Community Trust ScoreVerified
Insurance Protocol expressed: We’re Now Live On @avalancheavax. As of 9am EST this morning we have deployed onto the Avalanche Network, offering staking and insurance services.
Insurance Protocol is catching up because it is about Insure your DeFi Journey. Reportedly, 80B of TVL in DeFi, but less than 2% is covered by insurance.
For clarity, InsurAce is the leading decentralized insurance protocol, providing reliable, robust and secure DeFi insurance services to the DeFi users. InsurAce not only guarantees unbeatable portfolio premiums but also offers sustainable investment returns. We have a unique insurance product, tailored just for your project. From insuring your smart contract against hacks to allowing users to secure their investments against risks. Our community is one of the best in the DeFi space and is a key element to our success. We continue to innovate and improve for them.
There are Defi Insurance available already, but the following are the challenges: High Premiums, KYC Limitations, Limited Capacity, Coverage of new DeFi protocols, Product Diversity, and Cross-chain Coverage.
Underlying risk, Security of Insurance Protocols, Concentration Risk, Limited Capacity, Claim Assessment, Product Diversity, and Operation/Credit/Market Risk Evaluation.
Capital Efficiency Unsustainable Investment Return, Low Reserve Utilization, and Limited Diversification Opportunities.
The Unique Value Creations facilitated by Insurance are, Portfolio-based product design and unique pricing model to optimize cover cost, together with sustainable investment returns, achieving ultra-low premium close to “0”.
Wallet-based accessibility (No KYC), portfolio-based product design, cross-chain protocols coverage, providing flexible and easily accessible insurance protection to end users.
The insured, insurer and investors are able to participate in the liquidity mining program to earn the InsurAce Token (INSUR) by staking into the insurance and investment pool. It will drastically increase the capital pool, cover capacity, investable capital and further reduce the insurance premium.
In addition to SCR Mining rewards, investors will be able to gain sustainable returns from investment products offered by InsurAce.
Otherwise, Emin Gun Sirer expressed: Avalanche is slightly different: – risk-on because it’s the latest tech within blockchains – inflation hedge because fixed supply – bet on blockchains being integrated into/taking over TradFi.
Community response: Currently, no roadmap to compete even with 2022 tech, let alone 2023+ very low community traction (you compare it with one of the big two here) Or do we only do the information that make people buy the coin?
The best of all, is that half of your investments will not be wasted in expensive gas fees, unlike other blockchains that we already know.
You have said before you were working on a way to avoid or lessen the impact of cycle drops for Avax, any thought’s?
I think we need more validators professor, in network densities, the system slowing down unusually.
Bet on blockchain gaming and NFT integration being the norm for games.
Gold is a precious metal, but it’s the price that makes it valuable.
