Origin Dollar compensation plan marks progressing maturation of DeFi space

Origin Dollar compensation plan marks progressing maturation of DeFi house

On Friday, decentralized finance (DeFi) stablecoin mission Origin Finance introduced a plan to compensate customers affected by a $7 million November exploit — a part of a wider pattern from builders, customers, and merchants that has seen actors throughout the DeFi house extra extensively embrace insurance coverage merchandise and different exploit backstops.

On November seventeenth, Origin Dollar introduced that its yield-bearing stablecoin mission had been the sufferer of a $7 million flash mortgage assault. While the assault is simply one other occasion of what has been a brutal summer time and fall for DeFi protocols dealing with hacks and exploits, the Origin Dollar staff’s response stands out for its try to totally compensate customers.