{"id":181021,"date":"2021-09-01T18:15:06","date_gmt":"2021-09-01T12:45:06","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=181021"},"modified":"2021-09-01T18:05:15","modified_gmt":"2021-09-01T12:35:15","slug":"ins3-brings-decentralized-coverage-to-polygon-with-2700-itf-rewards-per-day","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/ins3-brings-decentralized-coverage-to-polygon-with-2700-itf-rewards-per-day\/","title":{"rendered":"INS3 brings decentralized coverage to Polygon with 2,700 $ITF rewards per day"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">With the most recent DeFi exploits of the Polychain Network where the white-hatted hacker eventually did return the funds, DeFi is facing an exploitation problem on the network which if kept unchecked, will slowly but surely drain the industry of all total value locked. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Coverage providers like INS3 are able to combat this by offering protection on volatile assets and rug pulls through their decentralized coverage provider, where the insurance is provided in a P2P method.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Users who stake assets on INS3 are rewarded in the platform\u2019s native $ITF token, while the funds provided double as coverage for potential exploits and hacks. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With an initial seed round of $2.4 million, INS3 has the backing of some impressive industry giants including Conflux, Web3.VC, OKex BlockDream Venture, Beagle Capital, and more.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To begin with, <\/span><a href=\"https:\/\/www.ins3.finance\/\"><span style=\"font-weight: 400;\">INS3<\/span><\/a> <span style=\"font-weight: 400;\">will work closely with existing partners on the Polygon network who can use decentralized insurance as a bonus factor for its existing users. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">These partners will include but are not limited to WaultSwap, QuickSwap, ApeSwap, Sushi, AAVE, and more. In addition, INS3 will provide 2,700 $ITF in incentives for early users to stake accepted assets as the underlying liquidity provider for hacks, exploits, and market volatility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><b>Gavin Fang, Founder of INS3<\/b><span style=\"font-weight: 400;\">:\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cBy bringing INS3 to the Polygon network, we are plugging ourselves into one of the fastest-growing ecosystems both in terms of projects being launched and in terms of users populating. We are excited to add a layer of protection and risk hedging for all Polygon users.\u201d\u00a0<\/span><\/i><\/p>\n<p><b>To find out more, visit the website at <\/b><a href=\"https:\/\/www.ins3.finance\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">www.ins3.finance<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/a><\/p>\n<p><a href=\"https:\/\/twitter.com\/Ins3Insurance\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Twitter<\/span> <\/a><span style=\"font-weight: 400;\">| <\/span><a href=\"https:\/\/t.me\/INS3ENGLISH\"><span style=\"font-weight: 400;\">Telegram<\/span><\/a> <span style=\"font-weight: 400;\">| <\/span><a href=\"https:\/\/discord.com\/invite\/PFhuCJFafT\"><span style=\"font-weight: 400;\">Discord<\/span><\/a> <span style=\"font-weight: 400;\">| <\/span><a href=\"https:\/\/medium.com\/ins3\"><span style=\"font-weight: 400;\">Medium<\/span><\/a> <span style=\"font-weight: 400;\">| <\/span><a href=\"https:\/\/github.com\/ins3project\/ins3_contracts\"><span style=\"font-weight: 400;\">GitHub<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/a><\/p>\n<p><b>Media Contact Details\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Contact Email: <\/span><a href=\"mailto:ins3project@outlook.com\"><span style=\"font-weight: 400;\">ins3project@outlook.com<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/a><\/p>\n<p><b>About INS3\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">INS3 provides full and partial coverages for high-risk assets across multiple blockchains including<\/span> <span style=\"font-weight: 400;\">Binance Smart Chain, Conflux, HECO, and OKChain. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a community-driven, decentralized<\/span> <span style=\"font-weight: 400;\">product, it carries unique features that ensure INS3 not only provides insurance on volatility but<\/span> <span style=\"font-weight: 400;\">also acts as a tail risk derivative platform for users to buy and sell secondary assets in the form<\/span> <span style=\"font-weight: 400;\">of coverage.<\/span><\/p>\n<p><strong>Disclaimer: This is a paid post and should not be treated as news\/advice.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the most recent DeFi exploits of the Polychain Network where the white-hatted hacker eventually did return the funds, DeFi is facing an exploitation problem on the network which if kept unchecked, will slowly but surely drain the industry of all total value locked. Coverage providers like INS3 are able to combat this by offering<a href=\"https:\/\/ambcrypto.com\/ins3-brings-decentralized-coverage-to-polygon-with-2700-itf-rewards-per-day\/\">Continue reading <span class=\"sr-only\">&#8220;INS3 brings decentralized coverage to Polygon with 2,700 $ITF rewards per day&#8221;<\/span><\/a><\/p>\n","protected":false},"author":39,"featured_media":181022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[18,2],"tags":[],"class_list":["post-181021","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hide-cryptopanic","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>INS3 brings decentralized coverage to Polygon with 2,700 $ITF rewards per day - 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