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Risk Harbor set to take over decentralized insurance protocol Ozone on Terra network
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Ethereum-based (ETH) decentralized finance, or DeFi, risk management marketplace Risk Harbor will soon take over control of Terra's Ozone Protocol, according to a press release published on Thursday.
Ozone is a decentralized insurance mechanism that provides coverage in the event of technical failures on the Terra DeFi ecosystem. The latter is a dual-token platform that features its governance token LUNA and stablecoin Terra USD (UST), which has an exchange rate of 1:1 with the U.S. dollar. UST
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