mStable is excited to announce our insurance partnership with InsurAce Protocol, a leading decentralized insurance protocol providing reliable, robust and secure DeFi insurance services to the DeFi users.
InsurAce has protected more than 40 protocols in total with its cross-chain portfolio-based covers, unbeatable premiums and participation rewards.
Users will now be able to insure their mAssets through the InsurAce dApp against smart contract risks, hacks and bugs.
InsurAce will also create a pool to accept mUSD as a staking asset, which will expand the use cases for mUSD.
Users of mStable will have a premium discount of 20% if purchased in the next 90 days (Until 15th September 2021).
The partnership with InsurAce reinforces mStable’s commitment to security and safety for a greater peace of mind when interacting with smart contracts. We look forward to collaborating with protocols that share the same vision to make DeFi safer for all.
About InsurAce
InsurAce Protocol is a Singapore based DeFi Insurance protocol that has quickly become the second-largest protocol in DeFi insurance. At the time of writing, the protocol has a $40 million market cap based on a circulating supply of 11 million INSUR tokens. There is a maximum release of 100 million INSUR Tokens which can be mined through staking on the protocol.
InsurAce is a new decentralized insurance protocol, to empower the risk protection infrastructure for the DeFi community. InsurAce offers portfolio-based insurance products with optimized pricing models to substantially lower the cost; launches insurance investment functions with SCR mining programs to create sustainable returns for the participants, and provide coverage for cross-chain DeFi projects to benefit the whole ecosystem.
InsurAce is backed by DeFiance Capital, Parafi Capital, Hashkey group, Huobi DeFiLabs, Hashed, IOSG, Signum Capital and a dozen of other top funds. In the three months since its first testnest was released, several high profile partnerships have been established. Information to be released in separate releases.
