InsurAce Cemented A Partnership with Liquity

InsurAce.io is proud to be partners with Liquity and offer Liquity users insurance services to protect them against smart contract hacks and bugs. Liquity has been listed on the InsurAce.io dApp with an initial annual premium price of 2.5%, and an initial capacity of $2.6m which we expect to sell out quickly. Liquity will be making this process as easy as possible for their users by providing a direct link to the InsurAce.io dApp. This link will also enable users to receive a 5% reward on their insurance purchases.

“It is projects like Liquity that are the reason we are here to provide insurance to the DeFi sector. Interest-free borrowing is the future of DeFi borrowing and we are proud to be along for the ride as an official insurance provider.” Oliver Xie, Founder, InsurAce.io

Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD — a USD pegged stablecoin, and need to maintain a minimum collateral ratio of only 110%.

“As Liquity continues to grow it’s important that our users can get coverage and feel extra safe in their positions. We’re excited that InsurAce is confident enough in Liquity’s security to add support for the protocol”. Liquity CEO and Founder, Robert Lauko.

As the partnership develops they will look to increase capacity through co-staking, token swaps, as well as increasing their insurance offering with Liquity to cover De-Peg insurance of the $LUSD.

ABOUT Liquity
Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD — a USD pegged stablecoin, and need to maintain a minimum collateral ratio of only 110%.

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, followed by a mainnet launch to the Ethereum Network in April 2021. InsurAce.io is a decentralized insurance protocol, covering 60+ protocols on 8+ chains, built to empower the risk protection infrastructure for the DeFi community. InsurAce.io offers portfolio-based insurance products with optimized pricing models to substantially lower the cost, up to 60% lower than other protocols, simultaneously reducing gas fees by up to 50%.

RESOURCES
blog.insurace.io