InsurAce Joined Forces with Tranchess
InsurAce is excited to announce the latest in a long list of great partnerships, Tranchess. Tranchess users will now have access to high-quality insurance services with affordable annual premiums.
After completing their thorough risk assessment on the Tranchess protocol and project, they are delighted to be able to offer an initial annual premium of 2.5% (0.2% per month!). They expect this capacity to sell out quickly and will be working closely with the Tranchess team to extend this capacity further.
“As we continue to drive growth, Tranchess continues to hold security as a top priority both through partnerships and internal feature developments. To provide our users with further protection, we are delighted to announce our partnership with InsurAce.io, a top DeFi insurance protocol. We believe InsurAce’s extensive DeFi insurance coverage can provide our users with added confidence to continue supporting Tranchess’ future growth. As our relationship with InsurAce blooms, we aim to catalyze our respective growth and build additional utility for our collective users.” Danny Chong, co-founder of Tranchess Protocol.
Tranchess has always been very conscious of security. They have conducted 3 audits from Certik and PeckShield, as well as a significant Bug Bounty program with ImmuneFi. They are delighted to add insurance from InsurAce.io as a part of these security measures for the Tranchess community.
But that’s not all of the good news. Tranchess will be making it as easy as possible for users to purchase insurance with InsurAce.io, with a link directly from the Tranchess dApp, users will be able to get a further 15% discount on their insurance premiums. These discounts will be rewarded to the users in $INSUR tokens.
“Tranchess is a fantastic project with exceptional growth. We are very privileged to be working with the Tranchess team in this partnership and expect to be able to grow to meet demand accordingly. As the teams work closely together, we look to extend the partnership further in the future. This partnership supports the InsurAce.io philosophy of builders supporting builders, and we are proud to protect Tranchess users against hackers looking to steal their assets.” Oliver Xie, Founder, InsurAce.io
About Tranchess
Tranchess is a yield enhancing asset tracker protocol with varied risk-return solutions. The concept of Tranchess was first incepted in early 2020 and was developed quickly into its current state. Inspired by tranche funds’ ability to satisfy users’ varying risk appetites, Tranchess aims to provide a different risk/return matrix out of a single main fund that tracks a specific underlying asset (e.g. BTC).
Tranchess’s vision is to empower users of DeFi with asset allocation flexibilities. They hope to be a long term solution for long term holders of crypto assets. Tranchess’s mission is to continuously expand their protocols to encompass more offerings for users; At the same time improve their accessibility to users by exploring new chains and crypto assets as underlying.
$CHESS
CHESS is the governance token of the Tranchess community.
You can harvest CHESS by staking Token QUEEN, BISHOP, and/or ROOK in the protocol. To find out more about how to stake your tokens, please check out the Tranchess How to Guides.
The total supply of CHESS tokens is 300M.
About InsurAce.io
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.
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