Steady State was founded on the belief that decentralized finance deserves a better insurance solution. Risk factors such as flash loan exploits, hacks, and stablecoin de-pegging subject the DeFi market to unpredictable, catastrophic losses, and their effects are exacerbated by the low percentage of insured assets (less than 2% of DeFi’s overall TVL). This is a source of discomfort for market participants and discourages adoption by retail and institutional investors. Liquid insurance markets will accelerate DeFi’s growth and promote its adoption by institutional players who require scalable solutions for risk management. Insurance is a hallmark of a mature market, we believe it’s not a question of whether widely adopted coverage comes to DeFi, but when. Steady State is here to provide industry-leading, dedicated insurance for protocols that reimagines risk management from the ground up.