InsurAce.io is delighted to confirm that they have successfully been accepted to receive a development grant from Aurora.
As part of InsurAce.io’s commitment to their community for strengthening their ecosystem, the team are thrilled to confirm that they will receive a development grant from Aurora, allowing them to develop onto the NEAR EVM ecosystem.
Aurora is a product that helps Ethereum users and dApps to easily move to the NEAR blockchain. Aurora’s functionality opens up the possibility to do two distinct things:
- Upload and interact with Solidity smart contracts on the NEAR protocol.
- Move assets from Ethereum to NEAR — including ERC-20 tokens.
This is an exciting opportunity for InsurAce.io, the world’s leading multi-chain DeFi insurance protocol, who launched on the mainnet through the Ethereum blockchain and only last month successfully received a grant from NEAR directly to develop directly onto the chain.
Aurora is an EVM (Ethereum Virtual Machine) implemented as a smart contract on the NEAR protocol. Developers at InsurAce.io will be able to build and operate on an Ethereum-compatible, high-throughput, scalable and future-safe platform with low transaction costs for their users.
InsurAce.io have been approved a development grant after Aurora opened up funding to support project growth. Now, InsurAce.io can build directly on Aurora with the help and direction of their talented team.
“This is a really exciting announcement for us. In only 3 months, we’ve successfully received development grants from Harmony and NEAR, we’ve been incubated in the BNB Chain MVB program and now we’ve received additional funding to build on Aurora. We want to be able to provide insurance solutions to as many people as possible. Our products are a necessity, especially as DeFi hacks continue on a daily basis, and receiving grants from such outstanding protocols and products ensures that we can provide the best solution that we possibly can.” Oliver Xie, Founder, InsurAce.io
To find out more about this announcement, InsurAce.io is welcoming more members into their various communities. Join one of the social media links below and take the opportunity to talk directly to the team.
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.
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