The IDO for UnoRe, a decentralised insurance network, sold out within minutes of its launch. By lowering the barriers to entry for institutional investors, the platform aims to democratise insurance services. KuCoinLabs, Okex Blockdream Ventures, and X21 Digital are among the venture capital firms that have declared their support for the project. When it comes to protecting broad insurees, the absence of reinsurance, or insurer's protection, has become a major detractor for current DeFi applications.