We can use CDS to bet against an asset,
it can help an hedge for dex a cex, retail, institutional, aave chainlink, snx vc’s for have large exposures to unbacked assets solvency. (meaning more legit projects).
It also functions as insurance for “long-tail risks” of rare events common to decentralized finance.
Yfi and yearn products, stakers, and active governance holders can be integrated as "shareholders with rebate or benefits on the formula.