Bering Waters Ventures presents its investment thesis in Armor.fi, a decentralized brokerage and aggregator for cover underwritten by Nexus Mutual’s blockchain-based insurance.

Users of Decentralized Finance (DeFi) protocols face an unprecedented risk of attack from hackers exploiting the open-source protocols used to exchange value. These attacks have become more prevalent over the past year as the number of funds locked in DeFi has increased. Insurance against these attacks has become a critical piece of the DeFi infrastructure and insurers have often found themselves in a situation where they do not have sufficient liquidity¹ to underwrite the growing demand in policies.

Bering Waters Group

Bering Waters Group specializes in blockchain projects with untapped potential. It comprises of three industry leading businesses-OTC Desk, Ventures, and Tech.

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