InsurAce.io confirms long-term strategic partnership with Tulip Protocol

InsurAce.io and Tulip have confirmed a formal partnership that focuses on protecting digital assets against potential hacks or losses.

InsurAce.io are delighted to confirm that they have agreed an official partnership with the Tulip Protocol.

Tulip Protocol is the first yield aggregation platform built on Solana with auto-compounding vault strategies. The dApp is designed to take advantage of Solana’s low cost, high efficiency blockchain which allows the vault strategies to compound frequently.

As of time of writing, Tulip offers three types of yield products; Vaults, Lending and Leveraged Farming.

All vaults and code created on Tulip are experimental and this partnership is a large step towards reducing the risk attached.

Tulip has been listed on the InsurAce.io dApp, allowing users to protect their digital assets from smart contract vulnerabilities. For full information of what is covered, please refer to our terms and conditions here.

“Tulip Protocol is a fantastic project and this partnership further strengthens our insurance coverage on Solana. We’re delighted with the progress of Tulip and their commitment to protecting their users. We believe this is just the start of a very exciting future for both Tulip and ourselves.” Oliver Xie, Founder, InsurAce.io

Cover can be purchased for Tulip via our dApp today: app.insurace.io.

About Tulip Protocol:

Tulip is Solana’s yield aggregation homestead. The dApp (decentralized application) is designed to take advantage of Solana’s low cost, high efficiency blockchain; allowing the vault strategies to compound frequently. This benefits farmers with higher APYs, not requiring active management, and lower gas fees.

Tulip has also integrated leveraged yield farming & lending pools into the platform, providing an investment with suitable risk rewards for any DeFi user.

Join Tulip community:

Website | Twitter | Telegram | Discord

About InsurAce.io

InsurAce.io is a decentralized multi-chain insurance protocol, to empower the risk protection infrastructure for the DeFi community. InsurAce.io offers portfolio-based insurance products with optimized pricing models to substantially lower the cost; launches insurance investment functions with flexible underwriting mining programs to create sustainable returns for the participants; and provides coverage for cross-chain DeFi projects to benefit the whole ecosystem.

At the time of writing, InsurAce.io has provided coverage to 96+ protocols, safeguarding over $200M DeFi assets on 14+ public chains.

InsurAce.io is backed by DeFiance Capital, Parafi Capital, Alameda Research, Hashkey group, Huobi DeFiLabs, Hashed, IOSG, Signum Capital, LongHash Ventures and a dozen of other top funds.

Join InsurAce.io community:

Website | Twitter | Telegram | LinkedIn | Announcements | Medium

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