InsurAce.io and Tetu are delighted to announce that they have agreed a long-termpartnership that allows Tetu users to protect their digital assets.
Tetu is a Web3 asset management protocol built on the Polygon network thatimplements automated yield farming strategies in order to provide investors with a safe and secure method of receiving high and stable yield on their investments.
With this partnership, Tetu users (Tetuans) will be able to purchase insurance coverand have their assets protected within the Tetu protocol. This partnership was veryimportant for both teams to confirm as DeFi insurance provides peace of mind foryield farming by bringing more security to large positions.
The Tetu cover on the insurAce.io dApp has an initial capacity of $2m and willprotect Tetuans against any exploitations on the smart contract.
To understand fully what is covered in this insurance plan, please refer to this document.
This is an exciting partnership that solidifies both companies’ commitment towardssecurity within the industry.
“We are really excited and positive about our latest partnership with Tetu. Hacks and violations are far too common within our industry and we will strive to deter and prevent them. Ensuring Tetuans this additional security is imperative and we are looking towards working with the Tetu team throughout the coming months and years.” Oliver Xie, Founder, InsurAce.io
Tetuans can purchase cover today at: app.insurace.io
About Tetu:
Tetu is a Web3 asset management protocol committed to create and provide innovativeyield management solution for its users and DeFi investors. The Tetu core team has deepindustry knowledge building back-end international banking systems and developmentwith leading global payment processing infrastructure.
The core team lead left the safety of their multi-national job security and benefits toventure out into unknown and started applying his development skills during the 2020 DeFi Summer where he ended up leading community development for Harvest Finance. While completing his work there, he saw the opportunity to bring together code fromSynthetix as well as Yearn to create a complete new solution of yield management. Takingonly the best of the first generation of tokenomics and yield aggregation and to bring ittogether into a new secure and scalable platform called Tetu.
Join Tetu community:
Website | Twitter | GitHub | Discord
About InsurAce.io
InsurAce.io is a decentralized multi-chain insurance protocol, to empower the riskprotection infrastructure for the DeFi community. InsurAce.io offers portfolio-basedinsurance products with optimized pricing models to substantially lower the cost; launchesinsurance investment functions with flexible underwriting mining programs to createsustainable returns for the participants; and provides coverage for cross-chain DeFiprojects to benefit the whole ecosystem.
At the time of writing, InsurAce.io has provided coverage to 100+ protocols, safeguardingover $210M DeFi assets on 16+ public chains.
InsurAce.io is backed by DeFiance Capital, Parafi Capital, Alameda Research, Hashkeygroup, Huobi DeFiLabs, Hashed, IOSG, Signum Capital, LongHash Ventures and a dozenof other top funds.
Join InsurAce.io community:
Website | Twitter | Telegram | LinkedIn | Announcements | Medium
