DeFi Insurance

The world is gradually turning towards crypto, unlike ever before, with the evolution of decentralized finance or DeFi. Decentralized finance promises a financial system with profound improvements such as limited dependency on centralized parties and improved efficiency. At the same time, the possibility of hacking attacks leading to the loss of DeFi assets has emerged as a formidable concern in recent times. This is where you would find DeFi insurance as a vital tool for protecting your digital assets. So, what is different in insurance for DeFi? How does it work?

The Staggering Growth of DeFi

Decentralized Finance or DeFi has the potential to shape the crypto world in new ways. As a matter of fact, the growth of DeFi in recent times has shown how the future of finance will depend a lot on decentralization. DeFi offers freedom from centralized intervention in finance alongside improving transparency and flexibility in accessing financial services. The total value of assets locked in DeFi protocols and solutions has exploded radically since the onset of 2020. 

Interestingly, the growth from $670 million to around $40 billion in one year set the jump at almost 6000%. As of now, the TVL of the whole DeFi ecosystem is somewhere around $255 billion. For a term that was coined in August 2018, DeFi has undoubtedly registered some astonishing growth numbers. However, the roads in DeFi are not as simple as they seem now. 

Dark Side of DeFi

The continuous growth of DeFi has also led to the rise in many types of vulnerabilities. DeFi solutions have been subjected to protocol exploits alongside hacks. In this case, decentralized finance insurance becomes a formidable priority for anyone interested in DeFi. Hacking attacks on 15 different DeFi platforms in 2020 resulted in a loss of around $120 million. Subsequently, the loss for DeFi due to hacks and scams amounted to almost $10 billion in 2021. 

You can notice that DeFi is an exciting yet unexplored dimension in crypto. The use of smart contracts and decentralized protocols increases the possibilities of hacks and exploits, resulting in more losses for users. For example, flash loan hacks can exploit vulnerabilities in the smart contracts for draining millions of dollars from liquidity pools. Therefore, DeFi users have confirmed the need for DeFi insurance to stay safe against capital losses. As a matter of fact, insurance in DeFi is one of the critical factors for widespread adoption of DeFi alongside awareness and regulation.

What is InsurAce (INSUR)?

InsurAce is a decentralized insurance protocol that aims to provide DeFi insurance services to DeFi users, with very low premiums and sustainable return on investment.


Highlights of InsurAce (INSUR)
The figure below shows an overview of how the project works:


nsurAce operates like a traditional insurance company, with two main segments: insurance and investment. The two will combine to create 4 characteristics as follows:

Extremely low insurance fees

Unique portfolio-based product design and pricing model to optimize insurance costs, coupled with sustainable return on investment, results in ultra-low premiums close to zero.

The products are very plentiful

Users interact with InsurAce via wallet (no KYC required). In addition, InsurAce’s coverage is cross-chain, providing flexible and accessible coverage for users.

Solvency Capital Requirement (SCR) mining

Insured people, insurance companies, and investors can participate in SCR mining (put risk assessment on Minimum Capital Requirement) to earn project tokens (INSUR) by staking into investment funds and insurance. dangerous.


Sustainable profit

Except for the aforementioned SCR mining rewards, investors will be able to obtain sustainable returns from the investment products offered by InsurAce.

Since launching in April 2021, InsurAce now deploys on Ethereum, Binance Smart Chain (BSC), and Polygon, and has built a full line of cross-chain insurance products, covering over 60 protocols, 4 CEX, and 1 IDO Platform running on Ethereum, Solana, BSC, Heco, Polygon, Fantom, Terra and xDai.

Information Token Insurance (INSURANCE)

Key Metrics Insurance

Token StandardGovernance, Unility
Token typeERC-20
Total Supply100,000,000 INSUR
Circulation supply8,070,036 INSUR

INSUR Token Allocations


INSUR Token Release Schedule

  • Team & Advisors: 5% unlocked at TGE, starting from the 3rd month after TGE will vest within 2 years.
  • Seed Round: 15% unlocked at TGE, starting from the 3rd month after TGE will vest for 2 years.
  • Strategic Round: 25% unlocked at TGE, starting from the 3rd month after TGE will vest within 2 years.

Token Release Schedule

  • Seed raised: 1,000,000$
  • Seed token for sale: 10,750,000 INSUR
  • Private raised: 3,000,000$
  • Private token for sale: 9,250,000 INSUR

INSUR Token Sale

Token Use Case

  • Mining reward: There will be an allocation (SCR mining) for miners.
  • Governance: INSUR holders have the right to vote to change the parameters and features of InsurAce.
  • Share fee: INSUR holders can receive the fee generated from the project through voting.
  • Community encouragement.

How to earn and own INSUR Token?

  • Liquidity mining: Users can participate in liquidity provision and Stake LP tokens to get INSUR with 30-50% APY.
  • In addition, users can buy on exchanges that support INSUR.

Roadmaps & Updates

Quarter 1 of 2021:

  • Launch of InsurAce v2.0, which includes DeFi Cross-chain protocols, improves deployment and investment planning, and continuously optimizes pricing models.
  • Research cooperation with other DeFi protocols.

2nd quarter of 2021

  • Launch of InsurAce v3.0, including insurance marketplace, continuous improvement to existing products and models, more collaboration with other DeFi protocols in the ecosystem

3rd quarter of 2021

  • Diversify product lines to cover more risk types, such as oracle crashes, asset fluctuations, flight delays, disasters, and more.
  • Research on integrating cross-chain technology with other public Blockchains.
  • Continuous improvement for platform operation and stock market expansion.





Similar projects:

  • Nexus Mutual
  • Cover Protocol

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