We are excited to share that InsurAce is partnering up with dHEDGE to insure their smart contract liquidity pools as well as offer insurance to investors of dHEDGE to provide additional reassurance in their protocol. At the same time, InsurAce will be investing a portion of its investment pool with dHEDGE to cement this mutual partnership.
InsurAce is a decentralized insurance protocol that provides reliable and affordable DeFi insurance services to DeFi users with sustainable investment returns. Backed by leading investors including DeFiance Capital, ParaFi Capital, Alameda Research and Huobi DeFiLabs, InsurAce will be launching its mainnet on April 26th 2021.
This partnership with dHEDGE shall cover multiple areas of collaboration as provided below.
1. Investors in dHEDGE can insure their assets via the InsurAce app.
InsurAce will underwrite assets on the DHT protocol.
This means that users of DHT protocol can insure their investment against risks via the InsurAce protocol. In return for the insurance they will also be rewarded with INSUR tokens resulting from the minting of staked assets in the form of INSUR tokens and the investment income from the investment pool that derives from insurance premiums and staked tokens.
2. dHEDGE can insure their own tokens remaining on their own protocol
By insuring against unexpected risks and failures in the smart contract, dHEDGE can protect their own tokens and liquidity within their pools and other allocations to provide further peace of mind to their investors. This builds confidence in the protocol and this increased confidence may even mitigate the price of the insurance premium.
3. InsurAce will allocate a portion of its investment pool into dHEDGE’s dTOP protocol.
dTOP is a tokenized index mirroring the best traders on dHEDGE. The dHEDGE platform crowdsources the best managers around the world and ranks them based on their risk-adjusted returns. With dTOP anyone can easily get exposure to the best traders through one ERC-20 token. You can think of dTOP as an actively managed ETF that constantly tracks the best traders in DeFi — the first of its kind. InsurAce believes this to be an excellent secure investment option for its portfolio.
dHEDGE is a non-custodial, decentralized asset management for synthetic assets on Ethereum
Non-custodial: users retain ownership over their funds, investment managers cannot run away with investor funds
decentralized asset management: dHEDGE aims to create a permissionless, unstoppable protocol for asset management
synthetic assets on Ethereum: dHEDGE portfolios are powered by the Synthetix derivatives liquidity protocol
dHEDGE is a one-stop location for managing investment activities on the Ethereum blockchain where you can put your capital to work in different strategies based on a transparent track record.