What is InsurAce?
InsurAce is a decentralized insurance protocol designed to provide comprehensive risk protection services for DeFi users. It offers coverage against a wide range of risks, including smart contract vulnerabilities, stablecoin de-pegging, and other digital asset-related threats. InsurAce operates across multiple blockchain networks, including Ethereum, Binance Smart Chain, Polygon, and Avalanche, making it a versatile and accessible solution for DeFi participants.
InsurAce allows users to purchase insurance coverage for their digital assets, providing peace of mind and financial security in the event of unforeseen incidents. The platform's unique portfolio-based approach enables users to cover a basket of DeFi protocols, which helps to diversify risk and reduce premiums. This feature is particularly beneficial for users who have investments spread across multiple protocols and blockchain networks.