Hello, and welcome to our AMA session, one of our first over voice on discord, and the first one with our new Director of Marketing and Business Development. We’ve got some great questions, but please feel free to send us any more as we go along. Oliver Xie, founder of InsurAce
Let’s get started…
AMA transcript 29th April 2021
INSUR Needs more partnerships with other project and cross- chain with BSC
We are constantly working on partnerships, and have a BSC protocol coming out soon so that we can offer our services to BSC tokens and protocols. …
Dear InsurAce Community & Investors,
As you probably have seen our announcement on Wednesday 21 April, we are going to launch our Ethereum Mainnet on Monday 26 April 2021. The staking for the insurance pool will start at 14:00 UTC (22:00 SGT) and insurance services will be enabled once the TVL hits 5M USD.
For more details, kindly refer to this medium post.
We have come a long way to get here, which we could not have achieved without your past support. To ensure a smooth mainnet launch, I would like to seek your help again in possible ways below.
InsurAce is scheduled to launch to Ethreum mainnet on 26 April 2021, and start the staking service from 14:00 UTC onwards. This is a user guide on how to farm on the InsurAce protocol at its launch.
Risk Reminder: Unlike staking on other types of DeFi protocols, insurance protocol staking has more risks which may cause loss to your staked assets. Please read the following documents in our documentation before making your stakings.
Once you have read all the settings and understand the risks, but still decide to participate in…
Uniswap v3 introduces a few features that would benefit the whole decentralized finance marketplace including InsurAce, and the DeFi insurance community.
In Uniswap v3, LP’s can concentrate their capital within custom price ranges, providing greater amounts of liquidity at desired prices.
This can help to increase the efficiency of InsurAce liquidity providers, LPs can provide more liquidity with specific price ranges and earn higher returns.
2. Range Order
LPs can deposit a single token in a custom price range above or below the current price: If the market price enters into their specified range, they sell one asset…
We are excited to share that InsurAce is partnering up with Alpha Finance to insure their Alpha Homora liquidity pools and yield farms. For a low premium, DeFi customers will be able to insure their stakes in Alpha Homora against smart contract breaches and other critical risks. Insuring through InsurAce also rewards customers with the native $INSUR token.
From this week onwards, InsurAce will start to publish the biweekly report to our community. Kindly find out below a brief summary of what we have achieved during the past 2 weeks.
Product and Technology
Marketing and Business Development
Announcing our strategic partnership between Litentry & InsurAce, both teams will be working together to explore the application of decentralized identity technologies in the decentralized insurance use cases.
Although DeFi insurance leveraging on the blockchain technology has proven to be effective and useful, it can be further improved if more identity information can be applied to tackle some of the challenges.
Challenges in decentralized insurance protocol
Although blockchain technology can prevent the identity profile from being monitored. Its pseudo-anonymous nature creates additional issues which compromise user’s experience and fail to meet legal requirements.
After just one hour of launching their mainnet, InsurAce, the DeFi insurance protocol, hit its minimum stake requirements to commence providing insurance services. The InsurAce community staked $5 million in the first hour, equivalent to 25% of the protocol’s initial staking cap. After 12 hours, this had reached 50% of the $20 million target.
This triggered the launch of InsurAce’s insurance services within 24 hours of the mainnet launch, and by doing so, InsurAce becomes the second-largest live DeFi insurance protocol by market cap (as of 27th April at 12pm EST, according to CoinGecko).
Initially, InsurAce will provide cover for…
Leading DeFi insurance protocol InsurAce (www.insurace.io) has expanded its team in recent months to build on its existing core team of developers. Most notably InsurAce has secured Dan Thomson as its new Director of Business Development & Marketing.
Dan has a diverse background in between finance and the hospitality industry with a host of startup businesses under his belt. He has been involved in cryptocurrencies since 2015 and launched a cryptocurrency index fund in Gibraltar in 2017. He brings his expertise in multi-platform marketing and a wealth of connections to help the InsurAce protocol become the industry leader in DeFi…
We are excited to share that InsurAce is partnering up with dHEDGE to insure their smart contract liquidity pools as well as offer insurance to investors of dHEDGE to provide additional reassurance in their protocol. At the same time, InsurAce will be investing a portion of its investment pool with dHEDGE to cement this mutual partnership.
InsurAce is a decentralized insurance protocol that provides reliable and affordable DeFi insurance services to DeFi users with sustainable investment returns. …
InsurAce, Insure Your DeFi Journey