InsurAce.io, the leading DeFi insurance protocol is pleased to announce a strategic partnership with Planet that is out of this world.
Planet is a decentralized financial protocol consisting of different planets, each its own application, designed to enable anyone to freely activate their capital. Planet enables access to open, decentralized financial services.
The Planet community is on the endless hunt for the best DeFi opportunities in the space. Planet either aggregates the best opportunity or creates it.
We are proud to be partnering with Planet to offer leading DeFi insurance services to Planet users via our Smart Contract Cover, protecting users against hacks, exploits and bugs.
Users can use the BNB Chain on the InsurAce app to protect assets with the same wallet address in Planet, or use our multichain services to use Ethereum, Polygon or Avalanche at no extra cost.
Oliver Xie, founder of InsurAce, said this of the partnership; “We’ve been admiring the growth of Planet for some time now and are pleased to be working closely with the team to help make crypto safer for everyone. We look forward to offering Planet investors the peace of mind when staking their assets into Planet so that they can maximise their returns safely”
Planet users can protect their assets via app.insurace.io for as little as 0.25% per month premium.
We invite new users of InsurAce from the Planet community to join our telegram channel for regular updates and information at t.me/insurace_protocol and to follow our Twitter: www.twitter.com/insurace_io
ABOUT PLANET
Planet is a decentralized financial protocol consisting of different planets, each their own application, designed to enable anyone to freely activate their capital. Planet enables access to open, decentralized financial services.
The Planet community is on the endless hunt for the best DeFi opportunities in the space. Planet either aggregates the best opportunity or creates it.
Tokenomics
- AQUA is a uniquely scarce cryptocurrency, designed to capture value & govern the planets.
- GAMMA is a utility token that will power Planet Finance for eternity.
The Planets
- Blue Planet is your decentralized base, designed as an autonomous jump point to decentralized financial services.
- Green Planet the first decentralized lending protocol with discount levels. Powered by GAMMA.
- Pink Planet is a unique marketplace giving artists the space to create, buy & sell digital assets.
Core Features
- Vaults: One-click deposit & instantly earn yield on your crypto
- Pools: Provide liquidity to earn trade fees and GAMMA
- Swap: Instantly swap cryptos using trustless liquidity pools
- Lending: The first decentralized money market with discount levels
Fair Distribution, Tokenomics & What Makes Planet Unique
- Planet is a yield-discovery protocol enabling anyone to create value for themselves using their crypto assets.
- AQUA is a uniquely scarce, deflationary governance token with an absolute max supply of 100,000.
- There was no “team token” allocation for AQUA.
- AQUA was fairly distributed over 200 days to vault stakers and liquidity providers by their participation.
- AQUA will continue to be bought & burned by the protocol forever, with on-chain, verifiable public records.
- AQUA holders control the direction of Planet, and own the Treasury.
- GAMMA was airdropped to AQUA holders based on a verifiably-random snapshot, powered by Chainlink.
- GAMMA is the incentive token earned for all economics activity on Planet. To see the full tokenomics overview go here.
- GAMMA can be used to unlock discount levels & earn more GAMMA across the planets.
Welcome to Planet Finance.
Find us on Telegram or Twitter and join us on our journey!
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 138+ protocols, safeguarding over $343M+ DeFi assets on 20+ 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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