InsurAce.io Strategic Partnership with Tulip Protocol

InsurAce.io is delighted to confirm that they have agreed to an official partnership with the Tulip Protocol.

Tulip Protocol is the first yield aggregation platform built on Solana with auto-compounding vault strategies. The dApp is designed to take advantage of Solana’s low-cost, high-efficiency blockchain which allows the vault strategies to compound frequently.

As of the time of writing, Tulip offers three types of yield products; Vaults, Lending, and Leveraged Farming.

All vaults and code created on Tulip are experimental and this partnership is a large step towards reducing the risk attached.

Tulip has been listed on the InsurAce.io dApp, allowing users to protect their digital assets from smart contract vulnerabilities.

“Tulip Protocol is a fantastic project and this partnership further strengthens our insurance coverage on Solana. We’re delighted with the progress of Tulip and their commitment to protecting their users. We believe this is just the start of a very exciting future for both Tulip and ourselves.” Oliver Xie, Founder, InsurAce.io

About Tulip Protocol

Tulip is Solana’s yield aggregation homestead. The dApp (decentralized application) is designed to take advantage of Solana’s low-cost, high-efficiency blockchain; allowing the vault strategies to compound frequently. This benefits farmers with higher APYs, not requiring active management, and lower gas fees.

Tulip has also integrated leveraged yield farming & lending pools into the platform, providing an investment with suitable risk rewards for any DeFi user.

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About InsurAce.io

InsurAce.io is a decentralized multi-chain insurance protocol, 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; launches insurance investment functions with flexible underwriting mining programs to create sustainable returns for the participants, and provides coverage for cross-chain DeFi projects to benefit the whole ecosystem.

At the time of writing, InsurAce.io has provided coverage to 96+ protocols, safeguarding over $200M DeFi assets on 14+ public chains.

InsurAce.io is backed by DeFiance Capital, Parafi Capital, Alameda Research, Hashkey group, Huobi DeFiLabs, Hashed, IOSG, Signum Capital, LongHash Ventures and a dozen of other top funds.

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