We are very excited to tell you about the latest update to our InsurAce.io app: Aggregated Covers.
These aggregated covers allow users to buy coverage for a protocol on multiple chains instead of having to insure assets on each chain deployment separately.
Before aggregation:
Users needed to buy separate covers for their assets staked on different chains.
After aggregation:
Users just need to buy one cover to get the full protection of their assets staked on different chains. This will offer users greater user experience and flexibility. With this, there is no need for users to buy a new cover when moving assets from one chain to another.
Note: for existing policy holders, the coverage for your covers will be automatically expanded to the updated list of chains supported. No action is required on your part.
Some of the protocols that will benefit the most from this include Curve, Autofarm, Beefy Finance, ApeSwap, Abracadabra.
You can read about our recent partnership with Beefy here.
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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