📣 Major Announcement 📣
𝗘𝘃𝗲𝗿 had your wallet 𝗱𝗿𝗮𝗶𝗻𝗲𝗱? Redemption could be near... Today, we're launching 𝘳𝘦𝘵𝘳𝘰𝘢𝘤𝘵𝘪𝘷𝘦 investigations into past drains.
Rewards?
🔹 $10K in free coverage, and possibly...
🔹 $2,500 USDC
You read that right. 🧵
@MichaelKdcl It’s a funny thing because the more people that get drained the smaller the pool becomes of people to influence. It could be a win-win-win for KOLs, consumers, and consumer protection but it ends up being a lose-lose-lose. Crypto is dumb stupid like that.
Introducing $FAIR: First-of-its-kind Consumer Protection Token coming soon to @Abstract_Eco!
Get covered against wallet drains — and earn real rewards in ETH while making Web3 safer for retail 🤝
Don't get REKT without coverage 👇
What was lost is now found.
Checkout the interview our co-founder @Fairside_Hogue recorded almost a year ago with @MichaelKdcl and ex-FBI Chris Tarbell, you might have seen him before on Lex Fridman discussing the Silk Road seizure.
You asked.
Specifically, It hasn’t worked because DeFi insurance protocols strayed from the fundamental principle of diversification, creating a high correlation of risk. This undermined their capital efficiency—arguably the most effective tool of the traditional insurance industry.
Additionally, these protocols serve catastrophic risk products, making them extremely capital intensive. Without efficiency, they lack the product capacity to generate yields attractive enough to match the risk taken by stakeholders.
If you can’t pull at least a 100x efficiency and improving as a DeFi Insurer, you need to pack it up. You will have no capacity to serve an ever growing consumer base.
I could go on.
@FairsideNetwork has cracked the code by replicating traditional insurance economic model on-chain, focusing on a critical need: Wallet Theft coverage
@guywuolletjr It is coming. Fairside is soon to cover wallet drains, scams, and theft through: social engineering & phishing, malicious transactions, address poisoning, and malware attacks.
Our coverage costs 1.95% and ranges from 1 — 100ETH.
How? Our model is efficient enough. Let's talk.
i am in possession of an unreleased 1 hour video
including FBI special agent Chris Tarbell involved in the Silk Road seizure of 69000 BTC ($6.9 billion)
as well as the co-founder of Fairside Network
should i upload it? 🕵️
In case you missed it, we opened up the Fairside Discord server last week.
Come ask all your questions about our pre-sale for wallet drainer coverage and $FAIR, or muse about Doggy Daddy!