At InsurAce.io we are committed to expanding the frontiers of secure passive income opportunities for DeFi users and investors globally. And in this regard, we have enlisted yet another innovative lending provider.
Today, we are delighted to announce that Ola Finance is now listed on InsurAce protocol. This strategic partnership will allow Ola Finance’ users to get 100% Coverage for their on-chain assets, thereby helping them improve their capital efficiency without taking on the additional risk of smart contract exploits and/or stablecoin de-peg.
What is Ola Finance?
Ola Finance is an innovative Lending-as-a-Service (LaaS) protocol that allows anyone to create and deploy their own custom lending network. It allows partners to not only choose their own supported tokens but to also specify lending/borrowing parameters.
Once deployed, Ola Finance’s team of experts then provides maintenance, risk advisory, and technical support to help maintain the network while allowing the creator the autonomy to focus and grow their products.
Key Features of Ola Finance
Ola Finance is not just another clone of popular lending protocols like Compound or Aave. Rather, Ola is a service provider that brings the lending infrastructure and expertise needed to deploy and scale.
With Ola Finance, Users, Creators, DAOs, Influencers, Whales, VCs can access plug-and-play technical support to create, launch & operate their own isolated lending & borrowing network..
Ola Finance users get to enjoy the following features:
- Wide variety of Tokens
- Tailored Risk Profile
- Better Borrowing & Lending Rates
- Enhanced User Experience
Synergy Between Ola Finance & InsurAce
The DeFi industry has become fraught with a growing spate of hacks and smart contract exploits. By integrating InsurAce’s Coverage products & services, Ola Finance users will be able to access 100% protection from Smart Contract Vulnerability on deployed lending networks.
The Ola Finance team has expressed optimism that InsurAce.io coverage products will provide the ultimate risk protection, industry standard security at competitive premium.
“Security and peace of mind is a core part of Ola’s service offering while working with other DeFi protocols. Offering reliable risk protection to our partners and their communities through a professional protocol like InsurAce helps us provide this.”
– Oren De Lange, COO
Our aim at InsurAce.io is to create a safe and secure space for Investors and users to access decentralized finance service globally. And By integrating Ola Finance, we will now be able to extend our Crypto Coverage security to another burgeoning community of blockchain enthusiasts and innovators.
About InsurAce
InsurAce.io is a leading decentralized multi-chain protocol that provides reliable, robust and secure risk protection services to DeFi users, allowing them to protect their investment funds against various risks.
DeFi Coverage services have come into the global limelight following the devastating $40billion TerraUST crash where InsurAce’s $11.7m payouts played a major role in sustaining investor confidence and averting a systemic crash for the crypto industry.
With InsurAce.io, users can rely on:
- Unbeatable Low Cover Premiums
- Cross-chain Coverage
- Multi-chain Accessibility
- Sustainable Investment Returns (via our Investment Portal and Mining Program) .
Since its debut in April 2021, InsurAce.io has built a full-spectrum cross-chain product line that covers 140+ protocols, 3 CEXs and 1 IDO platform running on Ethereum, as well as Solana, BNB Smart Chain, Polygon, Fantom, Gnosis, Arbitrum, Avalanche, Harmony, Celo, Cronos, Boba, ICON, Ontology, Moonriver, Moonbeam, Bifrost, Aurora, and Optimism. InsurAce.io currently has a live product deployed on Ethereum, BNB Smart Chain (BSC), Polygon, and Avalanche.
InsurAce is led by founders Oliver Xie, Sum Wu and Dan Thomson with a globally distributed team of insurance and web3 experts.
Join The Community
Website: InsurAce.io
Twitter: Twitter.com/InsurAce_io
Whitepaper: docs.insurace.io
