SupraOracles will provide fast, secure, and reliable oracle services to ensure that InsurAce.io effectively executes a fair risk assessment of each protocol.
“Securing the Oracle Layer”
SupraOracles is built by trusted veterans from the world’s leading institutions and revered blockchain projects.
They aim to bring a solution to slippage, fair market value of digital assets, and oracle manipulation by securing the oracle layer.
The project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi. Follow us and our progress while we solve the oracle dilemma.
By partnering with InsurAce.io, SupraOracles moves one step closer to this goal. Providing reliable oracle services to DeFi insurance allows for higher quality risk assessments for better-managed risk calculations.
Our partnership together aims to support InsurAce’s multi-chain environment. As InsurAce.io develops its cross-chain aggregators, SupraOracles is ready to adjust and customize its oracle capabilities to work with InsurAce.io’s to develop an integration to help improve its efficiency.
Oliver Xie, Founder of InsurAce.io, commented: “By leveraging the power and data of oracles, InsurAce.io continues to improve its service to our end-users and community, allowing us to make DeFi a safer, more affordable space for everyone.”
Insurance is fast becoming the leading way to protect users assets against smart contract vulnerabilities. This requires secure insurance protocols making calculated insurance decisions from the best available data.
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “We are very impressed with InsurAce.io’s resolve to analyze risk without giving special treatment to any protocol. SupraOracles is dedicated to supporting InsurAce’s mission with our secure Oracle technology.”
About SupraOracles
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Their vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
The project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with their developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.
Join SupraOracles’ community: Website | Twitter | Telegram | LinkedIn | Announcements | Medium
About InsurAce.io
InsurAce.io Protocol is a DeFi Insurance protocol that has quickly become the second-largest protocol in DeFi insurance. The $INSUR token was released in February 2021, followed by a mainnet launch to the Ethereum Network in April 2021.
InsurAce.io is a decentralized insurance protocol, covering 60+ protocols on 8+ chains, built to empower the risk protection infrastructure for the DeFi community. InsurAce.io offers portfolio-based insurance products with optimized pricing models to substantially lower the cost, up to 60% lower than other protocols, simultaneously reducing gas fees by up to 50%.
InsurAce.io is backed by DeFiance Capital, Parafi Capital, Alameda Research, Hashkey group, Huobi DeFiLabs, Hashed, IOSG, Signum Capital, and a dozen of other top funds.
Join InsurAce.io’s community: Website | Twitter | Telegram | LinkedIn | Announcements | Medium