InsurAce.io is delighted to announce their latest partnership with Beethoven X, bringing music to users’ ears with increased security options.
InsurAce.io and Beethoven X have confirmed their official strategic partnership, focused on improving security options for DeFi users.
Beethoven X, built on Balancer v2, is the first next-generation AMM protocol on Fantom Opera. Beethoven X has a lot of quality features for its users to provide the best experience including weighted investment pools, stable pools, trading, farming and earning protocol fees.
This new partnership has been announced as part of Beethoven X’s roadmap v.0.2 which is well and truly underway. The protocol has a dream to create access to cutting edge wealth creation instruments for everyone — regardless of their socio-economic status.
Security has always been a top priority for Beethoven X and they were very keen to agree on an official partnership with InsurAce.io. Beethoven X uses Balancer v2 contracts verbatim, which has completed several full audits and have a comprehensive bug bounty program to which Beethoven X financially contributes.
Along with this, Beethoven X has completed an audit with Trail of Bits, the results of which can be accessed here.
They have now taken the next step by allowing users to purchase insurance cover from InsurAce.io which will protect their assets held on the platform. Cover can be purchased from the InsurAce.io dApp: app.insurace.io
“We’re delighted to have Beethoven X onboarded as an InsurAce.io partner and we’re excited to see what this will entail. We’ve been watching the DEX for a while and we believe that their solution is ideal for investors, traders and other protocols. Their dedication to security is impressive and we’re really happy to provide that added protection through our insurance offering.” Oliver Xie, Founder, InsurAce.io
As a result of this partnership, InsurAce.io has further increased its coverage on the Fantom network.
About Beethoven X:
Beethoven X aims to be a one-stop decentralized investment platform on Fantom Opera.
Beethoven X leverage best in breed DeFi protocols to offer novel decentralized investment strategies. Built on Balancer V2, Beethoven X is the first next-generation AMM protocol on Fantom.
Balancer V2 brings powerful new features to slash gas costs, super-charge capital efficiency, unlock arbitrage with zero-token starting capital, and open the door to custom AMMs.
Join Beethoven X community:
Website | Twitter | Discord | Medium
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 117+ protocols, safeguarding over $260M+ 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
