the underlying cover protocols to unlock cover capacity.

iTrust Finance (ITG) is the first decentralized insurance yield optimizer. This allows you to automate your DeFi insurance investments and generate low-risk returns without any hassle.

The DeFi space is currently valued at $60.11 billion and is growing rapidly from $819 million (7239%) in the last 12 months. However, the increasing cases of smart contracts being hacked raise concerns about the safety of investments.

Smart contracts, however secure, are vulnerable to hacking. Unfortunately, “validated smart contracts” are starting to be seen as more of a marketing gimmick than a sign of trust, with over 72% of recent large DeFi hack victims being audited, smart contracts seem to justify this claim.

For DeFi to continue its rapid growth, insurance must be provided as part of a suite of financial instruments to mitigate risk. Platforms like Nexus Mutual are changing the DeFi scenario by providing community-owned DeFi protection covers. This means that there is no central organization that squeezes profits from users. Instead, anyone can stake NXM tokens (Nexus Mutual's native token) and be rewarded if protective cover is purchased.

Nexus Mutual offers comprehensive protection - whether it's smart contract errors, governance failure, economic stimulus failure, and oracle attacks, it covers it all.

At the same time, decentralized insurance currently covers only 2% of the total cost of DeFi TVL. Apart from such a limited supply, it is becoming increasingly difficult to maximize profits from smart contract coverage.

iTrust Finance aims to address many of the current issues facing the DeFi space and reduce the level of risk users take on when investing.

iTrust Finance is a Tier 2 solution built for DeFi that makes it easy for anyone to generate income with less risk by taking on financial risk for a fee (underwriting). They developed a set-and-forget yield optimizer for decentralized insurance.

Their platform provides an automated, one-stop solution for DeFi insurance yields, eliminating the need for investors to switch between different DeFi protocols or constantly monitor DeFi price charts. By investing your funds in iTrust Finance vaults, you can easily control your profitability.

At launch, you can bet on the Nexus Mutual Risk Index or the Low Risk Maximum Reward Pool. As the platform scales, you will see new storage options that allow you to invest in more protocols.

The bidding process is simple. You must connect your wallet such as Metamask and add liquidity to the pool of your choice. When you add funds, you will receive equivalent pool tokens. Let's say you stake wNXM tokens, here you will get receipt tokens. To withdraw stakes, you need to lock up the pool tokens for 30 days. After that, the tokens will be burned and your funds will be transferred to your wallet.

The best thing about iTrust Finance is its easy to use interface. Each action is well presented to make it easy for you to place bets and keep track of your funds. Their Transaction and Rate Overview windows give you a detailed view of your portfolio. Deposited and unpaid funds, days, amount, transaction history, whatever, these two tabs clearly display everything. This makes it easy to maintain an active tab in your DeFi portfolio. To avoid clutter, the platform has a separate rewards window, making it easy to track profits.

The ITrust Finance token is represented by the ticker ITG. Staking and mining rewards are distributed in ITG tokens. In its Twitter pre-launch competitions, the platform distributed rewards to $NXM and $wNXM token holders.

To automate your investments and maximize returns, iTrust Finance vaults use Yearn.Finance-style algorithms. iTrust vaults automatically scan the smart contract protocol and evaluate their risk/reward ratio. Based on this analysis, iTrust Finance moves your funds through Defi protocols that provide the best risk/reward ratio. And then iTrust Finance dynamically allocates your funds for low-risk returns.

iTrust Finance has developed a dynamic investment vehicle with a strict risk modeling protocol and algorithmic capital allocation.

iTrust Finance ensures that your funds are distributed at a lower risk level. In this way, iTrust Finance increases the coverage offer and maximizes your profit from financial risk.

iTrust Finance positions itself as the first platform to solve the profitability problem of decentralized insurance smart contracts. Their approach is as unique as the problem. The platform uses YFI-style automatic protocol analysis and capital allocation to provide a hassle-free investment experience.