InsurAce protocol
Overview
InsurAce is a decentralized insurance protocol for the crypto ecosystem, offering coverage for smart contract failures, exchange exploits, and other blockchain-related risks. It uses a mutual insurance model where users stake capital to underwrite policies and earn premiums. Claims are assessed by a decentralized community vote.
Within the DeFi Intel graph, InsurAce connects to 8 tracked entities, most strongly to Ethereum, Arbitrum, Polygon.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 8 of 8 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 85% |
deployed_on | Arbitrum | 85% |
deployed_on | Polygon | 85% |
deployed_on | BNB Chain | 85% |
deployed_on | Avalanche | 85% |
deployed_on | Fantom | 85% |
deployed_on | Terra | 85% |
competes_with | Nexus Mutual | 75% |
Frequently asked questions
What is InsurAce?
InsurAce is a decentralized insurance protocol that provides coverage against various crypto risks, including smart contract vulnerabilities and exchange hacks. It operates on multiple blockchain networks.
How does InsurAce's claims process work?
Users purchase policies by paying premiums, and if a covered incident occurs, they file a claim. The claim's validity is determined by a community vote of INSUR token holders.
What is the role of the INSUR token?
INSUR is the native governance and utility token of InsurAce, used for staking, voting on claims, and earning a share of premiums from policies.
What is InsurAce connected to?
In the DeFi Intel knowledge graph, InsurAce is linked to 8 other tracked entities, most strongly to Ethereum, Arbitrum, Polygon.
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