DeFi Insurance For Elrond Smart Contracts Via InsuraAce Protoc | ElrondNetwork - Announcements

DeFi Insurance For Elrond Smart Contracts Via InsuraAce Protocol

InsurAce offers insurance for DeFi products. Its users are protected against smart contract vulnerabilities resulting from bugs or hacks and are applicable for decentralized exchanges, AMM swaps, liquidity pools, or even Initial Decentralized Offerings (IDOs).

Our collaboration will focus on integrating the Elrond mainnet into InsurAce Multi-chain v2.0, which will enable users to buy protection against unforeseen events happening on DeFi products deployed on the Elrond Network.

“Yields from DeFi products have been consistently outperforming their centralized peers, partly because of their greater efficiency, but mainly because of the higher associated risks. Tools for offsetting them, such as coverage from the InsurAce Protocol, will be a powerful catalyst for increased adoption amongst institutions and actors with reduced risk tolerance” said Beniamin Mincu, Elrond Network CEO.

Read more: https://elrond.com/blog/smart-contract-insurace-protocol

Retweet: https://twitter.com/beniaminmincu/status/1397191867079528457