In the latest in a lineup of great partnerships, InsurAce.io is proud to announce a new partnership with Mushrooms Finance, offering insurance services to the users of Mushrooms to protect their DeFi assets.
Mushrooms Finance is a crypto earning vault focussed on seeking sustainable profit in the DeFi universe.
The first version of the Mushrooms Finance smart contracts were inspired by other popular DeFi projects like Yearn Finance (YFI) and Sushiswap among many others. Mushrooms Finance Vaults help you earn passive profit on crypto assets like WETH/WBTC/DAI/USDC, etc.
Users of Mushrooms.finance can now purchase insurance via app.insurace.io for a low annual premium of 4.48%. They can select the amount of coverage they wish to purchase via the app, and for the length of time they wish the protection to be in place.
The team behind Mushrooms have committed to purchase $400,000 of cover to further protect the protocol and its users in the event of an attack.
“We are so delighted and proud to collaborate with InsurAce.io. Huge thanks to InsurAceio team for all the support. Mushrooms always want to shield our users against potential risk in DeFi. Security is always №1 top priority on our mind. Partnering with a leading insurance protocol like InsurAce.io would definitely help us to achieve this goal. We believe this partnership will help our users to safely invest crypto and earn profit in DeFi Universe and gain protection in event of unforeseeable risks.” Mando from Mushrooms
“Mushrooms is a great yield vault, offering its users high returns on some great assets. We are pleased to be able to offer insurance to Mushrooms users and protect their crypto gains via our insurance services at InsurAce.io. Furthermore, it is fantastic when we see protocols committing to security by purchasing cover for their own assets and the protocol on the whole which helps to stabilise DeFi and offers extra levels of security in the ecosystem.” Oliver Xie, founder of InsurAce.io
Original Article link: https://blog.insurace.io/insurace-io-partners-with-mushrooms-finance-dbf0ce8b9c7c