InsurAce.io announces strategic partnership with Alpaca Finance

InsurAce.io is proud to announce the latest DeFi partnership with Alpaca Finance, the fair-launch leveraged yield farming protocol on Binance Smart Chain.

Alpaca Finance is the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. It helps lenders earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principles and resulting profits.‌

They have shown themselves to be dedicated to security, receiving high quality audits from Slow Mist, Peck Shield, Certik and Inspex, and now look to further bolster that security by partnering with InsurAce.io

We have listed Alpaca Finance on our dApp with an annual premium of 2.5% and an initial capacity of $3m USD.

As an enabler for the entire DeFi ecosystem, Alpaca amplifies the liquidity layer of integrated exchanges, improving their capital efficiency by connecting LP borrowers and lenders. It’s through this empowering function that Alpaca has become a fundamental building block within DeFi, helping bring the power of finance to each and every person’s fingertips, and every alpaca’s paw.

Alpaca Finance is the leading leveraged yield farm on BSC, where you can leverage results from using borrowed capital to expand your asset base and the potential returns on that asset base. In other words, you borrow funds so you can invest more, and as a result — earn more.

In the context of yield farming, leverage involves borrowing assets to multiply your yield farming position, resulting in you accruing larger yields. This is a general profit maximization strategy. More on leveraged yield farming: https://thedefiant.io/leveraged-yield-farming/

InsurAce.io is proud to be working with Alpaca Finance to offer users protection against smart contract hacks and vulnerabilities, eliminating exploit risks, allowing users to safely earn high yields from this fantastic BSC project. Oliver Xie, Founder, InsurAce.io

In further support of this partnership, the Alpaca Finance team have made it as easy as possible for users to get their insurance cover. They have done this by adding a simple button to their site to direct users to the InsurAce.io dApp

This partnership with Alpaca is just one more step on the path that InsurAce.io is taking to make DeFi and crypto safer for everyone.

About Alpaca Finance

Furthermore, alpacas are a virtuous breed. That’s why, they are a fair-launch project with no pre-sale, no investor, and no pre-mine. So from the beginning, this has always been a product built by the people, for the people. Or as they like to say: by the alpacas, for the alpacas.

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, followed by a mainnet launch to the Ethereum Network in April 2021.

InsurAce.io is a decentralized insurance protocol, covering 60+ protocols on 8+ chains, built 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, up to 60% lower than other protocols, simultaneously reducing gas fees by up to 50%.

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.

$INSUR

There is a circulating supply of 11 million INSUR tokens with a maximum release of 100 million INSUR Tokens which can be mined through staking on the protocol.

Tokens can be used for staking themselves, and for governance of claims submitted through the dApp. Read more about the tokenomics here.

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#INSURforLess