Squirrel Finance

Squirrel Finance, Ecosystem to empower simple & secure DeFi.

Squirrel Finance platform launched on Ethereum in 2020 with the rise of DeFi farming. The problem introduced was some of these experimental farming projects can leave unsavvy farmers exposed if something were to go wrong. Because of the crazy APR % some of these can offer in the first few days, many users completely neglect to account for the possible risks introduced (Yolo-farming). Insure was designed to mitigate this by providing farm insurance cover, e.g. compensation should something go wrong whilst farming.

However the tokenomics of NUTS on eth was not fitting with the current landscape, besides the coverage it offered little incentives to use Insure -so getting adoption was hard. This is why a new tokenomics model was concepted.