blockchainreporter.net
InsurAce and Velo Labs have announced a collaboration in a major blockchain move. This marks a turning point in blockchain and decentralized finance (DeFi). This strategic partnership brings together two innovative platforms that want to change digital assets and financial services.
đź”’ We've partnered with @InsurAce_io to enhance your blockchain utility and security đź”’
— Velo Official (@veloprotocol) March 20, 2024
🛡️ InsurAce, a decentralized insurance protocol, protects your digital assets from risks like hacking and smart contract bugs
Better safe than sorry!#Velo #DeFi #Blockchain #Insurance pic.twitter.com/jPguGUqNk0
InsurAce and Velo Labs Enhance User Experience
InsurAce is the best decentralized insurance protocol for protecting digital assets from hacking, smart contract flaws, and stablecoin de-pegging. Due to its decentralized governance model and simple interface, InsurAce is a trusted risk management platform as the DeFi ecosystem evolves.
Velo Labs’ decentralized settlement network makes it easy for participants to send and receive money safely and quickly, changing blockchain usage. Velo Labs wants to use Web 2.0 and Web 3.0 to create an ecosystem that connects compliance-friendly solutions. All global economic activities can move to the blockchain.
This partnership between InsurAce and Velo Labs will impact users of both platforms. Secure digital assets are a major benefit. Users of InsurAce’s decentralized insurance protocol can get full coverage for many risks. This gives them confidence when sending value on Velo.
InsurAce’s seamless integration with Velo Labs’ decentralized settlement network benefits users. This will enable fast value transfers and reduce digital asset trading risks. This partnership expands InsurAce’s ecosystem, giving users more risk management and money protection options.
Velo Labs to Revolutionize Blockchain Utilities with Web3+ Infrastructure
InsurAce and Velo Labs understand the importance of working with regulators to promote blockchain technology. The two platforms hope to create simple, KYB/KYC-compliant solutions by working together. This will help more people use secure decentralized finance solutions.
From April 2021 to now, InsurAce is a leading decentralized insurance protocol. Cross-chain portfolio-based covers from InsurAce protect investment funds from smart contract vulnerabilities, stablecoin de-pegging events, bridge vulnerabilities, and more. DeFi giant InsurAce protects over $422 million in assets and serves over 80,000 customers.
By combining Web 2.0 and Web 3.0 technologies, Velo Labs hopes to revolutionize blockchain utilities. Velo Labs wants its “Web3+” infrastructure to start putting all worldwide economic activities on the blockchain. Velo Labs is leading decentralized finance innovation by supporting multiple assets. It allows chains to work together, and provides easy-to-comply solutions.
Finally, InsurAce and Velo Labs’ partnership advances DeFi and blockchain technology. Together, the two platforms can provide global users with better security, risk management tools, and compliant services. Decentralized finance solutions that prioritize security and accessibility will gain popularity.