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A leading decentralized multi-chain DeFi protection protocol, InsurAce, has added Mirror protocol to its growing list of Decentralized Finance (DeFi) projects.
The insurance protocol has listed Mirror Protocol on app.insurance.io to protect its synthetic mAssets held by its users against smart contract attacks. This news comes after InsurAce's its recent partnership with Anchor protocol built on the Terra network.
The Mirror protocol has a 4-star security rating on InsureAce. InsurAce will offer an annual premium price of 5.99% for smart contract protection of mAssets. There will be an initial insurance capacity of $8 million shared between Terra and Ethereum. Users must buy into the insurance for their funds to be locked and safe.
“The demand for InsurAce’s Anchor product has been terrific, and now we’re delighted to offer the first DeFi insurance pool for Mirror users via InsurAce,” Do Kwon, Co-Founder and CEO of Terraform Labs, was quoted in the official Medium post from July 21. “InsurAce’s exemplary insurance protocol will now offer smart contract protection at affordable premiums for Mirror’s rapidly expanding user base, broadening coverage options across the Terra ecosystem.”
mAssets, also called Mirror Assets, are synthetic assets created by smart contracts on the Terra network. They mimic the price behavior of real-world assets and give traders open access to track prices of real-world assets anywhere around the world.
The DeFi insurance pool for Mirror users is an excellent addition to the DeFi protocol. InsurAce also confirmed the latest partnership on July 23rd via Twitter.
The protocol has successfully provided reliable, robust, and secure insurance services to DeFi users. It helps ensure that users funds are secured against numerous risks. After integrating the Anchor protocol, Mirror protocol promises to be another significant addition to its growing ecosystem.
In addition, the listing of both protocols shows that InsurAce is a strong supporter of the Terra network, making sure that insurance services are offered to the growing Terra community. InsurAce makes a considerable statement in the DeFi market with its emphasis on Terra.
“Mirror protocol is a great new addition to the Terra family, and following our recent success with Anchor Protocol, we welcome the chance to offer insurance services to this great project, its users, and the wider Terra community,” founder of InsurAce, Oliver Xie, said in the Medium. “We will continue to make DeFi a safer place for everyone.”
InsurAce’s exemplary insurance protocol will now offer smart contract protection to Mirror’s expanding ecosystem at affordable prices. In addition, the Mirror protocol will make the insurance process straightforward.
There will be a pop-up reminder for users to click through and purchase insurance through InsurAce. Significantly, the InsurAce protocol has expanded its ecosystem and improved Mirror’s synthetic assets protocol, adding stability and secure insurance service to its users.
InsurAce is a top decentralized multi-chain insurance protocol that provides reliable, robust, and secure insurance services, ensuring that users’ investment funds are secured against various risks. Since its launch in April 2021, the protocol has experienced significant growth across the DeFi space.
Now, users can enjoy unbeatable low cover premiums, cross-chain coverage, multi-chain accessibility, and sustainable investment opportunities with InsurAce. The protocol currently offers insurance services to over 50 projects, four Centralized exchanges (CEXes), and 1 IDO platform. It also supports numerous blockchains like Ethereum, Binance Smart Chain (BSC), Solana, Fantom, Terra, Thorchain, Heco, and Polygon.
InsurAce Social Media: Website | Telegram | Discord | Twitter | Medium |
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FTX continues to a massive campaign to invade the American attention span, announcing a purchase of ad space during the Super Bowl, the premier advertising event each year in the United States.
FTX––and crypto at large––have also received a boost from their ever-popular spokesman Tom Brady. The anointed Golden Boy of American Football broke a major record this week, becoming the only quarterback in history to throw for 600 career touchdowns.
Brady offered one bitcoin on top of other memorabilia to the lucky fan in exchange for the special game ball.
“Hey @FTX_Official, let’s make a trade...Let’s get this guy a Bitcoin,” Brady tweeted following the game to his 2.1 Million followers and was retweeted by Sam Bankman-Fried and the FTX account.
The FTX account, and its de facto leader Bankman-Fried, agreed to help Brady fulfill the favor.
“It’s not every day you get handed the ball from Tom Brady’s 600th touchdown pass and give it back, and it’s not every day you get gifted a Bitcoin,” said Bankman-Fried. “FTX was happy to support Tom in thanking this fan for his generosity.”
Lately, FTX has been seen all over sports advertisements in the United States. The company has taken up television slots during the World Series, NFL games, and ad space on popular applications like Bleacher Report, and even placed their logo on the umpires of Major League Baseball (shouldn’t umpires and referees be free from advertisements anyway?).
The latest Super Bowl move is almost the cream of the crop for all their moves. How much FTX paid was not made public, but last year a 30-second ad cost around $5.5 million. FTX also did not confirm the content planned for their ad.
“Our message throughout this year has been that crypto is safe, accessible, and ready for the mainstream. There is no bigger, more mainstream event to share a message like that than the Super Bowl,” Bankman-Fried told Katherine Greifeld of Bloomberg on Oct. 26th.
