InsurAce.io are delighted to confirm that they have officially partnered up with Reaper.Farm to protect against security breaches.
Reaper.Farm is an auto-compounding yield farm that maximizes users’ yields by leveraging the power of compound interest. Reaper.Farm allows users to deposit funds into a vault while they get to work using compound interest to benefit the user financially. In short, Reaper.Farm is an auto-compounder, taking the rewards emitted from LPs to generate more LPs to create additional rewards in the cycle.
User security has always been extremely important to Reaper.Farm and Reaper v1 was deliberately built on Yearn.Finances battle-tested architecture. Any releases since have been audited by the respectable Solidity.Finance and they have detected 0 vulnerabilities.
Details of that audit can be found here: https://solidity.finance/audits/ReaperFarm/
Now, they have taken the next step to secure all of their user’s assets by forming a partnership with InsurAce.io, the leading DeFi insurance protocol. Reaper.Farm has been listed on the InsurAce.io dApp and users can purchase insurance protection through this link: app.insurace.io
“We’re excited to confirm our partnership with Reaper.Farm. We’ve been following their project for a while and they have always emphasised the need for security in our industry. This partnership highlights the need for crypto insurance and we’re delighted at the opportunity to provide this extra protection for their users.” Oliver Xie, Founder, InsurAce.io
This partnership has also strengthened InsurAce.io’s coverage on the Fantom Network.
About Reaper.Farm :
Reaper.Farm is an auto-compounding yield farm which maximizes user’s yields by leveraging the power of compound interest. Exponential profit!
It’s really just as easy as depositing LP assets into our Crypts. They act as automatic financial strategies, no further human input required. Within each Crypt is a Reaper Harvest-Bot which performs a series of transactions which compound the gains for all the users in the Crypt as soon as it is profitable to do so. The result is an extremely tax-efficient vehicle that grows your underlying assets while you sleep, fish, game or whatever.
Join Reaper.Farm community:
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 114+ protocols, safeguarding over $257M 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: