Pangolin partners with InsurAce.io to bring decentralized insurance to Avalanche
Pangolin is proud to partner with InsurAce.io. InsurAce.io is a decentralized insurance protocol built to empower the risk protection infrastructure for the DeFi community.
InsurAce.io launched on Avalanche with its insurance platform. The platform currently supports the following: a cross-chain bridge for its $INSUR token, a trading pair on Pangolin Exchange, staking pool setups, and new protocol insurance offerings. Insurance for Avalanche protocols like Pangolin and BENQI will be offered once InsurAce.io has reached a sufficient level of liquidity on Avalanche. Once the insurance functions are enabled, users will be able to purchase covers, view cover records and submit claims where triggered.
Pangolin will support the InsurAce.io integration with Avalanche with an AVAX-INSUR farm. We also will add insurance offerings for the Pangolin platform through InsurAce.io’s insurance product. We are very excited that a leading decentralized insurance project like InsurAce.io is now available on the Avalanche network.
“Following our deployment on Avalanche last week, InsurAce.io will be looking to work with some of the strongest and best builders in the ecosystem, which is why we are delighted to partner with Pangolin. Together we can help to protect Avalanche users and secure their assets. This is our first L2 partnership on Avalanche, and it sets a very high standard for other partnerships to follow”
Oliver Xie, Founder, InsurAce.io
InsurAce.io Protocol is a Singapore-based DeFi Insurance protocol that has quickly become the second-largest protocol in DeFi insurance. The $INSUR token was released in February 2021, followed by a mainnet launch to the Ethereum Network in April 2021.
InsurAce.io is a decentralized insurance protocol, covering 60+ protocols on 8+ chains, built to empower the risk protection infrastructure for the DeFi community. InsurAce.io offers portfolio-based insurance products with optimized pricing models to substantially lower the cost, up to 60% lower than other protocols, simultaneously reducing gas fees by up to 50%.
About Pangolin Exchange
Pangolin Exchange is a top decentralized exchange (DEX) on the Avalanche Network that provides the best DEX experience through deep liquidity, easy swaps, advanced tooling, and smooth onboarding. Pangolin brings you the best trading opportunities to find and maximize your yield.