InsurAce Full-Spectrum Multi-Chain Insurance Services
A Singapore based DeFi Insurance protocol, InsureAce launch its full spectrum multi-chain insurance services to provide insurance coverages to protocols on a wide range of public chains, including ethereum, Binance Smart Chain (BSC), Huobi Eco Chain (HECO), Solana, Polygon, and Fantom.This multi-chain insurance services, empowers and safeguard the rapid growing DeFi ecosystem in a multi-chain environment.
“Our team have been working tirelessly to bring this product to market. Ahead of releasing native tokens on each chain with bridges to our main token on Ethereum, we have been able to develop this fantastic product to offer insurance services to a far wider range of protocols than anyone else in the DeFi Insurance industry. We know this product will be a huge step forward for InsurAce and the industry as well as a part of our grand mission to make crypto a safer place.” Oliver Xie, founder of InsurAce
Multi-chain insurance has been in InsurAce’s initial roadmap since its inception and InsurAce has been working hard to bring it into reality since its mainnet launch in April, and the implementation has two phases.
- InsurAce Multi-chain v1.0 (launching 21st May 2021), to provide coverages for risks on other chains relying on its deployment on Ethereum. Users will be able to purchase covers for their assets on other chains using their ETH and stable coins on Ethereum.
- Multi-chain v2.0 (under development, to be released in June), to bridge assets and deploy on other chains so that users can protect any asset from anywhere in the DeFi world.
With the launch of multi-chain v1.0 today, InsurAce will now be able to insure users’ assets on protocols built on chains such as BSC, HECO, Solana, Polygon and Fantom, as well as their existing protocols that they service on the Ethereum network.
ABOUT InsurAce
InsurAce Protocol is a Singapore based DeFi Insurance protocol that has quickly become the second-largest protocol in DeFi insurance. It is 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.
