Refraction Labs careers

Glass Finance, a decentralized insurance protocol powered by smart contracts on the Terra network, to facilitate levered coverage of mAssets against technical and economic failures, such as smart contract failures or depegs of mAssets from their real-world values. The removal of such risks from synthetic assets will allow for large-scale adoption and increased capital investment in these financial instruments. The increment of safety, investment, and the number of yield strategies available for mAssets will create competitive advantages for investing in mAssets over real-world assets or other on-chain synthetic assets. There will be various coverage vaults for each respective mAsset, with governance deciding on the target leverage ratio for each vault (Amount Insured/Insurance deposited) depending on the risk of failure for each type of mAsset.