InsurAce.io and ICHI confirm long-term partnership to protect users against smart contract…

InsurAce.io is delighted to confirm a partnership with ICHI.

InsurAce.io can confirm that they have reached an agreement with ICHI to protect their users against potential hacks or violations on the smart contract.

ICHI strives to solve three problems that are very common within the DeFi industry. They help combat the struggle of getting new users, growing the protocol value and building an ecosystem of businesses supporting their protocol.

ICHI deploys a DMA (decentralized money authority), a DAO customized to give anycommunity a branded dollar worth $1. It is minted with that community’s scarcecryptocurrency. It works similarly to USDC, but you have to purchase thatcommunity’s crypto to mint their branded dollar.

Money functions as a medium of exchange, a unit of account, and a store of value. With ICHI, every cryptocurrency community can fully govern and benefit from theircurrency for the first time.

Security has always been a massive focus of the ICHI team. They have alreadyundertaken 5 separate audits to review and prevent potential risks. These auditshave been with reputable companies and the details can be found below:

Audit with Quantstamp:

https://github.com/ichifarm/ichi-oneToken/blob/master/audits/quantstamp/audit.pdf

Audit with Solidified:

https://github.com/ichifarm/ichi-oneToken/blob/master/audits/solidified/audit.pdf

Audit with CertiK:

https://t.co/bLYbCI4vds

Audit with DeFiYield:

https://defiyield.app/audits/defiyield/ichi

Audit with Bramah Systems:

https://github.com/ichifarm/audit

Now, ICHI have further strengthened their users safety and security by being listedon the InsurAce.io dApp, allowing users to purchase cover protection: app.insurAce.io

“ICHI is a very interesting project that we believe will bring added success to othercrypto projects and not only their own. We wanted to form this partnership as webelieve there is a strong future in the project and that their users will feel a sense ofrelief, knowing they can purchase insurance cover with InsurAce.io.” Oliver Xie, Founder, InsurAce.io

About ICHI:

ICHI is currency for every community. ICHI deploys a branded dollar for anycryptocurrency community. This enables retail on-boarding, protocol growth and ecosystem acceleration. ICHI v2 was launched in June 2021 to create a DMA for all cryptocommunities.

ICHI v1 proved stable currency can be fueled by any cryptocurrency and launchedsuccessful stablecoins for projects of all sizes. ICHI v2 introduced more benefits to usersincluding DMA, Simple Deposit and Protocol Provided Liquidity.

Join ICHI community:

Website | Twitter | Telegram | 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 96+ protocols, safeguardingover $200M DeFi assets on 14+ 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

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