This follows their partnerships with Trias, Bloktopia, Age of Tanks, and more, thus reinforcing Uno Re’s commitment to empowering the next financial chapter of Defi.

Horde is an innovative symbiosis between a zero membership DaaS with stablecoin protocols and an in-development P2E zombie defense game, all integrated into a feeless ecosystem.

Since they launched their mission to bring forth a paradigm shift in DeFi insurance, they have remained committed to expanding the range of insurance solutions that Uno Re can offer the DeFi ecosystem. In pursuing this commitment, Uno Re is pleased to announce that they have partnered with Horde to provide $1M depeg coverage to their BUSD reserves..

As they saw earlier in the year with UST, stablecoins run the risk of losing their pegs to their reference assets (in this case the US Dollar). In May, the UST depeg wiped out about $40 billion in funds.

In accordance with standard industry practices, Horde, like every other DeFi protocol, holds cash reserves to meet all expected and unexpected costs in the short run, as well as to finance potential investments. However, for most protocols like Horde, the risk of stablecoin depegging is a real and foreseeable one that can incur a massive loss of cash reserve value.

The need to forestall any catastrophic consequences of a depeg is essential. But more importantly, the need to provide a safety net for the smooth running of such a protocol that enables the growth of the DeFi sphere is crucial — which is why Uno Re is delighted to provide $1 million in coverage to reimburse any loss of cash reserve value.

This collaboration will be a constantly expanding one — in the future, HordeGames is looking to launch its own DEX, and Uno Re looks forward to exploring opportunities to safeguard users on this newer venture as well.

About Uno Re

Uno Re is the world’s first decentralised insurance and reinsurance platform, allowing the community to invest and trade in ‘risk’ and receive sizable returns on their investments in one of the safest asset classes in the world. They have over $3.7M in active coverage across various crypto protocols and have underwritten risk for over 100 protocols on its B2C Insurance Sales dApp — The Cover Portal.

Website | Twitter

About Horde

HORDE is a new approach to a DaaS protocol, paying daily rewards which will be stabilized in a liquidity management system. HORDE seeks to offer long-term returns through daily rewards on Plots purchased with HORDE tokens.

Website | Twitter

SOURCE

https://medium.com/@uno.reinsure/uno-re-partners-with-horde-to-provide-1m-busd-depeg-coverage-72952133e35d

REQUEST AN ARTICLE

The post Uno Re Partnership with Horde appeared first on Smart Liquidity Research.

Chainlink is the industry-standard decentralized oracle network that connects blockchains to real-world data and systems, allowing for the creation of fully-featured smart contracts. They are used by a multitude of Web2 and Web3 projects due to its battle-tested infrastructure and high standard of security. As HORDE announced its integration with Chainlink Keepers.

Chainlink Keepers

Chainlink Keepers is a decentralized automation service that enables developers to automate any smart contract function. With Chainlink Keepers integrated into the LMS smart contract, the fees from LMS projects can be automatically sent from the respective projects to HORDE’s multisig wallet, making the fee collection process automatic, cost-efficient, and scalable.

They chose Chainlink Keepers because it provides several key advantages, including:

• Decentralized Execution 
• Increased Efficiency
• Enhanced Security
• Reduced Costs

What is HORDE LMS?

The most significant feature of HORDE has been its Liquidity Manager (LM). The LM works to keep the price of the HORDE token in a predefined range, which has a dual purpose. It primarily keeps rewards values consistent so users’ rewards may hold their value over time. The LM also aims to prevent market volatility.

­

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Their oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

Website | Twitter

­

The post HORDE Integration with Chainlink Keepers appeared first on Smart Liquidity Research.