X Spaces Recap: SYS Entrance into Uno Re DAO and Introduction of New Core Contributors

Intro:

On Friday, the 10th, we were thrilled to host an X Spaces event designed to shed light on SYSLabs’s recent entrance into Uno Re DAO as a core contributor. The event also warmly welcomed our new core contributors who have recently joined the consortium. This crucial get-together aimed not only to introduce these new faces to the Uno community but also to delve into the future implications of SYS’s deeper integration within the Uno Re DAO and the anticipated path forward.

Reflections on Uno Re Protocol’s Achievements

Uno Re protocol has undeniably carved out a strong presence in the DeFi insurance space. Reflecting on the rich tapestry of our achievements kickstarted the event and highlighted how SYS’s contribution to the Uno Re DAO as the new core contributor is essential. The milestones covered include:

• Gross sales of policies have impressively surpassed the $15M threshold.
• Total Value Locked (TVL), reaching to $3M.
• Over half a million dollars were disbursed in claims payments.

SYS’s foray into our DAO was underscored as a momentous occasion that marks the onset of expansive opportunities and catalyzes further progress within the Uno Re ecosystem.

Meet and Greet: New Core Contributors

The event was an excellent opportunity to shine the spotlight on the talented new core contributors who have recently joined Uno Re DAO as the new core contributors:

• Paul holds a formidable resume boasting extensive experience within the cybersecurity space. His involvement in web3 security since 2015, coupled with his dual roles within SYS, elucidate his effectiveness in addressing a myriad of cybersecurity issues — including penetration testing, smart contract security, and comprehensive audits. Paul marked his excitement regarding the DeFi Insurance space’s innovative potential and asserted his focus on web3 security enhancement.
• Claudio narrated his dynamic transition from the world of traditional finance into web3, amassing considerable experience with a diverse range of dApps and protocols. His stint at the Luxy NFT Marketplace and Pegasys AMM protocol add to his asset pile, enabling significant contributions to Uno Re DAO.
• Finally, Bruno unveiled his journey in the tech space, including his entry into the SYS team in 2022 as a technical project manager. His roles within SYSLabs varied from marketing to technical management, enriching his expertise and perspective. Bruno shared his intention to engage in Uno DAO’s operations and the business development sphere.

Digging Deeper: Jagdeep’s Insights

Jagdeep, the CEO of SYSLabs & President of the SYS Foundation, dived headlong into a host of crucial topics bearing particular relevance to Uno Re DAO’s future:

• Securing Blockchain Ecosystems: He stressed the critical need to secure blockchain ecosystems by embracing the power of insurance.
• Bridging the Great Divide: He discussed how insurance plays a crucial role in providing web2 users with a safe route to participate in web3 sans the traditionally associated caveats.
• Role of Insurance: Jagdeep broached the topic of Uno Re potentially acting as an insurer for L2 security to elevate the existing standards, making them worthy competitors to global payment powerhouses such as MasterCard and Visa.

Infusing Synergies and Charting the Roadmap

Ensuing discussions broached several key themes:

• A New Path: The collaboration between SYSLabs and Uno Re aims to capitalize on the innate synergies between Uno & SYS. The ultimate objective is to pool together resources, capital, and talent to accelerate our drive toward shared, fruitful outcomes.
• L2s — Opportunities and Pitfalls: Uno Re’s integration with L2s such as Blast can minimize validator slashing risks, a hurdle that brings significant risks to establishing a resilient DeFi infrastructure.
• Power of SYS’s Presence: L1’s integration into the DAO could spur an influx of new protocol integrations with Uno’s unique insurance solutions. This, in turn, would amplify our client base and set the tone for a thriving ecosystem where mutual growth is critical.

Mapping Out Uno’s Ambitious Roadmap: Answering Community Questions

The dialogue shifted to address Uno’s promising roadmap, covering a variety of aspects:

• Synchronized LP and Capital Efficiency: Claudio highlighted that the forthcoming v3 protocol would seek to dramatically optimize capital efficiency by synchronizing LP across different chains.
• The power of Collaboration in Security Expansion: Paul underlined the potential benefits of establishing strategic partnerships with audit providers, effectively paving the way for Uno’s expanded reach in the web3 security market.
• Preparation for the V2 Relaunch: It was revealed that with a large chunk of audits already completed and only minor updates and patches remaining, the focus is now on finalizing the front-end updates before the highly anticipated relaunch.

Core Contributors’ Vision and Outlook

When probed about what they were most excited about upon joining Uno Re, the new core contributors emphasized:

• The role of insurance as a bridge connecting the web3 and web2 worlds.
• The need to mitigate risks associated with fraud is often experienced in the crypto space.
• Their shared vision is to set a transparency yardstick for DAO operations to emulate across the industry.

Conclusion

The X Spaces event provided a platform for introducing the new core contributors, exchanging ideas, and sharing the plans for the Uno Re DAO. If you missed the live discussion, make sure to access the recording of the Space to gain a comprehensive understanding of the conversations.

About Uno Re

Uno Re is building a fully secure decentralized insurance ecosystem to serve institutional and individual Web3 participants. The protocol’s insurance platform has sold over $15 million in coverage across various crypto protocols, with risk underwritten for over eighty-five different protocols and six stablecoins on our B2C Insurance Sales dApp — The C