Brevis and USD8 Collaborate on Decentralized Insurance System

Brevis has announced a partnership with stablecoin protocol USD8 to develop a decentralized insurance system designed to protect users against hacks or de-pegging incidents in the DeFi space. According to NS3.AI, this system will reward users with points based on the duration they hold assets. These points are calculated using Brevis's ProverNet, which employs zero-knowledge proofs rather than relying on centralized servers. The initiative aims to satisfy Vitalik Buterin's walk-away test and is planning for a beta launch in the second quarter.