InsurAce Launches New DeFi Insurance Product with Audit Companies
On March 17th, InsurAce announced the launch of a new DeFi insurance product with audit companies: post audit risk insurance, which provides protection against
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 has announced the launch of a new DeFi insurance product with audit companies: post audit risk insurance. This new product provides protection against smart contract risks within a few months after a new audit. By offering this type of insurance, InsurAce aims to address the growing concerns around smart contract risk. The first audit agency to cooperate with InsurAce is Danish Blockchain Lab Entersoft Halborn Numen Omniscia PeckShield Sayfer.
Smart contract risks have become a growing concern within the DeFi space. Smart contracts are automated contracts that are self-executing, meaning that once they are set up, they execute automatically without the need for human intervention. While smart contracts offer many benefits, such as transparency, speed, and efficiency, they are also susceptible to vulnerabilities, which can result in financial losses for users.
InsurAce’s new product provides protection against smart contract risks within a few months after a new audit. This means that if a smart contract has been audited but is still susceptible to vulnerabilities, users can purchase post audit risk insurance to protect themselves against financial losses that may result from these vulnerabilities.
InsurAce is working with Danish Blockchain Lab Entersoft Halborn Numen Omniscia PeckShield Sayfer to offer this new product. These audit companies have a proven track record of auditing smart contracts and identifying vulnerabilities. By working with these companies, InsurAce is ensuring that their post audit risk insurance is comprehensive and effective in addressing smart contract risk.
In conclusion, InsurAce’s new DeFi insurance product with audit companies is a welcome development in the DeFi space. As the DeFi space continues to grow, it is important that users have access to comprehensive insurance products that can protect them against the risks associated with DeFi. By offering post audit risk insurance, InsurAce is helping to address the growing concerns around smart contract risk and providing users with greater peace of mind.
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