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**LI.FI and InsurAce Partner to Launch Bridge Insurance on Jumper.Exchange**

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On April 18th, it was announced that cross chain transaction aggregator LI.FI announced a partnership with DeFi insurance agreement InsurAce to launch Bridge Insurance. Bridge Insu

**LI.FI and InsurAce Partner to Launch Bridge Insurance on Jumper.Exchange**

On April 18th, it was announced that cross chain transaction aggregator LI.FI announced a partnership with DeFi insurance agreement InsurAce to launch Bridge Insurance. Bridge Insurance has been launched on Jumper.Exchange, with bridge insurance fees typically ranging from 0.1 to 0.5%.

LI.FI collaborates with DeFi Insurance Agreement InsurAce to launch bridge insurance products

In a partnership announced on April 18th, cross chain transaction aggregator LI.FI and DeFi insurance agreement InsurAce have launched Bridge Insurance on Jumper.Exchange. This article will explore what Bridge Insurance is, why it’s important, and how it works.

**What is Bridge Insurance?**

Bridge Insurance is an innovative and comprehensive DeFi insurance product designed to protect users against losses from token migration, swapping, and other similar activities across different blockchains. This type of insurance is especially useful for users who frequently participate in cross-chain activities and need a safety net to protect their assets.

**Why is Bridge Insurance Important?**

The DeFi space is becoming increasingly popular, and as such, we’re seeing the emergence of more complex financial instruments. While these instruments offer investors and traders a way to generate higher returns, they also come with higher risk. With Bridge Insurance, users can mitigate some of that risk and enjoy a more secure and reliable DeFi experience.

**How Does Bridge Insurance Work?**

When using Bridge Insurance, users pay a fee ranging from 0.1 to 0.5% per transaction, which varies based on the specific insurance product chosen. The transaction is insured for a fixed amount, and if any loss occurs, the user is automatically compensated for the loss. The entire process is automated, hassle-free, and can be completed within seconds.

**Benefits of Bridge Insurance**

– Protection against token loss due to unforeseen circumstances such as hacks, bugs, or other technical issues
– Quick and automated claim process
– Wide-ranging insurance product options to choose from

**Bridge Insurance on Jumper.Exchange**

Jumper.Exchange is a cross-chain decentralized exchange that has integrated Bridge Insurance to offer its users peace of mind when trading or investing. With Bridge Insurance, users on Jumper.Exchange can now buy insurance protection while conducting their transactions.

**Frequently Asked Questions**

1. What is DeFi insurance?
DeFi insurance is a type of insurance designed to protect against losses that can occur when using DeFi platforms and products.
2. How does Bridge Insurance differ from traditional insurance?
Bridge Insurance is different from traditional insurance in that it’s tailor-made for the DeFi space. It’s automated, transparent, and can be completed instantly.
3. How much does Bridge Insurance cost?
The cost of Bridge Insurance varies based on the specific product chosen, but the insurance fee typically ranges from 0.1 to 0.5% per transaction.

**Conclusion**

The partnership between LI.FI and InsurAce to launch Bridge Insurance on Jumper.Exchange is a significant step forward in making DeFi products and platforms more secure and accessible to users. With Bridge Insurance, users can now enjoy more peace of mind when conducting transactions on the exchange. As the DeFi space continues to evolve, we can expect to see more innovative products like Bridge Insurance emerge to meet the growing demand for security and reliability.

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