InsurAce.io is delighted to announce a strategic partnership with Beefy Finance — a Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto holdings.
InsurAce.io has listed Beefy Finance, starting to provide insurance protection for Beefy on BSC, Fantom, Avalanche, Polygon against smart contract bugs and hacks with an initial capacity of $10M.
“Safety is Beefy’s top priority, especially as we continue to innovate in the DeFi space. We have been audited by Certik and have a bug bounty with Immunefi. To add another layer of security for our users, we have partnered with InsurAce to secure their deposits with one of the lowest possible premiums.” Frondoto, Beefy Team
The initial annual premium will be 2.9%. Beefy users will also get a further 10% premium discount using the referral link directly from the Beefy team.
→ Get your staked assets on Beefy protected with InsurAce.io: Buy Cover
For details on the coverage and exclusions for this cover, please read Smart Contract Cover Wording.
“Beefy Finance is leading the way in terms of multi-chain yield optimising in DeFi, something that is attracting a lot of attention from both retail and institutional investors alike. We are proud to be providing an additional level of security to these investors with our Smart Contract Risk Insurance. We look forward to a long and fruitful partnership” Oliver Xie, Founder, InsurAce.io
About Beefy
Beefy Finance is a Decentralized Finance (DeFi) Yield Optimizer project, that allows its users to make more crypto with crypto. DeFi applications are unique in the sense that they are permissionless and trustless, meaning that anyone with a supported wallet can interact with them without the need for a trusted middlemen. Beefy Finance caters its users by making it easy to get a yield on their crypto capital in a safe and decentralized manner. Through a set of smart contracts and several investment strategies, Beefy Finance automatically maximizes the user rewards from various liquidity pools (LPs), automated market making (AMM) projects, and other yield farming opportunities in the DeFi ecosystem. This provides a huge advantage over attempting to do this manually yourself. Beef up those yields!
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About InsurAce.io
InsurAce.io is a decentralized multi-chain 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 flexible underwriting mining programs to create sustainable returns for the participants; and provides coverage for cross-chain DeFi projects to benefit the whole ecosystem.
At the time of writing, InsurAce.io has provided coverage to 80+ protocols, safeguarding over $110M DeFi assets on 10+ public chains.
InsurAce.io is backed by DeFiance Capital, Parafi Capital, Alameda Research, Hashkey group, Huobi DeFiLabs, Hashed, IOSG, Signum Capital, LongHash Ventures and a dozen of other top funds.
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