DeFi insurance protocol InsurAce states it was well within its rights to reduce the claims period for people influenced by the TerraUSD (UST) depegging event from 15 days to seven. But added it has already processed nearly all 173 submitted claims and will pay out $11 million. InsurAce (INSUR) is the third-largest insurance provider for decentralized finance (DeFi) protocols, with a market cap of $15 million. On May 13, InsurAce rendered a stir when it informed us it had shortened the claims window for those with cover connected to Anchor (ANC), Mirror (MIR), and stablecoin UST ensuring the collapse of the Terra layer-1 blockchain. Decentralized exchange (DEX) Uniswap has topped $1 trillion in total trading volume since launching on Ethereum in late 2018. That arrives from a rather small user base, however, implying that there is a lot of potential growth to come. According to data from Uniswap Labs, which are major patrons to the development of the protocol and ecosystem, the Decentralized Exchange's number of cumulative addresses hit around 3.9 million this month after just over three years.
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