InsurAce.io and Elephant.Money team up to secure stable coin yield by mitigating smart contract risk.
InsurAce.io are delighted to announce their official partnership with Elephant.Money. Elephant Money is a future-proof way to compound profits made on BNB Smart Chain. InsurAce.io was the insurance protocol chosen by the Elephant.Money community directly and after hearing the team’s values towards security, they were delighted to join the HERD.
Elephant.Money implements a voluntary, sustainable, and permissionless global economic engine on top of a collection of blue-chip assets, a core rewards token ($ELEPHANT), and a stable coin ($TRUNK). The Elephant.Money protocol is a 100% complete and finished product and provides yield and price appreciation in any market cycle.
Security has always been at the forefront of what Elephant.Money do and they received an 89/100 security score from Certik. Additional security was a huge focus of their roadmap as they wanted to ensure asset managers covered all potential externalities when it comes to the risk for investments.
As part of this partnership, InsurAce.io will provide insurance protection against smart contract vulnerabilities, terms and conditions can be found here: https://files.insurace.io/public/en/cover/SmartContractCover_v2.0.pdf
“We’re delighted to announce that we have partnered with Elephant.Money. Especially knowing that their own community requested they spoke with us. We’re happy to cover users and provide them with that additional protection. We’re looking forward to collaborating further in the coming months and reducing DeFi risks overall.” Oliver Xie, Founder, InsurAce.io
Users can purchase their insurance cover via this link: app.insurace.io.
About Elephant.Money:
ELEPHANT.MONEY STABLE is a future-proof way to compound profits made across your portfolio. Lock in your gains. Use the Reserve to mint Elephant Money Stable (TRUNK).TRUNK is partially collateralized, 75% BUSD and 25% ELEPHANT.
Elephant is a complete product. A new car can get you from point A to B. In the same vein, Elephant can help you grow your overall diversified portfolio. They focus on what we need to get done NEXT, based on current market conditions and user feedback
Join Elphant.Money community:
Website | Twitter | LinkTree | 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 123+ protocols, safeguarding over $260M+ DeFi assets on 19+ 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
