InsurAce.io Strategic Partnership With QiDao
InsurAce.io and QiDao are pleased to announce their new partnership, collaborating on future projects and protecting users’ assets.
QiDao is a protocol that allows users to hold their crypto while still being able to spend its value. Users are able to borrow stablecoins at 0% interest without needing to sell their crypto holdings.
As a community-driven protocol, $Qi holders vote on any changes or proposals requested.
Users log onto Mai Finance, the front-end dashboard of QiDao, to hold onto their crypto value, receive 0% interest loans and leverage their crypto positions. In short, QiDao enables users to be their own banks.
Due to their stringent stance on security, the team at QiDao have already undertaken 2 successful audits.
Initially with Brama Systems which can be found here: Audit 1
And, more recently, with Cloakwire: Audit 2
Now, QiDAO/Mai Finance users can protect the assets that they hold within the platform, through InsurAce.io and their Smart Contract Vulnerability insurance cover. Protection is available on 5 major networks: Fantom, Polygon, Avalanche, Moonriver and Harmony.
Users can purchase their insurance cover via the InsurAce.io dApp: app.insurace.io
About QiDao
QiDao is an overcollateralized stablecoin protocol; it is not an algorithmic stablecoin. They took inspiration from different stablecoin protocols as well as their community to help build the superior protocol they have today, combining the best of both worlds.
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.
