InsurAce.io and Pendle create a partnership to protect users from DeFi smart contract risks.

We are very proud to announce a new partnership with a highly innovative new protocol, Pendle.

Pendle is the first protocol that enables the trading of tokenized future yield on an AMM system. They give holders of yield-generating assets the opportunity to generate additional yield and to lock in future yield upfront, while offering traders direct exposure to future yield streams, without the need for underlying collateral.

Pendle is built on the Ethereum Network and currently supports Aave, Compound and Sushi LPs, with more platforms to be integrated in the future.

Users can earn up to almost 900% APR (at the time of writing) via the Pendle LP within the Pendle dApp.

Pendle has now been listed on the InsurAce.io dApp with a 7.75% annual premium cost and a starting capacity of $4m USD.

“Pendle has some of the highest returns in DeFi right now. It is a fantastic project and we’re very pleased to be working with them to offer their users protection against smart contract hacks and bugs. Users can buy insurance to cover their high-yield assets for a relatively low premium and enjoy the peace of mind that their assets are safe” Oliver Xie, Founder InsurAce.io

InsurAce.io is one of the fastest-growing and most innovative insurance protocols available on the market. With over 56 protocols listed on the app in the past 4 months, and an ever-increasing range of products and services.

“At Pendle, we enable users to be creative with their approach towards protection and risk management. By collaborating with InsurAce.io, our users can now insure their participation in the protocol, giving that added confidence boost to their decision making process. It’s been a pleasure working with the InsurAce.io team on this front.” Pendle Team

This partnership will help drive new confidence in the Pendle protocol, as well as supporting the continued growth of the InsurAce.io protocol.

About Pendle

We are seeing finance being rebuilt on open rails, with DeFi having the potential to become an independent financial system. In a healthy and mature capital market, yields can be traded, be it in bond coupons, interest rate swaps or other financial instruments. Pendle aims to assist in achieving this next milestone in DeFi.

What is Pendle?

Pendle is the first protocol that enables the trading of tokenized future yield on an AMM system. We aim to give holders of yield-generating assets the opportunity to generate additional yield and to lock in future yield upfront, while offering traders direct exposure to future yield streams, without the need for underlying collateral.

Pendle exists on top of first-degree protocols. We currently support Aave and Compound, with more platforms to be integrated in the future.

There are three components that make up Pendle’s system:

Yield tokenization
Pendle’s Automated Market Maker (AMM)
Governance (Coming soon)

How does Pendle work?

Holders of yield-generating assets can deposit these tokens into Pendle. By doing so the user mints an Ownership Token (OT), representing the underlying principle, and a Yield Token (YT), representing the right to receive the yield.

Users can then utilize their YT in two different ways.

Firstly, they can deposit their YT into Pendle’s AMMs to provide liquidity to Pendle. In return, fees and other incentives are given to these liquidity providers (LP).

Secondly, they can sell their YT for cash upfront, allowing them to fix the interest rates and lock in their returns immediately.

Traders will be able to buy these YTs directly, without the need to lock up their underlying assets. This is a more capital-efficient way for them to gain exposure to future yield.

Users can also provide liquidity with their OT in Sushiswap, or sell OT to retain exposure to yield via YT.

Join Pendle community

About InsurAce.io

InsurAce.io Protocol is a DeFi Insurance protocol that has quickly become the second-largest protocol in DeFi insurance. The INSUR token was released in February 2021 and has a circulating supply of 11 million INSUR tokens. There is a maximum release of 100 million INSUR Tokens which can be mined through staking on the protocol.

InsurAce.io is a decentralized insurance protocol, to empower the risk protection infrastructure for the DeFi community. InsurAce.io offers portfolio-based insurance products with optimized pricing models to substantially lower the cost; launches insurance investment functions with SCR mining programs to create sustainable returns for the participants, and provide coverage for cross-chain DeFi projects to benefit the whole ecosystem.

InsurAce.io is backed by DeFiance Capital, Parafi Capital, Alameda Research, Hashkey group, Huobi DeFiLabs, Hashed, IOSG, Signum Capital and a dozen of other top funds.

The project lead for InsurAce is Oliver Xie. Oliver started to work on InsurAce project since September 2020, and prior to that he entered the crypto space back in 2017 where he led a team to research crypto derivatives and blockchain technology and has gravitated towards blockchain-based Open Finance for the past few years.

For press enquiries and assets please contact: dan@insurace.io