InsurAce Launches Innovative DeFi Insurance Product for Post-Audit Risk

InsurAce Launches Innovative DeFi Insurance Product for Post-Audit Risk

On March 17th, InsurAce announced the launch of a new DeFi insurance product with audit companies: post audit risk insurance, which provides protection against smart contract risks within a few months after the new audit. It is reported that the first audit agency to cooperate with is Danish Blockchain Lab Entersoft Halborn Numen Omniscia PeckShield Sayfer.

InsurAce Launches DeFi Insurance Product “Post Audit Risk Insurance”

Analysis based on this information:


InsurAce, a leading DeFi insurance provider, announced the launch of a new insurance product that offers protection against smart contract risks within a few months after a new audit. The new product, known as post-audit risk insurance, is designed to cover DeFi investors against any smart contract vulnerabilities that may be discovered after the initial audit.

With the growing popularity of DeFi platforms, there has been an increasing demand for insurance coverage to protect investors from the inherent risks associated with the ecosystem. DeFi protocols operate on smart contracts, which are self-executing pieces of code that operate on a blockchain. If a smart contract has a vulnerability or a bug, it can be exploited by attackers to steal funds or cause other damage, leading to huge losses for investors.

The new insurance product from InsurAce aims to address this issue by providing coverage against vulnerabilities that may be discovered after the initial audit. The product is expected to provide peace of mind and give investors more confidence in the DeFi ecosystem. The insured amount ranges from $100,000 to $10 million, and the insurance period is up to six months.

InsurAce has partnered with several leading audit agencies to help audit clients access the new insurance product. The first audit agency to partner with InsurAce is Danish Blockchain Lab Entersoft Halborn Numen Omniscia PeckShield Sayfer, which has a strong track record in auditing DeFi protocols. Other audit agencies are also expected to join the partnership in the coming weeks.

In summary, the new DeFi insurance product from InsurAce is a significant development that is expected to boost investor confidence in the DeFi ecosystem. Post-audit risk insurance is an innovative way to cover investors against vulnerabilities that may not have been discovered during the initial audit. By partnering with leading audit agencies, InsurAce has ensured that the product is of high quality and can be accessed easily by audit clients who need it.

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