Steady State
Steady State is a private DeFi insurance company founded in 2021 building trustless, automated coverage products for decentralized protocols and their end users.
- Company typePrivate
- Founded2021
- Headquarters—
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Steady State does
Steady State is a private, for-profit company founded in 2021 that builds trustless, automated insurance products for decentralized finance (DeFi) protocols and their end users. The company operates in the DeFi insurance sub-sector of the crypto/blockchain industry, positioning its offering as covering protocols and protecting users from on-chain risks such as smart contract exploits and protocol failures. The "trustless" and "automated" framing indicates reliance on smart-contract-based architecture and decentralized execution rather than traditional insurance intermediaries.
The company is small, with reported headcount in the 11-50 range, and remains privately held. The available data does not disclose a funding history, revenue figures, customer base, product roadmap details, pricing mechanics, geographic footprint, management team, technology stack, regulatory standing, M&A activity, or any strategic transactions. Its website (steadystate.finance) is the primary public-facing identifier, and no app products, integrations, AI capabilities, certifications, or partner relationships are documented in the supplied input.
Given the absence of revenue model, pricing structure, customer segmentation, and partnership information in the input, the company's monetization mechanics, go-to-market approach, and unit economics cannot be characterized. Steady State's commercial posture remains minimally evidenced by the data provided, and any deeper inference on traction, growth rate, or competitive position would exceed what the input supports.
Steady State firmographics
Firmographics- Name
- Steady State
- Website
- https://www.steadystate.finance
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Steady State is a private DeFi insurance company founded in 2021 building trustless, automated coverage products for decentralized protocols and their end users.
- Ownership category
- akta.pro rank
Steady State industry classification
Industry- Product category
- DeFi Insurance
- NAICS
- Insurance Carriers (5241), Finance and Insurance (52)
- SIC
- Insurance Agents, Brokers & Service (6411), Finance Services (6199)
- akta.pro primary industry
- Decentralized Insurance / Coverage Protocols (FSADAMAI)
- akta.pro secondary industry
- DeFi Insurance & Protection Markets (covers, mutuals, slashing/peg protection) (FSAPAEAK)
Keywords
Steady State business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Steady State product offering
Product offeringCore offering
Steady State builds trustless, automated decentralized finance (DeFi) insurance products that cover blockchain protocols and protect their end users from on-chain risks such as smart contract failures or protocol exploits. The offering is delivered as an on-chain, software-based insurance layer targeting DeFi protocols and the users transacting with them.
Differentiator
Problem solved
Functional benefit
Products and services
- Steady State DeFi Insurance Protocol
Companies that use Steady State
Customer profileIdeal customer profiles1 record
Steady State technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Steady State partnerships and signals
Strategic signalExpansion highlights1 record
Steady State competitors and assessment
Company assessmentBroad incumbents
- Coincover: Coincover provides digital-asset protection and theft insurance for crypto companies and users, including wallet and custody coverage. It is a broader incumbent serving adjacent risk-transfer needs for the digital-asset ecosystem.
- Lemonade Insurance: Lemonade is a broad, AI-driven incumbent insurer that has explored crypto and digital-asset insurance products including some DeFi-related coverage concepts. It is a broad-incumbent comparable for the insurance-carrier business model applied to digital assets.
Direct peers
- Nexus Mutual: Nexus Mutual is the largest decentralized insurance protocol offering smart-contract cover and protocol coverage. It is the closest direct peer to Steady State, serving the same DeFi user base with on-chain risk transfer for protocol failures.
- InsurAce Protocol: InsurAce provides decentralized insurance covering smart-contract exploits, stablecoin de-pegs, and exchange defaults. It competes head-to-head with Steady State in the protocol-coverage niche across multiple chains.
- Riskhaus: Riskhaus is a decentralized coverage market built on top of Nexus Mutual's infrastructure, enabling third-party risk underwriters to launch their own cover products. It represents a comparable model of automated, protocol-based insurance.
- Bridge Mutual: Bridge Mutual is a decentralized, discretionary coverage platform allowing users to buy cover against smart-contract risk and exchange hacks. It is a directly comparable on-chain insurance product targeting the same protocol users.
- Unslashed Finance: Unslashed Finance is a decentralized insurance protocol covering centralized exchange custody, smart-contract hacks, and stablecoin de-pegs. It operates in the same automated, on-chain insurance category as Steady State.
Emerging players
- Armor Protocol: Armor Protocol wraps coverage products from Nexus Mutual into tradable ERC-20 tokens (arNFTs), offering a more liquid and composable version of protocol cover. It is an adjacent emerging player leveraging on-chain insurance primitives.
- Solace Insurance: Solace is an on-chain insurance protocol offering coverage across multiple chains with automated underwriting. It is a comparable emerging decentralized insurance platform pursuing a similar market.
- EigenLayer / Eigenlayer Restaking Ecosystem: EigenLayer and its restaking-based security ecosystem introduce new forms of crypto-economic risk coverage and slashing protection. While not a direct insurance protocol, it is an emerging player shaping demand for protocol-level risk transfer that Steady State could serve.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights4 records
Customer concentration
Steady State social profiles
Digital presenceSteady State financial estimates
Financial estimateRevenue estimate
Valuation estimate
Steady State leadership team
Management profileNumber of profiles
Steady State funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Steady State M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Steady State
What does Steady State do?
Steady State builds trustless, automated decentralized finance (DeFi) insurance products that cover blockchain protocols and protect their end users from on-chain risks such as smart contract failures or protocol exploits. The offering is delivered as an on-chain, software-based insurance layer targeting DeFi protocols and the users transacting with them.
Is Steady State a public or private company?
Steady State is a private company. It is classified as unknown and is currently operating.
When was Steady State founded?
Steady State was founded in 2021. It employs 11 to 50 people.
Who are Steady State's main competitors?
Broad incumbents on record are Coincover and Lemonade Insurance. Direct peers are Nexus Mutual, InsurAce Protocol, Riskhaus, Bridge Mutual and Unslashed Finance. Emerging players are Armor Protocol, Solace Insurance and EigenLayer / Eigenlayer Restaking Ecosystem.
Does Steady State have an API?
No public API is recorded for Steady State.
What industry is Steady State in?
Steady State's product category is DeFi Insurance. Its primary akta.pro industry code is FSADAMAI, Decentralized Insurance / Coverage Protocols, with a secondary code of FSAPAEAK, DeFi Insurance & Protection Markets (covers, mutuals, slashing/peg protection). Its NAICS code is 5241 and its SIC code is 6411.