InsurAce Staking

• Staking INSUR is done easily by connecting your MetaMask; or other WalletConnect supported wallet on the InsurAce dApp. 
• Staking is currently available on both ETH and BSC. 
• Staking other assets is also available, such as but not limited to USDT, DAI and ETH.

• 45% of the Total INSUR supply is allocated to Mining Reserves. 
• With the INSUR Staking Rewards Calculator you can see how you INSUR balance would grow over time based on our expected INSUR Staking rewards.

• You can initiate unstaking at any point, but your funds are subject to a 15 day unlock period. This is to reduce any liquidity risks.
• Rewards are calculated per block, but are subject to a 7-day per block vesting period. You can check your current reward amount on the InsurAce Dashboard.

Assets staked in the underwriting mining pools may be used for claim payouts. This  means, that on top of your usual risks in crypto (eg. smart contract risk, market risk), if there is an insurance claim that’s greater than the premium in the premium pools, the remainder of the claim will be paid out by using capital from the underwriting mining pools.

• InsurAce.io Protocol is a Singapore-based 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%.
• The INSUR token can be used for staking, and for governance of claims submitted through the dApp.

• 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.
• There is a circulating supply of 11 million INSUR tokens with a maximum release of 100 million INSUR Tokens which can be mined through staking on the protocol.
• InsurAce, on top of private rounds, was rolled out via a Liquidity Bootstrapping Pool on Balancer.

• The total supply of INSUR is 100M with:
  • 10.75% of tokens sold in a first Seed Round. Of these 15% were unlocked instantly
  • 9.25% of tokens sold in a second Strategic Round. Of these 25% were unlocked instantly
  • 15% going to the team and advisors. Of these 5% were unlocked instantly.
  • 2% for Initial Liquidity Bootstrapping
  • 45% as Mining Reserves
  • 18% as DAO Reserves
• For the tokens that were not unlocked instantly, there is a 2 year linear vesting schedule.

The project lead for InsurAce is Oliver Xie, formerly the CTO in one of the three largest Singapore-based licensed derivative Exchanges and Clearing Houses.