We are thrilled to announce another partnership with an auditor, Oxorio to introduce the Post-Audit Cover, a product that covers newly audited protocols audited by Oxorio.
Insuring code audits acknowledges the dynamic nature of technology and the evolving tactics of malicious agents. It recognizes that, despite the most rigorous audit processes, vulnerabilities might still arise as the ecosystem evolves. By insuring against these post-audit vulnerabilities, stakeholders gain the confidence to explore the vast potential of DeFi without the looming fear of unexpected setbacks.
What is Post-Audit Cover?
The Post-Audit Cover is a powerful tool for DeFi platforms that want to ensure the security of their smart contracts. They provide an extra layer of protection against potential risks that may arise even after a thorough audit. With Post-Audit Cover, protocols are protected against smart contract risks for up to 3 months after an audit. Coverage amount and premium rates are determined after risk assessment on each protocol.
For more information please refer to our blog post here: https://www.insurace.io/blog/?p=3971
Looking for additional coverage after an audit? Or looking to partner with us as an auditor? Reach out to us here: https://app.insurace.io/audit-cover
Oxorio provides high-quality smart contract audits, offer blockchain-related infrastructure vulnerability analysis and penetration testing.
InsurAce is a leading decentralised insurance protocol, providing reliable, robust and secure insurance services to DeFi users, allowing them to secure their investment funds against various risks. Being the 1st in the industry to offer cross-chain portfolio-based covers, InsurAce enables users to get unbeatable low premiums.
InsurAce has been live since April 2021 and has built a full-spectrum cross-chain insurance product line, covering Smart Contract Vulnerabilities, Stablecoin De-Peg events, Bridge Vulnerabilities, IDO risks, and Custodian Risks… protecting over $375m of assets of 20,000+ customers!