SOLACE (SOLACE) Coin Review : Complete Guide Review About SOLACE

What is SOLACE (SOLACE) ?

SOLACE (SOLACE) is a revolutionary technology that has a great chance to change the world. The digital asset space is a fast paced environment and there is uncertainty associated with using these new applications. Like most revolutions, it can be messy and risky to navigate.

SOLACE (SOLACE) is building a community around making this space safe, secure and trusted so that can onboard and de-risk DeFi and other crypto applications while opening the space to millions of users. The recently launched a coverage policy protocol that enables protection for liquidity providers, Defi protocols or DAOs to mitigate loss from hacks, bugs and exploits. purpose is to transform DeFi by delivering intelligent and empowering tools for a safe, secure and trusted industry.

SOLACE (SOLACE) Storage Key Points

How to Interact with Solace:

SOLACE (SOLACE) Despite the powerful impact, getting coverage with the Solace protocol is an easy and simple experience.

Buy Coverage: Invest in DeFi, get coverage, and sleep well while your money is working for you.

Bond Assets: Buy $SOLACE through bonding at a discount, while Solace users receive assets for the underwriting activity they participate in.

Stake $SOLACE: Buy $SOLACE through bonding or on the open market and stake it to earn yield from protocol revenue and to unlock governance rights.

Become a Risk Manager: Develop risk assessment models and earn a fee as people buy coverage.

Protocols & DAOs

Buy or provide coverage for liquidity pool(s) or your treasury: Protect your users’ funds from any technical shortfall event.

Integrate Solace natively into your protocol or front-end interface: Give the users an option to get covered by Solace while interacting with your platform.

Why Solace?

SOLACE (SOLACE) Currently, there are no coverage options that implement a structure that is efficient, secure and intelligent offering for millions of retail users and institutional players. DeFi remains a risky space, which hinders the growth and prevents crypto applications in becoming a real alternative for TradFi. Solace is focused on providing this advantageous model.

SOLACE (SOLACE) Coverage protection should also be fast and efficient. Solace does not require KYC and uses a single efficient capital pool. All of peers employ people to determine risk and loss, which takes time and is prone to human error. The use quantitative and qualitative modeling that results in intelligent risk assessment, which is faster and more efficient.

SOLACE (SOLACE) Users can query for loss at any time and for no fee, differentiating from providers that charge a fee and have a turnaround time for human review, which may take up to 35 days. All of these factors combined reduce overhead cost, allowing for lower rates and higher returns than peers. An added bonus is that we’re 40% more gas efficient in policy creation which means that 40% more ETH stays in Solace user’s wallets.

To Achieve this Solace focuses on 3 Major Points:

Auto Claims Processing

SOLACE (SOLACE) enables filing a claim and getting paid in a single transaction, as aim is to make this a hassle-free process. They created this experience by focusing on how as users the would want to secure investment, and in the event of a loss how to recover that loss.

Intelligent Risk Assessment

SOLACE (SOLACE) manages risk and liability exposure in the most accurate and sophisticated way possible. risk management does not rely on human voting or market bias, but quantitative (statistics, probability, etc.) and qualitative (e.g., audits) measures.

High Capital Efficiency

SOLACE (SOLACE) The aim to provide coverage in the most secure and cost effective manner possible. Solace uses Protocol’s owned capital to pool the risk across all of its products, which ultimately translates to affordable premiums for the user.