According to Coingecko, AVAX has grown over 120% in the last 12 months and its ecosystem has been attracting many initiatives in many fields. DEXs, yield optimizers, borrowing/lending, and NFTs are some of the most important ones.
However, the insurance sector wasn’t developed in Avalanche like other blockchains. To close that gap, inSure DeFi was born. It’s the first DeFi protocol where they provide many features to their community. In this article, you will discover how inSure Protect your Crypto Portfolio from Drastic Devaluations and how you can take advantage of it.
That is inSure DeFi?
inSure DeFi is a decentralized protocol that helps to develop insurance services to stabilize and secure portfolios in DeFi, NFTs, and Metaverse. Many people in the ecosystem do not give due importance to the security of their assets until they suffer from a hack or scam.
Therefore, inSure DeFi not only wants to avoid stolen funds and drastic devaluations of your tokens. Also, it has developed its native token, SURE, which let their users interact with their whole ecosystem.
At the time of writing this article, the marketcap of SURE achieved $150 million with a 24-hour trading value of $1.3 million. Also, SURE has grown 63% in the last 12 months. But how can you protect your portfolio?
How to Secure your Crypto Portfolio with inSure DeFi?
You just need to purchase SURE tokens from PancakeSwap, UniSwap, TraderJoe, QuickSwap, among other exchanges. Also, you can buy the token with VISA or Mastercard with STEX.
Then, once you have your SURE tokens in your wallet, you have to stake them in the ETH/SURE or BNB/SURE liquidity pools. This will give you a 60% APY in SURE tokens. Moreover, rewards are managed through the Polygon network.
NOTE: In case of an insurance claim to Protect your Crypto Portfolio from Drastic Devaluations, you need to create a proposal on the protocol with your private wallet.
On the other hand, the insurance will be enabled after 7 days of contributing SURE tokens to the platform.
inSure DeFi, the first community-based insurance ecosystem on #Avalanche, allows holders to stake $SURE, vote, and enable insurance policies through @InsureToken. https://t.co/kwNi86Dy0R
— Avalanche 🔺 (@avalancheavax) February 10, 2022
The protocol has 8 coverage plans where the minimum number of SURE tokens to activate the insurance is 2500 that has a 3-month time coverage with a maximum portfolio of $1000. Meanwhile, the most advanced plan protects users for 2 years with a portfolio of $140,000 which needs 500,000 SURE tokens to activate it.
More About inSure DeFi
It’s important to mention that this decentralized protocol has integrated with Chainlink, which guarantees immutable transactions and traceability without sacrificing security. Also, users can generate claims 24/7.
Finally, inSure DeFi has very prestigious partners like Binance Smart Chain, Chainlink, CoinMarketCap, CoinGecko, Avalanche, Ledger, PancakeSwap, UniSwap, and Polygon.
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