Leading DeFi insurance protocol InsurAce (www.insurace.io) has expanded its team in recent months to build on its existing core team of developers. Most notably InsurAce has secured Dan Thomson as its new Director of Business Development & Marketing.
Dan has a diverse background in between finance and the hospitality industry with a host of startup businesses under his belt. He has been involved in cryptocurrencies since 2015 and launched a cryptocurrency index fund in Gibraltar in 2017. He brings his expertise in multi-platform marketing and a wealth of connections to help the InsurAce protocol become the industry leader in DeFi insurance. Dan is also an avid adventurer and funds his continuous travels through cryptocurrency returns.
InsurAce is a decentralized insurance protocol, aiming to provide reliable, robust, and carefree DeFi insurance services to DeFi users, with very low premiums and sustainable investment returns. Their mainnet was launched on 26th April 2021 after a long-awaited launch by the InsurAce community.
At the time of writing there is over $60 billion Total Value Locked in DeFi projects globally. This figure is up from under $1 billion at the start of 2020 and doesn’t appear to be slowing down. Despite the enormity of the existing holdings, under 2% of the market is insured against faults, hacks, and other failures in the smart contracts that this value is held on.
Moreover in the last 9 months alone there have been losses totalling over $120 million due to exactly the types of issues that will be covered by DeFi insurance protocols.
“This is a huge fast-paced market with only a few players to catch up to an ever growing DeFi industry. I’m excited to get started on this momentous task which will only help to further stabilise one of the most exciting industries on the planet right now. It is wonderful to work with such a professional and technically skilled team at InsurAce” Dan Thomson
InsurAce offers two main products, its insurance portal to insure DeFi asset portfolio at discounts of up to 58.3% compared to other providers, and its investment portal allowing staking in the InsurAce liquidity pool to return between 30–50% APY. It is one of the most dynamic new projects out there with both sides of the protocol dynamically feeding into the other to promote efficiency and reward all involved parties.