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HomeFinancial servicesCase study · P-045
Financial services · DeFi platform

Ledger 15 — DeFi insurance protocol.

A DeFi insurance platform that lets users protect crypto assets and protocols against hacks, exploits and failures via pooled liquidity and risk-priced premiums.

Selected clients · 2010 – today
Power to LiveRBM GlobalDragonflySquiblerMOOSainsbury'sMPCX-LinkPower to LiveRBM GlobalDragonflySquiblerMOOSainsbury'sMPCX-LinkPower to LiveRBM GlobalDragonflySquiblerMOOSainsbury'sMPCX-Link
/01
The problem

The challenge.

DeFi protocols carry real smart-contract risk, but insurance coverage was patchy and centralised.

Retail users had no straightforward way to buy cover for their positions.

The client needed a permissionless insurance protocol with sustainable risk pricing.

/02
The plan

Our approach.

Built cross-chain cover contracts on Ethereum, Polygon and Polkadot ecosystems.

Implemented liquidity pools where backers earn yield and share losses transparently.

Added actuarial-style risk pricing informed by audit reports, TVL and protocol age.

Shipped a Next.js UI where users buy cover, backers stake and claims are adjudicated on-chain.

/03
The result

The outcome.

Retail users can buy protocol cover without a traditional insurer.

Backers earn yield matched to the risk they underwrite.

Claims resolve in days based on on-chain evidence.

Engineering stack

What it was built with.

The exact tools in the delivered system. We pick the stack to fit the problem and the team — not the trend cycle.

/01Solidity
/02Hardhat
/03ethers.js
/04Next.js
/05The Graph
Trusted by our clients

What partners
tell us.

Most clients renew for a second engagement. The ones who don't usually hire someone from our team to run the project in-house.

We are a mental health charity and not tech minded. We needed to improve our patient registration system but wanted a company that we can relate to. Hassan took the time to meet with me and patiently went through our process to find a personalised solution for us. Hassan's team did a great job streamlining our process and connected our registration system to our patient management software. Whenever we have a glitch, they resolve this quickly. Cloudini provides a personal and efficient service and we have adopted them to be our IT provider.
Tien Kuei, CEO at Power to Live Foundation
Tien Kuei
CEO · Power to Live Foundation
I am writing to wholeheartedly recommend Cloudini as a premier bespoke software development agency. Our journey with them has been nothing short of exemplary, far exceeding our initial expectations. While many agencies can develop based on strict specifications, Cloudini demonstrated an incredible commitment to our project that was truly unparalleled.
Robert McPherson, Managing Director at RBM Global Ltd
Robert McPherson
Managing Director · RBM Global Ltd
Dragonfly has been working with the team at Cloudini for several years now on building out our web-based platform and APIs. One of their strengths is quickly building out a multi-disciplinary team to work on the development and delivery of features with different technical requirements. Their support has allowed us to accelerate our development work without building an internal team. They have also worked seamlessly with other third parties both during the acquisition of Dragonfly and development of our mobile app. Cloudini has been instrumental in bringing our ideas to life and providing guidance to help us make the best technical decisions. I would recommend getting in touch with them if you're looking for support.
Rebecca Palser, COO at Dragonfly
Rebecca Palser
COO · Dragonfly
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