INS3 Set to Join Polygon Network

INS3 officially launch on POLYGON at 07:00am UTC on September 2th. 

According to INS3 DeFi is still a young sector within crypto technology. The biggest issue facing DeFi platforms right now revolves around security. How can users feel secure in their investment into various DeFi markets. In addition to that, how can the continued growth of DeFi help to smooth out issues of safety and functionality.

An example: because of the number of persnickety hacks that took place within the decentralized finance sector in 2020, users and observers of the market began to create decentralized insurance options for users, to better help protect them against hacks, theft, smart contract issues and more. Companies like Nexus, Cover and INS3 have risen as legitimate coverage for DeFi users, helping them to protect themselves against the above vulnerabilities. At the same time, these companies are adjusting and evolving to keep up with the changing nature of hacks and theft on DeFi, realizing the weak spots in the DeFi armor and covering over them.

In essence, the issue that DeFi now faces, in light of this monumental hack on Polygon Network, will force innovators and token providers in the sector to shore up the vulnerabilities that have been exposed throughout this year and last year.

Now INS3 is preparing to launch on Polygon Network. While they discussed the benefit of using INS3 as your DeFi insurer before, they’re worth reiterating here. INS3 uses Oracle and User Game Theory to provide users with a fair way of verifying their insurance claims. Not only that, but INS3’s place on the Polygon Network allows users to insure across a range of platforms, like Ethereum, Binance Smart Chain, Conflux and more. Finally, INS3 gives users a range of different coverage options, also users to cover loans, DeFi, stablecoins and more.

Currently INS3 are in discussions with a variety of partners on Polygon Network. Keep your eyes peeled for more information and updates on these developments.

SOURCE: https://medium.com/ins3/ins3-set-to-join-polygon-network-725bce295c2b