At InsurAce.io we strongly believe that the long-term future of blockchain technology and the web3 economy is Multi-chain. Hence, we have invested in building relationships with innovators and communities that are creating multi-chain solutions for the global DeFi ecosystem.
And in this regard, we have enlisted yet another innovative multi-chain liquidity staking platform.
Today we’re thrilled to announce that StaderLabs is now listed on InsurAce protocol. This product listing means InsurAce will now extend Smart Contract Vulnerability cover to Stader’s multi-chain ecosystem of over 100,000 active members.
What is StaderLabs?
Stader is a non-custodian smart-contract based staking platform that helps you conveniently discover and access key staking solutions. The Stader team has built some critical staking infrastructure interoperable with multiple PoS networks which retail crypto users, exchanges and digital assets custodians can utilize to enhance capital efficiency.
Key Features of the StaderLabs
Most staking & yield-farming platforms are often criticized for their lack of Cross-chain interoperability. Stader has built landmark solutions to this with mainnet liquidity solutions live on Hedera, Polygon, Fantom, BNB, Near, Terra 2.0.
Staderlabs users get to enjoy the following features:
- Multichain liquidity staking
- Enhanced user experience
- Competitive staking rewards
- World wide community
Furthermore, the team is on the verge of launching on Ethereum 2.0, Avalanche and Solana networks.
With this wide array of dynamic features and solid product offerings, it has not come as a surprise to many that Stader has quickly amassed a TVL in excess of $150 million within its first 2years post-launch.
Synergy Between InsurAce & StaderLabs
With over $1.9billion lost in 2022 so far, Smart Contract exploits are fast becoming a virtual pandemic in the web3 economy. This trend often dissuades new entrants and poses a major concern to Investors in various yield-farming platforms in DeFi.
As the blockchain industry continues to find long-term solutions to stem the tide of devastating exploits, InsurAce.io has launched an array Web3 Insurance cover products to help DeFi investors protect their assets and claim compensation if they fall victim to unfortunate incidents related to smart contract exploits, custodian failure or stablecoin de-peg risks.
By getting 100% coverage on their staked digital assets, StaderLabs’ users can improve their passive income and capital efficiency while mitigating the additional risk of smart contract exploits.
The Staderlab’s team expressed their optimism that InsurAce.io coverage products will provide the ultimate risk protection, industry standard security to their users at competitive prices.
“In addition to generating competitive staking rewards, the Security & Safety of assets staked with us is a top priority for Stader. We are glad to enable the option provided by InsurAce for our community to add an extra layer of protection for themselves through a decentralized, reliable protocol like Insurace”
— Amitej, CEO & Co-founder, Stader
Click Here to view StaderLabs’ official web pages & social media channels.
InsurAce CEO & Founder Oliver Xi also expressed his confidence that the partnership with Stader will lead to net-positive outcomes for both communities as well as the Web3 economy at large.
“At InsurAce.io our aim is to create a safe and secure Web3 space for Investors and users to access decentralized finance services globally. And by listing Staderlabs on our web3 insurance ecosystem, we will now be able to extend our Crypto coverage protection to another burgeoning community of blockchain enthusiasts and web3 investors.”
— Oliver Xie (InsurAce Founder/CEO)
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 (@vagrantcrypto) with a globally distributed team of insurance and web3 experts.
Join The InsurAce Community >>> Linktr.ee/InsurAce
