Top DeFi Insurance protocols The decentralized finance (DeFi) industry has truly taken off in the last year and a half, as seen by the fact that the total value locked (TVL) inside this area has increased from a respectable $680 million to an astounding $54 billion since the beginning of 2020. It’s worth noting, though, that while this still-developing business has enormous profit potential, it’s also fraught with dangers. For example, a total of $120 million was allegedly stolen last year as a consequence of different DeFi-based rug pulls, exit scams, and other schemes. Not only that, but only a…