We are excited to share that InsurAce is partnering up with dHEDGE to insure their smart contract liquidity pools as well as offer insurance to investors of dHEDGE to provide additional reassurance in their protocol. At the same time, InsurAce will be investing a portion of its investment pool with dHEDGE to cement this mutual partnership.
InsurAce is a decentralized insurance protocol that provides reliable and affordable DeFi insurance services to DeFi users with sustainable investment returns. Backed by leading investors including DeFiance Capital, ParaFi Capital, Alameda Research and Huobi DeFiLabs, InsurAce will be launching its mainnet on April 26th 2021.
This partnership with dHEDGE shall cover multiple areas of collaboration as provided below.
1. Investors in dHEDGE can insure their assets via the InsurAce app.
InsurAce will underwrite assets on the DHT protocol.
This means that users of DHT protocol can insure their investment against risks via the InsurAce protocol. In return for the insurance they will also be rewarded with INSUR tokens resulting from the minting of staked assets in the form of INSUR tokens and the investment income from the investment pool that derives from insurance premiums and staked tokens.
2. dHEDGE can insure their own tokens remaining on their own protocol
By insuring against unexpected risks and failures in the smart contract, dHEDGE can protect their own tokens and liquidity within their pools and other allocations to provide further peace of mind to their investors. This builds confidence in the protocol and this increased confidence may even mitigate the price of the insurance premium.
3. InsurAce will allocate a portion of its investment pool into dHEDGE’s dTOP protocol.
dTOP is a tokenized index mirroring the best traders on dHEDGE. The dHEDGE platform crowdsources the best managers around the world and ranks them based on their risk-adjusted returns. With dTOP anyone can easily get exposure to the best traders through one ERC-20 token. You can think of dTOP as an actively managed ETF that constantly tracks the best traders in DeFi — the first of its kind. InsurAce believes this to be an excellent secure investment option for its portfolio.
dHEDGE is a non-custodial, decentralized asset management for synthetic assets on Ethereum
Non-custodial: users retain ownership over their funds, investment managers cannot run away with investor funds
decentralized asset management: dHEDGE aims to create a permissionless, unstoppable protocol for asset management
synthetic assets on Ethereum: dHEDGE portfolios are powered by the Synthetix derivatives liquidity protocol
dHEDGE is a one-stop location for managing investment activities on the Ethereum blockchain where you can put your capital to work in different strategies based on a transparent track record.
InsurAce Protocol is a DeFi Insurance protocol that has quickly become the second largest protocol in DeFi insurance. At the time of writing, the protocol has a $40 million market cap based on a circulating supply of 8 million INSUR tokens. There is a maximum release of 100 million INSUR Tokens which can be mined through staking on the protocol.
InsurAce is a new decentralized insurance protocol, to empower the risk protection infrastructure for the DeFi community. InsurAce offers portfolio-based insurance products with optimized pricing models to substantially lower the cost; launches insurance investment functions with SCR mining programs to create sustainable returns for the participants; and provide coverage for cross-chain DeFi projects to benefit the whole ecosystem.
InsurAce is backed by DeFiance Capital, Parafi Capital, Hashkey group, Huobi DeFiLabs, Hashed, IOSG, LuneX, Blockarc and Signum Capital. In the three months since its first testnest was released, several high profile partnerships have been established. Information to be released in separate releases.
The project lead for InsurAce is Oliver Xie. Oliver started to work on InsurAce project since September 2020 and entered the crypto space back in 2017 where he led a team to research crypto derivatives and blockchain technology, and has gravitated towards the blockchain-based Open Finance for the past few years. He identified an opportunity for a unique approach to providing insurance for DeFi smart contracts and users, and InsurAce was created.
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