Bright Union is proudly partnering with InsurAce
Bright Union is proud to announce that it has recently partnered up with InsurAce, a Singapore-based DeFi insurance protocol. As the latest integration to our coverage aggregator, we look forward to collaborating with InsurAce to bring you the best of DeFi coverage through our App.
As the DeFi field matures and widespread adoption occurs, we can expect an increase in the sophistication and complexity of protocol integrations, resulting in more ways crypto attacks, hacks, and smart contract failures can occur.
There is an increasing demand among crypto users looking for ways to avoid risks evident in the market while enjoying an additional sense of security as they navigate the crypto space.
Going forward, together with our powerful partners, we are playing our part in improving access to various protocol coverage options and simplifying risk management for DeFi investors.
A Valuable Collaboration
Our most recent alliance with InsurAce means that DeFi users have access to even more coverage possibilities than before, directly through the Bright Union platform. This adequately attributes to our goal of building the world’s leading aggregator and accelerator for crypto risk markets.
With our successful integration, we are pleased to be able to display the unique covers InsurAce has to offer on our platform, providing you with all the benefits of taking out coverage directly from their website.
“InsurAce is the perfect attestation of the exponential growth potential of DeFi coverage: launched mainnet in May 2021, and having insured more than $70m in assets to date. At Bright Union we believe that further innovation is required to reach large scale adoption of DeFi coverage. Therefore, we are delighted to have partnered with InsurAce, an innovation powerhouse, being the first to offer multichain compatibility (ETH, BSC & Poly). We look forward to together bringing DeFi coverage to the next level aiming for mass adoption.” — Jorrit Kooi, CEO Bright Union
As a multi-chain coverage protocol, InsurAce.io allows cover purchases via Ethereum, Binance Smart chain, and Polygon. This is taking us one step closer to offering end users enriched coverage options at lowest costs. Their distinctive pricing model optimizes cover costs while allowing for sustainable returns for investors.
You can now easily access and compare over 70 insured protocols offered by InsurAce. Our collaboration with InsurAce adds value to crypto users across the globe as they can compare its cover options side-by-side with those of Nexus Mutual and Bridge Mutual. This enables users to gain deeper insight into additional crypto coverage possibilities, allowing them to select the most appropriate ones for the risks they wish to protect themselves against.
“We have seen huge adoption of marketplaces like this in traditional insurance sectors, and we believe that Bright Union will do the same for Crypto. It also allows us to directly show our highly competitive, great value range of insurance products to DeFi users who may not have found our project otherwise. Together we are working towards making DeFi a safer place for everyone.” — Oliver Xie, Founder, InsurAce.io
We’re thrilled to have the opportunity to play our part in InsurAce’s growth and add more customers to their platform. With this partnership, we’re allowing users to compare the different DeFi covers that InsurAce offers and other cover protocols. This collaboration gives you the freedom and efficiency of choosing among covers most appropriate for your risks, accessible from a single interface. We look forward to keeping you updated as our collaboration with InsurAce progresses.
InsurAce.io is a Singapore-based coverage protocol offering covers against hacks and smart contract failures for DeFi investors. They released their $INSUR token in February this year, followed by their mainnet launch to the Ethereum Network in April. After just five months, it now offers covers for more than 60 protocols on more than eight chains. InsurAce has quickly become the second-largest protocol in DeFi insurance. Designed as a protocol offering robust and carefree DeFi insurance solutions, InsurAce strategically positions itself by offering very low premiums and sustainable investment returns.
The InsurAce protocol is supported by dozens of top funds, including DeFiance Capital, Parafi Capital, Alameda Research, Hashkey group, Huobi DeFiLabs, Hashed, IOSG, and Signum Capital, to name a few.
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.
Buying DeFi covers has never been this straightforward. Bright Union provides the most comprehensive range of crypto insurance on the market at competitive prices. Furthermore, Bright Union will soon release its unique suite of cutting-edge risk solutions, providing investors with outstanding investment and coverage opportunities. Be Bright and take part in the growth of decentralized crypto coverage.
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