About InsurAce (INSUR)
InsurAce (INSUR) is the leading decentralized multi-chain insurance protocol, providing reliable, robust and secure DeFi insurance services to the DeFi users. InsurAce.io not only guarantees unbeatable portfolio premiums but also offers sustainable investment returns. InsurAce.io positions itself as a necessary complementary role to the immense and expansive DeFi world rather than a challenger.
InsurAce.io is a leading decentralized multi-chain insurance protocol, providing reliable, robust and secure insurance services to DeFi users, allowing them to secure their investment funds against various risks.
InsurAce (INSUR) Storage Key Points
|Circulating Supply||11,266,626.49 INSUR|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Chat||Click Here To Visit|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
To answer the strong market demand and fill the market gap in portfolio protection, the team introduces this Defi insurance protocol which marries portfolio-based insurance with investment products, which further evolved into an ecosystem with four unique selling proposition of the InsurAce: “0” Premium, Enriched Product Line, SCR Mining and Sustainable Return.
InsurAce.io reduces the premium for the insurance product by design. The team designs the portfolio-centric products to embrace risk diversification. They have also developed unique pricing models to optimize the cover cost leveraging advisors’ expertise in the insurance domain. Furthermore, the investment utilities complement the cover cost to offer ultra-low premium, which is close to Zero at its best.
Unlike the single protocol-based insurance coverage in Nexus Mutual, InsurAce.io uniquely offers a portfolio-based insurance product to enable coverage on a basket of DeFi protocols, which creates a diversified risk management tool for DeFi investors.
Despite the fact Ethereum is the dominating public blockchain for DeFi protocols, other public blockchains also step in with successful DeFi projects. InsurAce.io offers products to cover those non-Ethereum DeFi protocols to benefit the decentralized space as a whole.
InsurAce.io plans to expand the product accessibility to a broader audience by removing the KYC process. Anyone with a digital wallet can connect with the platform and fairly use the services such as buying cover, staking asset, making claims, and more.
InsurAce.io has a distinctive featured SCR mining program. The participants earn InsurAce.io Token (INSUR) by staking into the liquidity pool. The mutual capitals injected through staking will be managed with rigorous risk control models to adjust the Solvency Capital Requirement (SCR) dynamically and use the secured free capital for investment, whereas control the mining speed accordingly.
Besides the above features as the core competencies, InsurAce.io will continuously refine processes to better cater to customer needs, such as:
- Handle claim assessment quantitatively instead of simple Accept or Reject
- Provide extension, incremental, or transfer capabilities to existing covers
- Collaborate with other DeFi protocols to form an ecosystem to provide cross insurance, insurance syndication, and more
- Expand coverage to more specific risk types such as oracle malfunction, asset volatility, flight delay, disaster, and more
InsurAce.io provides two interoperable function arms similar to the traditional insurance company: the insurance arm and the investment arm. The insurance arm maintains reserve pools which maintain the solvency for claim coverage based on risk exposure.
The investment arm maintains investment pools that generate carry to subsidize claims and attracts investor with risk appetite. The free capital in the insurance capital pool can be placed into the investment pool to gain a higher yield.
While the insurance arm will protect the investment activities. Meanwhile, the investment arm’s yield will complement the premium on the insurance side and reduce the cover cost for customers.