What is InsurRace.io?
InsurAce.io is a top notch decentralized multi-chain crypto insurance protocol launched in 2021, it provides robust and secure DeFi insurance services to the DeFi users. The platform not only guarantees low portfolio premiums but also offers sustainable investment returns. The platform has covered assets valued over $340M.
InsurAce.io positions itself in a necessary complementary role to the immense and expansive DeFi world rather than as a challenger.
Unlike the single protocol-based insurance coverage of other insurance platforms, InsurAce.io offers a unique portfolio-based crypto insurance product to enable coverage of a basket of DeFi protocols, which creates a diversified risk management tool for DeFi investors.
Furthermore, InsurAce.io offers products that cover non-Ethereum DeFi protocols to benefit the decentralized space as a whole.
InsurAce.io built a full-spectrum cross-chain insurance product line, providing coverage to 12 chains and expanding to more constantly. Insurance.io offers its users protections against smart contract vulnerability, custodian risk, IDO event risk and stablecoin de-peg risk currently, it promises more insurance products will be offered upcoming, such as NFT insurance, cross-chain bridge cover, etc.
Also, the platform offers portfolio-based and bundled covers with unique pricing strategies, which help to save up to 60% on premiums and 50% on gas fees. Such an approach allows users to insure all of their DeFi assets in one stop, rather than through multiple protocols and multiple transactions.
All activities and transactions are on-chain with data published and visualized within the application. The claim process is uniquely designed to align the interests of stakeholders, ensuring a fair and transparent claim process to protect the policy holders.
What problem does Insurace.io solve?
Decentralized finance has helped a lot of people gain control over where their money is and how it's used.
The problem, unfortunately, is that DeFi is a relatively new concept.
And as with any new development, there's always the chance of missteps and errors. They could be in the smart contract a protocol uses, or something unexpected like a stablecoin depegging.
the reason is less important than the effect.
When something like this happens, average users who invested in certain assets in good fait, can lose their money.
And unlike when your bank makes an error, there's often little to no recourse. That money and the assets you've lost are simply gone.
That is, unless you have good crypto insurance. Something companies like Insurace.io offer.
With insurace.io you're able to insure your crypto portfolio in case of an event that costs you your money.
Insurace.io covers multiple different types of crypto against multiple types of problems.
In addition, they also offer an investment platform to help users get a better return on their assets.
Is Insurace.io legit?
Yes. We believe that Insurace.io is legit.
however, this is not financial advice nor an endorsement of their service. You should make sure to complete your own due diligence on any project, investment, or service you use when it involves sums of money.
How to get started with Insurace.io
Head to the Insurace.io website and click on "WebApp" in the top nav bar.
From there, you'll see the below page asking you to link your wallet.
Sync your wallet and you'll find yourself on the Insurace.io dashboard.
From here you have multiple options including crypto rewards and crypto insurance cover.
Choose the prompt that best describes what you want to do and follow the prompts to complete the Insurace.io setup.
Insurace.io contact details
You can contact the Insurace.io team through their website or through the below channels.