The last 30 days have been nothing short of remarkable for the DeFi insurance sector. As the first-ever production-ready product designed to safeguard users from the inherent risks of bridging transactions, our InsurAce x LI.FI Bridge Aggregator Bridge Cover has made some truly noteworthy strides. Today, we’re excited to take you behind the scenes of our roller-coaster first month!
With coverage on 16 chains, over 6.8K transactions insured, and a total cover amount exceeding $1.3M, the InsurAce x LI.FI Bridge Aggregator Bridge Cover has undeniably revolutionized the DeFi insurance landscape. However, the raw numbers are only part of the story. Let’s delve deeper into the revolutionary features that have made this all possible.
Designed to mitigate the risk of potential bridge hacks, our Bridge Insurance on Jumper is the first of its kind in crypto. We’ve tailored it to ensure that 100% of your transaction is covered for only 0.1-0.5% of the bridge amount. This means that you can transfer your tokens with full confidence, knowing that your assets are well-protected.
And here’s the best part: using our Bridge Insurance couldn’t be easier. Simply head over to Jumper.exchange, select your desired token and route, flip the Bridge Insurance switch, and press start swap. With just a few clicks, your funds are now 100% insured against any potential bridge hacks. It’s an industry-first feature that we’re incredibly proud of, and one that’s already making a significant impact.
Our Bridge Insurance doesn’t just provide security; it also unlocks an unparalleled level of freedom. With this feature, users can seamlessly bridge their funds across the multi-chain universe, knowing they’re safe. That’s peace of mind you can’t put a price on.
In just one month, we’ve covered an extensive network of 16 different chains, protecting thousands of DeFi transactions along the way. Our total cover amount of over $1.3M signifies the enormous trust our users have in our ability to secure their assets, a responsibility we don’t take lightly.
We’ve always believed that the key to unlocking the full potential of DeFi lies in robust and comprehensive insurance solutions. The InsurAce x LI.FI Bridge Aggregator Bridge Cover is a testament to that belief. The future holds even more promise, with plans for expanding our coverage and continuously improving our service to meet the evolving needs of the DeFi community.
For more information, head over to our Bridge Cover page. We’re just one month into our journey, and the InsurAce x LI.FI Bridge Aggregator Bridge Cover is already making waves. Join us, and see how we’re changing the face of DeFi insurance.
With InsurAce x LI.FI Bridge Aggregator Bridge Cover, your DeFi ventures are not just insured, they’re Ace insured!
InsurAce, a decentralized global risk cover protocol, offers mutual protection for digital assets against risks such as hacking, smart contract bugs, and stablecoin de-pegging. The platform features two membership-governed mutual pools and uses the $INSUR token for membership rights. With smart contracts issuing covers and a seamless user experience, the need for intermediaries is eliminated. The platform’s unique selling points include Low Fee Portfolio Cover, a Wide Product Range, SCR Mining, and Reliable Transparent Payouts.
InsurAce ‘s innovative approach includes portfolio-based coverage for a diversified risk management tool, support for DeFi protocols across multiple blockchains, and permissionless access for users. InsurAce is committed to continuous evolution, working on fair claims handling, adaptable coverage options, and collaboration with other DeFi protocols.
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Read More about InsurAce: https://www.insurace.io/blog