InsurAce.io is delighted to confirm their official partnership with Gains Network, the innovative DeFi ecosystem of products on Polygon.
InsurAce.io and Gains Network are pleased to announce that they have entered a long-term partnership focused on protecting DeFi assets. Gains Network has already been listed on InsurAce.io’s dApp, allowing users to purchase cover against smart contract vulnerabilities.
Gains Network built the first decentralized leverage trading platform on Polygon. Originally known as Gfarm2, their v2 launch in October 2021 saw a rebrand inspired by their own community. Since then, Gains Network has been focused on ensuring they have the best possible decentralized leveraged trading protocol for everyone to use. The rebrand was a foundation to making this possible.
Gains have always taken security very seriously. Security has always been a top priority for the team and has been through multiple independent audits from Certik. The details of which can be found here: https://www.certik.com/projects/gainsnetwork
Now, by confirming this partnership, Gains Network has further protected its users by giving them the opportunity to buy insurance cover for any digital assets held on its platform. Users can purchase via the InsurAce.io dApp: app.insurace.io
“We’ve been really impressed by the team at Gains Network. Security is clearly a focus for themselves and they want to reduce the risk, not only for their users but for the whole DeFi industry overall. We’re also excited because it strengthens our network coverage on Polygon.” Oliver Xie, Founder, InsurAce.io
Gains Network users who can purchase insurance cover on both the Polygon and Ethereum chains. For Terms and Conditions of the insurance, click here
About Gains Network:
Gains Network is building the decentralized finance ecosystem of the future. Their goal is to build the most advanced and optimised suite of DeFi products in the space.
They launched the first decentralized leverage trading platform on Polygon (gTrade), and that is only their first product. Their uniquely designed architecture makes gTrade 100–1000x more capital efficient than competitors’ platforms and still allows for extremely low trading fees, a wide range of leverage (up to 150x on cryptos and up to 1000x on forex), and any assets/pair (cryptocurrencies, forex, stocks, commodities, indexes).
The whole protocol revolves around the ecosystem’s ERC20 utility token (GNS) and ERC721 utility token (NFTs). GNS and the NFTs are designed to be actively used on the platform. GNS’s value is tied to the success of the platform, more volume and trades translate to more buying pressure and increased burning pressure on the token in the long term
Join Gains Network community:
Website | Twitter | Discord | Telegram
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 111+ protocols, safeguarding over $255M 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
