Following our deployment on Avalanche last week, we are proud to announce the first in a series of upcoming partnerships in the Avalanche ecosystem, Pangolin.
As InsurAce.io continues to build and deploy its multi-chain DeFi insurance services, we are adding Pangolin to a growing list of some fantastic partners, to allow users to protect their assets against smart contract hacks and bugs.
Pangolin is a decentralized exchange that runs on Avalanche, uses the same automated market-making model as Uniswap’s. Pangolin offers three critically important benefits: fast and cheap trades, community-driven development, and a fair and open token distribution.
Pangolin is a community-driven decentralized exchange for Avalanche and Ethereum assets with fast settlement, low transaction fees, and a democratic distribution–powered by Avalanche. Pangolin brings you the best trading opportunities to find and maximize your yield.
Avalanche supports the Ethereum Virtual Machine , which enables traders with Ethereum assets to instantly and cheaply swap tokens. Learn more about Pangolin here.
To use Pangolin, users will need AVAX to cover the gas fees to execute transactions.
Pangolin users can now benefit from insurance services from InsurAce.io from as little as 0.26% per month.
As part of this partnership, Pangolin has listed the Avalanche $INSUR token on the exchange for users to trade on the DEX.
“Following our deployment on Avalanche last week, InsurAce.io will be looking to work with some of the strongest and best builders in the ecosystem, which is why we are delighted to partner with Pangolin. Together we can help to protect Avalanche users and secure their assets. This is our first L2 partnership on Avalanche, and it sets a very high standard for other partnerships to follow” Oliver Xie, Founder, InsurAce.io
About Pangolin
Pangolin is a community-driven decentralized exchange for Avalanche and Ethereum assets with fast settlement, low transaction fees, and a democratic distribution–powered by Avalanche. Pangolin brings you the best trading opportunities to find and maximize your yield.
PNG
PNG is the Pangolin governance token. PNG holders can use their tokens to provide liquidity in Pangolin’s pools and vote on proposals.
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.
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