InsurAce.io and Francium have today confirmed their official partnership which will focus on asset protection and strengthen InsurAce.io’s coverage on the Solana network.
Francium is a decentralized yield strategy aggregator built on Solana that offers automated strategies for users including Leveraged/Hedged farming, DeFi combination strategies and smart trading strategies. Francium also offers strategy builders a DeFi automation toolset consisting of DeFi automated framework, strategy dev toolset and standard SDK.
There are currently three roles on Francium. Lenders, which earn variable, low-risk returns on assets deposited into lending vaults, Yield Farmers who borrow assets from the lending pools with leveraging of up to 3x and Liquidators, who monitor the pool for underwater leveraged farming positions.
Francium have always been open and honest about the potential risks within the sector and their platform. They have produced a simple, easy-to-read, document regarding this here.
As part of their commitment to reducing risk and improving their user experience, they have partnered with InsurAce.io, the leading DeFi insurance protocol, to provide that extra protection for users.
Users who have assets held in Francium can purchase protection via the InsurAce.io dApp: app.insurace.io
“We’re really happy to confirm this partnership with Francium. Solana is a fast-growing protocol and we regularly take note of projects being built on this extraordinary ecosystem that we feel can make a difference to users lives. As their userbase increases, it’s imperative that there is a solution in place to protect against any external threats, our smart contract cover will cover this.” Oliver Xie, Founder, insurAce.io
About Francium:
Francium is a Decentralized yield strategy aggregator built on Solana. Francium offers a variety of strategies for both users and strategy builders. They offer automated strategies including Leveraged Farming / Hedge Farming, DeFi Combination Strategies, and Smart Trading Strategies to the users. For strategy builders, Francium will offer DeFi automation toolset which comprises of DeFi Automation Framework, Strategy Dev Toolset, and Standard SDK.
All the team members are from leading blockchain and Internet companies. We have accumulated a wealth of algorithmic research and implementation experience. We’re also among the earliest users of DeFi.
Join Francium community:
Website | Twitter| Telegram | Discord
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 106+ protocols, safeguarding over $235M DeFi assets on 16+ public chains.
InsurAce.io is backed by DeFiance Capital, Parafi Capital, Alameda Research, Hashkey Group, Huobi DeFi Labs, Hashed, IOSG, Signum Capital, Long Hash Ventures and a dozen of other top funds.
Join InsurAce.io community:
Website | Twitter | Telegram | LinkedIn | Announcements | Medium
