Bright Union is live on Avalanche
DeFi investors can now transact on the Avalanche ecosystem when covering their digital assets against hacks, scams and protocol failures.
After launching mainnet on Ethereum in September, and branching out to BSC and Polygon in October, we are proud to announce we are now live on Avalanche!
Avalanche is a platform which enables people and enterprises around the world to build decentralized solutions at scale. With this deployment, we make it easier for Avalanche users to secure themselves against hacks and protocol failures, and contribute to the safety of the Avalanche ecosystem as a whole. Integrating another public chain ecosystem to the Bright Union platform will broaden the market for DeFi coverage and will make risk management more accessible for the crypto community.
Integrating Avalanche was a milestone on our roadmap which we are proud to have hit! The available covers on Avalanche are brought to you by our risk partner, InsurAce, they are the first insurance protocol to offer multi-chain DeFi coverage options and risk protection for various blockchains. Next up for the dev team is to deploy the Bright Risk Index on Avalanche. Aside from decreasing the transaction costs, the high APY’s on the Avalanche underwriting mining pools can be a huge opportunity and have positive effect on the BRI staking rewards.
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and eco-friendly.
About Bright Union
Bright Union is the world-leading multi-chain decentralized finance cover marketplace. Our mission is to safeguard your digital assets from hacks, smart contract failures, and rug pulls by empowering the crypto community to cover one another in a decentralized and permissionless manner.
Bright Union provides the most comprehensive range of crypto insurance on the market at competitive prices. Furthermore, Bright Union developed the Bright Risk Index, the easiest, safest, and most diversified way to act as an “insurer” in the DeFi cover industry while earning attractive returns. Be bright and take advantage of DeFi’s exponential growth.
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