OX
Oliver Xie is the project lead of InsurAce.io, a DeFi insurance platform.
He discusses insurance solutions for the blockchain industry, including smart contract risks and the role of the INSUR token.
1Interview
2021First on the show
Jul 2021Latest appearance
22 minOn camera
21:48
Latest interview · Jul 22, 2021Oliver Xie on InsurAce's insurance solutions for DeFiWatch the episode →
Key points
- InsurAce provides three types of DeFi insurance products: smart contract risk, centralized exchange risk, and oracle event risk coverage.
- InsurAce's portfolio-based coverage allows users to insure multiple protocols in a single transaction, reducing gas fees and premiums compared to buying individually.
- InsurAce uses risk assessment questionnaires with over 40 questions to determine pricing, rather than relying solely on staking amounts like some competitors.
- InsurAce operates across eight different blockchain chains and covers assets in over 50 different DeFi protocols as of the interview date.
- InsurAce launched its token in March and deployed to Ethereum mainnet in April, with additional deployments on BSC and other networks.
In their own words
“Insurance works like rain shoes. You never think of it when it's sunny, but when it rains you ask where your umbrella is.”
“Eventually you start to think about how to make money securely, and then you think about us.”
