According to Decrypt, on July 2, the insurance platform Athena Ins is revolutionizing the decentralized insurance field through its advanced protocol, providing users with insurance services for DeFi risks. The platform allows users to purchase insurance for their DeFi investments, protecting them from risks such as hacker attacks, smart contract vulnerabilities, and stablecoin instability. Unlike traditional insurance companies, Athena Ins operates through smart contracts, without the need for centralized intermediaries, ensuring transparency and decentralization.

Athena Ins has established a strategic partnership with Angle, a DeFi protocol backed by A16Z, to enhance investor security. The platform's core token ATEN gives holders decision-making power and plays a key role in insurance contract creation and claims management. Athena Ins has been deployed on the Arbitrum blockchain and plans to expand to other major blockchains.