InsurAce Has Partners With Mirror protocol
Mirror Protocol allows the creation of fungible assets, “synthetics”, that track the price of real-world assets. Mirror synthetics are intended to be used as key building blocks in smart contracts and to bring the world’s assets to the blockchain.
InsurAce.io has listed Mirror Protocol on app.insurace.io to protect these mAssets held by mirror users against smart contract vulnerabilities. Offering insurance to their users exemplifies Mirror Protocol’s dedication to security and protecting their users.
About Mirror
Mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets). mAssets mimic the price behavior of real-world assets and give traders anywhere in the world open access to price exposure without the burdens of owning or transacting real assets.
About InsurAce
InsurAce.io Protocol is a Singapore based DeFi Insurance protocol that has quickly become the second-largest protocol in DeFi insurance. The INSUR token was released in February 2021 and has a circulating supply of 11 million INSUR tokens. There is a maximum release of 100 million INSUR Tokens which can be mined through staking on the protocol.
