InsureDAO updates June 2022
Hi Insurenauts!
June was a month of great breakthroughs for InsureDAO. We partnered with four protocols (Hats Finance, Algem, Synthetix, and Arthswap), deployed on two networks (Optimism and Astar Network), and listed on MEXC Global. These great achievements reached a wider audience and leads to the purchase of insurance.
In addition, as we expand the InsureDAO community, we have recruited new engineers for ensuring the quality and speed of development.
It was a month that brought us one step closer to achieving our ideal goal, let’s make DeFi safer!!
Announcement
June. 23th: new partnership with Hats Finance
June. 27th: new partnership with Algem
July 6th: snapshot voting for the launch on optimism has successfully passed
July 6th: finished engineer recruitment and succeeded to hire two engineers
July 6th: launched on Optimism
July 6th: announced the Roadmap on Optimism
July 6th: partnership announcement with Synthetix
July 6th: cost cashback campaign on Optimism
July 7th: listed on MEXC
July 7th: partnership with Arthswap
July 10th: AMA with Arthswap
July 10th: launched on Astar Network
Juy 15th: removed the max capacity for each insurance purchase
Development
・multi chain
Optimism:
InsureDAO was launched on Optimism Network on 5th of July. As a first insurance protocol on optimism, we are aiming to provide a safety net for protocols and users in the Optimism ecosystem. You can jump from the link below.
https://app.insuredao.fi/optimism
All the details about Optimism including guide, partnership, and roadmap can be found in the article below. Read this and let’s start to experience the InsureDAO on Optimism!
AstarNetwork:
On July 10th, InsureDAO was launched on Astar Network. InsureDAO is aiming to provide a safety net for protocols and users in Astar Network. We believe that we could help the upcoming projects to lower the risks, and accelerate the project launch on Astar. You can try our service from the link below.
https://app.insuredao.fi/astar
The article below contains various contents such as what users can do, why insuredao chose AstarNetwork, and future roadmap. Read this and get started with InsureDAO on AstarNetwork!
・Mainnet
In order to bring the gauge vote function to multi chain, we are developing a bridge function for INSURE tokens and a boost calculator as well. Currently we are focusing on multi-chain deployment, but are also improving the mainnet to get the best restart of the underwrite function.
・recruitment for engineer
We appreciate all who applied to our job recruitment for engineers. Now, we have closed the application and welcomed two engineers to our development team.
From now on, InsureDAO will grow even wider and faster, so please stay tuned with us!
・DeFi Llama
We have developed an adapter that links l information to DeFi Llama. The TVL date and time transition are reflected, so please check it!
https://defillama.com/protocol/insuredao
Business Development
・partnership
We are very happy to report that we were able to being a partner with four great protocols in June. We are pleased to supply safety to each chain!
Hats.finance is a decentralized bug bounty protocol. We share the same goal to increase the security of Web3 by providing the security tools in a decentralised way and this partnership is the first step of reaching to our ideal goal. For more detail, please check the link below.
Algem is a native liquid staking DeFi dApp on top of Astar Network. Users can purchase insurance of Algem provided by InsureDAO and Algem team. For more detail, please check the link below.
Synthetix is the largest protocol on Optimism and its derivatives are used on many DeFi protocols. For this collaboration, InsureDAO created an insurance pool covering Synthetix. Also, InsureDAO deposited underwriting liquidity of $100k into the pool at the launch, in order to bootstrap our Optimism launch. For more detail, please check the link below.
Arthswap is a leading DEX on Astar Network. With simple UI and design for High APY, it enables High-Frequency Trade on Astar Network. InsureDAO can accelarate the project even more by underwriting the contract risks and providing the sense of security to users. For more detail, please check the link below.
・Listing on CEX
On July 7th, We listed $INSURE token on MEXC Global , one of the leading crypto exchang. MEXC Global is a digital asset trading platform with over 7 million users, which offers users one-stop services including spot, margin, leveraged ETFs, derivatives trading and staking services.
The listing of INSURE/USDT will help make InsureDAO’s product, smart contract hacking insurance more accessible while expanding the potential audience for the platform, helping drive greater adoption. Moreover, the organization intends to continue pursuing new strategic partners to continue strengthening the entire protocol.
・Community management
To incentivise the core INSURE user, we created new private channel named #holders lounge. If you’re holding 500 or more $INSURE you’re now be able to gain access to our Exclusive role called Certified Insuranauts. You’ll be able to join our Exclusive Holders Lounge wheres you can expect us giving you an opportunity to share thoughts & ideas with partnership, multichain delegation, protocol ideas, etc. You can get this rolle at #holder-verify. Let’s make DeFi safer with your ideas!
About InsureDAO
InsureDAO is a decentralized insurance protocol, allowing anyone to create an insurance pool easily to “Cover every single risk in DeFi space”. InsureDAO provides an insurance builder kit and insurance market. Additionally, we will offer the lending function to INSURE token stakers.
If you are interested in learning more, check out our LP.
Also, you can join us on Twitter, Discord, or Telegram! :)
Twitter: https://twitter.com/insuredao
Discord: discord.gg/8BA5f5rurq
Telegram: https://t.me/InsureDAO