FTX is leading the way in the United States. Grabbing prominent names like the NBA’s Stephen Curry and the NFL’s Tom Brady, as well as seizing quality marketing moments should provide a huge boost to mainstream understanding. The marketing approach is smart, protracted, and profound.
FTX is a premier trader-first exchange that offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. FTX strives to develop a platform robust enough for professional trading firms while at the same time being intuitive enough for first-time users.
For more about FTX:
Website | US Website | Twitter |
MetaMask has improved accesibility for Ledger users in its latest update. The update will roll out from next week, simplifying the proces by which Ledger users connect their hardware wallet to MetaMask.
At present Ledger users are required to open Ledger Live first, then connect their Ledger, then connect MetaMask to it. The sheer number of steps required to make the connection is prohibitive. Community feedback has now prompted MetaMask to streamline the process.
“Ledger users, we hear you,” said MetaMask in a tweet on October 26th. “We have a new improved Ledger support that should be starting to roll out next week. The new support will be entirely in-browser, and won't require Ledger Live installed to use.”
MetaMask went on to tease “extra good news” for hardware wallet users coming very soon.
MetaMask recently launched version 10.3.0 of its extension with a subtly altered login screen. The company is also working on an improved token detection algorithm that is resistant to airdrop scams.
ConsenSys is a leading Ethereum software company. It enables developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. The ConsenSys product suite is composed of Infura, Quorum, Codefi, MetaMask, Truffle and Diligence.
InsurAce has listed Mirror Protocol in a significant partnership agreement that will offer Mirror users DeFi insurance for their mAsset holdings against smart contract attacks.
A leading decentralized multi-chain DeFi protection protocol, InsurAce, has added Mirror protocol to its growing list of Decentralized Finance (DeFi) projects.
The insurance protocol has listed Mirror Protocol on app.insurance.io to protect its synthetic mAssets held by its users against smart contract attacks. This news comes after InsurAce's its recent partnership with Anchor protocol built on the Terra network.
The Mirror protocol has a 4-star security rating on InsureAce. InsurAce will offer an annual premium price of 5.99% for smart contract protection of mAssets. There will be an initial insurance capacity of $8 million shared between Terra and Ethereum. Users must buy into the insurance for their funds to be locked and safe.
“The demand for InsurAce’s Anchor product has been terrific, and now we’re delighted to offer the first DeFi insurance pool for Mirror users via InsurAce,” Do Kwon, Co-Founder and CEO of Terraform Labs, was quoted in the official Medium post from July 21. “InsurAce’s exemplary insurance protocol will now offer smart contract protection at affordable premiums for Mirror’s rapidly expanding user base, broadening coverage options across the Terra ecosystem.”
mAssets, also called Mirror Assets, are synthetic assets created by smart contracts on the Terra network. They mimic the price behavior of real-world assets and give traders open access to track prices of real-world assets anywhere around the world.
The DeFi insurance pool for Mirror users is an excellent addition to the DeFi protocol. InsurAce also confirmed the latest partnership on July 23rd via Twitter.
The protocol has successfully provided reliable, robust, and secure insurance services to DeFi users. It helps ensure that users funds are secured against numerous risks. After integrating the Anchor protocol, Mirror protocol promises to be another significant addition to its growing ecosystem.
In addition, the listing of both protocols shows that InsurAce is a strong supporter of the Terra network, making sure that insurance services are offered to the growing Terra community. InsurAce makes a considerable statement in the DeFi market with its emphasis on Terra.
“Mirror protocol is a great new addition to the Terra family, and following our recent success with Anchor Protocol, we welcome the chance to offer insurance services to this great project, its users, and the wider Terra community,” founder of InsurAce, Oliver Xie, said in the Medium. “We will continue to make DeFi a safer place for everyone.”
InsurAce’s exemplary insurance protocol will now offer smart contract protection to Mirror’s expanding ecosystem at affordable prices. In addition, the Mirror protocol will make the insurance process straightforward.
There will be a pop-up reminder for users to click through and purchase insurance through InsurAce. Significantly, the InsurAce protocol has expanded its ecosystem and improved Mirror’s synthetic assets protocol, adding stability and secure insurance service to its users.
InsurAce is a top decentralized multi-chain insurance protocol that provides reliable, robust, and secure insurance services, ensuring that users’ investment funds are secured against various risks. Since its launch in April 2021, the protocol has experienced significant growth across the DeFi space.
Now, users can enjoy unbeatable low cover premiums, cross-chain coverage, multi-chain accessibility, and sustainable investment opportunities with InsurAce. The protocol currently offers insurance services to over 50 projects, four Centralized exchanges (CEXes), and 1 IDO platform. It also supports numerous blockchains like Ethereum, Binance Smart Chain (BSC), Solana, Fantom, Terra, Thorchain, Heco, and Polygon.
InsurAce Social Media: Website | Telegram | Discord | Twitter | Medium |
