UnoRe Is Coming To Polkacover Ecosystem After Their Strategic Partnership Signed Up
Our mission never ends, eve at weekends. We aren’t tired to do more research to serve our community. Today we bring this exciting news about the partnership between UnoRe and PolkaCover.
UnoRe is the first decentralized reinsurance platform powered by Polkadot.The platform will break barriers to entry for the retail investor by doing away with the historic pre-requisite of absurdly high capital generally needed to invest into the market. It will also allow the community to propose innovative insurance products to the space.
The world’s first risk trading reinsurance platform UnoRe have signed a strategic partnership with PolkaCover, the first DeFi insurance marketplace for the global crypto ecosystem.
The partnership will give user an opportunity to invest in different risk pools behind the various insurance products offered by PolkaCover.
PolkaCover’s risks will be covered in an XOL (excess of loss) model on UnoRe’s platform for Innovators so as to minimize the probability of UnoRe’s risk pools being dipped into, thus granting platform investors maximum security on their investments.
UnoRe CEO simplifies the partnership by stating:
“We are thrilled to be partnering up with PolkaCover, a first-of-its-kind DeFi insurance marketplace for the global crypto ecosystem. This partnership will not only allow great progress in what is essentially the next big step towards the overall growth of the De-fi reinsurance market, but also be instrumental in launching the next generation of novel crypto-insurance products built with the needs of the community in mind.”– Jaskanwar Singh, CEO of UnoRe
PolkaCover has also signed up to be an investor on the platform, having invested in the R1 Risk Pool of their products
ABOUT UnoRe
UnoRe will be the world’s first decentralized reinsurance platform powered by Polkadot which will allow the community to invest and trade in ‘risk’ and receiving sizable returns on their investments in one of the safest asset classes in the world.
ABOUT PolkaCover
PolkaCover is the First DeFi insurance marketplace for the global crypto ecosystem. It aims to lower transactional and administrative costs of insurance policies and coverage while providing high value, cost-effective insurance products for the crypto world.
USEFUL LINKS:
