InsurAce Allied with Planet Finance

Mische Martinete — Wed, 04 May 2022 02:38:05 +0000

InsurAce allied with Planet Finance to offer leading Defi insurance services to Planet users via Smart Contract Cover, protecting users against hacks, exploits, and bugs.

Planet Finance is a decentralized financial protocol consisting of different planets, each with its own application, designed to enable anyone to freely activate their capital. Planet enables access to open, decentralized financial services.

The Planet community is on the endless hunt for the best Defi opportunities in the space. Planet either aggregates the best opportunity or creates it.

InsurAce is proud to be partnering with Planet to offer leading Defi insurance services to Planet users via Smart Contract Cover, protecting users against hacks, exploits and bugs. Users can use the BNB Chain on the InsurAce app to protect assets with the same wallet address in Planet or use its multichain services to use Ethereum, Polygon, or Avalanche at no extra cost.

“We’ve been admiring the growth of Planet for some time now and are pleased to be working closely with the team to help make crypto safer for everyone. We look forward to offering Planet investors the peace of mind when staking their assets into Planet so that they can maximize their returns safely”. — Oliver Xie, founder of InsurAce

Planet users can protect their assets via app.insurace.io for as little as 0.25% per month premium.

BRIEF INFORMATION ABOUT PLANET FINANCE TOKEN

Tokenomics

AQUA is a uniquely scarce cryptocurrency, designed to capture value & govern the planets
GAMMA is a utility token that will power Planet Finance for eternity.

The Planets

Blue Planet is your decentralized base, designed as an autonomous jump point to decentralized financial services.
Green Planet is the first decentralized lending protocol with discount levels. Powered by GAMMA.
Pink Planet is a unique marketplace giving artists the space to create, buy & sell digital assets.

Core Features

Vaults: One-click deposit & instantly earn a yield on your crypto
Pools: Provide liquidity to earn trade fees and GAMMA
Swap: Instantly swap cryptos using trustless liquidity pools
Lending: The first decentralized money market with discount levels

Fair Distribution, Tokenomics & What Makes Planet Unique

Planet is a yield-discovery protocol enabling anyone to create value for themselves using their crypto assets.
AQUA is a uniquely scarce, deflationary governance token with an absolute max supply of 100,000.
There was no “team token” allocation for AQUA.
AQUA fairly distributes over 200 days to vault stakers and liquidity providers
AQUA will continue to be bought & burned by the protocol forever, with on-chain, verifiable public records.
GAMMA airdropped to AQUA holders based on a verifiably-random snapshot, powered by Chainlink.
GAMMA is the incentive token on Planet. To see the full tokenomics overview go here.
GAMMA can be used to unlock discount levels & earn more GAMMA across the planets.

ABOUT Planet Finance
Planet is a decentralized financial protocol consisting of different planets, each their own application, designed to enable anyone to freely activate their capital. Planet enables access to open, decentralized financial services

Website | Twitter

ABOUT InsurAce
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.