Today, we are excited to shed light on our new collaboration with Concero, an innovative platform that’s rising as a game-changer in the DeFi landscape. As pioneers in providing insurance cover for the rapidly evolving DeFi world, we understand the importance of offering protection against unforeseen risks, especially in bridge and DEX transactions.
Why We’re Excited About Concero
Concero’s goal of reducing the reliance on Centralised Exchanges (CEXes) is not just bold, but crucial in today’s crypto environment. Their approach of making decentralized platforms more user-friendly is admirable, especially as they emphasize on the vital actions: Swapping, Earning, Tracking, Discovering, and On-ramping/Off-ramping. We are thrilled to be playing a pivotal role in the “Making Concero Safe” pillar of their mission.
Bridging the Safety Gap with InsurAce
In our collaboration with Concero, we aim to provide users with peace of mind, knowing that their cross-chain swaps are insured. With the rapid growth of the DeFi sector, it’s paramount to ensure that these transactions are secure and safeguarded against potential vulnerabilities. Concero has been able to implement this cover through the SDK offered by Li.Fi which includes an InsurAce add on. By having these safety nets in place, we can instill greater confidence in users who are navigating the DeFi ecosystem.
Encouraging a Wider Adoption
While our partnership with Concero is a monumental step, we want to extend our services further. We urge other bridges and DEX platforms to consider the value of integrating insurance cover. The benefits are manifold:
- User Confidence: Knowing that their assets and transactions are insured will undoubtedly boost users’ confidence in your platform.
- Platform Integrity: An insured platform is perceived as trustworthy, reinforcing your commitment to users’ safety.
- Growth: By mitigating risks, more users are likely to embrace DeFi, contributing to the ecosystem’s expansion.
The Future is Insured
We are on the brink of witnessing DeFi unfold its full potential. As Concero is taking monumental strides to redefine the space, InsurAce is committed to ensuring this journey is as safe as possible. We are more than just an insurance platform; we are enablers of trust in the ever-evolving crypto world.
In conclusion, we wish to extend our gratitude to our community, and especially to the visionary team at Concero for their trust in us. Together, we are laying down the building blocks for a safer, more inclusive DeFi future.
For those interested in exploring more about our offerings or collaborations, please feel free to connect with us. Let’s shape the future of DeFi together!
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!