InsurAce Biweekly Report

InsurAce.io Biweekly Updates (NOV13-NOV27)

Product and Technology

  • InsurAce Governance Gauge Settlement
  • InsurAce Governance Voting Rewards Distribution

Claim Settlement

Claim Voting for Exactly Protocol Hack

  1. On Aug 18, Exactly Protocol was hacked for $7.6 million
  2. InsurAce’s Advisory Board deems this as a claimable risk event due to: Vulnerability in the DebtManager peripheral contract
  3. Expected Payout: USD$118,847.66

Full Investigation Report: https://files.insurace.io/public/claim/InvestigationReport_POLYGON84.pdf

Lock INSUR to veINSUR

Period: 27 Nov 2023 to 30 Nov 2023: 0745 UTC

INSUR holders can lock their INSUR tokens into veINSUR to vote and earn INSUR-WBNB LP token rewards

Lock here: https://dao.insurace.io/lock

Claim Voting Period

30 Nov 2023: 0800 UTC to 3 Dec 2023: 0800 UTC (72 hours)

Support

If you have any questions about the upcoming vote, please reach out to InsurAce’s Claim discussion channel in Discord: https://discord.com/channels/778972805127471154/1020574691003465853…

Community

  • Twitter followers: 41k
  • Telegram members: 6.2k
  • Discord members: 5.85K
  • Instagram followers: 7k
  • Reddit followers: 4.4k

Statistics

Total Value Locked: $4.14M

Total Cover Sold: $389.79M

Cumulative Cover Payment: $2.23M

Total Users: 78,498

Total Token Holders: 12,973

About InsurAce.io

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!

Join our community: https://link3.to/insurace_io

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top