Orion Money forms Strategic Partnership with InsurAce.io

Expanding on our recent partnership with Anchor Protocol and Mirror Protocol on Terra, InsurAce.io is very pleased to announce a new partnership with Orion Money, offering the first DeFi insurance available for Orion Money users.

Orion Money’s vision is to be a cross-chain stablecoins bank and the best place in DeFi for stablecoin saving, lending, and spending.

Users deposit their stablecoins with Orion Money, from which they can earn up to 20% APY. These returns are generated by Orion Money depositing stablecoins with EthAnchor. The EthAnchor converts stablecoins to UST, and in turn the EthAnchor deposits UST to Anchor on Terra.

InsurAce.io has listed Orion Money on app.insurace.io to protect these deposits held by Orion Money users against smart contract vulnerabilities. Offering insurance to their users exemplifies Orion Money’s dedication to security and protecting their users.

InsurAce.io has listed Orion Money with a 4-star security rating, an annual premium price of 2.6%, and has an initial capacity of $6m USD.

InsurAce.io has listed Orion Money with a 4-star security rating, an annual premium price of 2.6%, and has an initial capacity of $6m USD.

Orion Money will be helping its users to purchase insurance with InsurAce.io by adding a pop-up box at the time of interaction with the protocol to allow for a simple click through to the InsurAce.io dApp, where the user can purchase insurance. A user guide for this process can be found by clicking here.

Original Article link:Orion Money forms Strategic Partnership with InsurAce.io | InsurAce Blog