InsurAce Protocol Expressed:  “We are proud to announce that we have been awarded the Development Grant from Solana Foundation. We will use this grant to drive our development in the Solana ecosystem to bring our insurance products and service to the Solana projects and users.”

Insurance.io is one of the first insurance protocols to offer full-spectrum multi-chain insurance services within DeFi.  They have already provided coverage to projects such as Raydium and Serum on Solana.

They see Solana as the golden breeding place for blockchain innovations of the future.  They are dedicated to develop, grow and evolve with this ecosystem.

The proven record in building Insurace.io has laid a solid foundation for users to offer reliable, robust, and innovative insurance solutions to secure the ecosystem with their innovative efforts.

InsurAce is the leading decentralized insurance protocol, which provides reliable, robust, and secure DeFi insurance services to DeFi users.

InsurAce guarantees unbeatable portfolio premiums; however, it provides sustainable investment returns. They have a unique insurance product tailored for each project, from insuring smart contracts versus hacks through permitting users to secure their investments versus risks. The community is one of the best in the DeFi space, and it is a key element to success. They continue to innovate and improve for them.

ACCESSIBILITY ISSUE For DeFi:  High Premiums, KYC Limitations, Limited Capacity, Coverage of new DeFi protocols, Product Diversity, and Cross-chain Coverage.

UNDERLYING RISK for DeFi: Security of Insurance Protocols, Concentration Risk, Limited Capacity, Claim Assessment, Product Diversity, Operation/Credit/Market Risk Evaluation

CAPITAL INEFFICIENCY for DeFi:  Unsustainable Investment Return, Low Reserve Utilization, and Limited Diversification Opportunities

InsurAce.io currently has live product deployed on Ethereum and Binance Smart Chain (BSC).  It has built a full-spectrum cross-chain insurance product line, which covers for 50+ protocols, 4 CEX, and 1 IDO platform that is running on Ethereum, Solana, BSC, Heco, Polygon, Fantom, Terra, and Thor Chain.

They have to state that they respect all the DeFi insurance pioneers and do not consider themselves as a competitor to the existing players; however, as a necessary complementary role to the immense and expansive DeFi world.

Reportedly, Investors, insurers, and insured will benefit from the interactions between the investment and insurance arms at the platform level.  The insurance arm provides coverage to the investment arm.  The free capital in the insurance pool will be used for investment managed by the investment arm.  The investment yield will be returned to the insurance side to incentivize the insurers and insured.

There are easy opportunities to participate and make gains.