Less Than 2% of DeFi's $83B TVL Is Insured — and Billions Are Paying the Price!

Despite $83 billion flowing through decentralized finance, less than 2% of that total value locked carries any insurance coverage, according to Nexus Mutual founder Hugh Karp. In April 2026 alone, over $600 million was lost to security events — and since DeFi was coined, uninsured lending protocols…