As part of their multi-chain approach, InsureDAO has formally stated that they will go live on the Astar Network following their Optimum Launch. The goal of InsureDAO is to reduce the risk factors associated with prospective projects and hasten project launch on Astar as a top priority. a major convenience for users and protocols.
It is difficult for users to determine whether initiatives given by Astar are viable. With the addition of InsureDAO, the chain’s growth is certain to multiply with ongoing protocol and user additions. The ecosystem would benefit from this as well.
Users frequently run across hazards with smart contracts. Based on these standards, they can now have protection for their security against their deposited funds. When people buy insurance, they have the option to make payout claims in cases where they could otherwise have lost their deposits due to flaws or other contract hackings. Based on comparisons of their actual losses to the purchase price, they will now be able to secure their owed compensation.
Astar Network’s steadily rising popularity in Asia is one of the main factors for InsureDAO to focus on collaborating with them. The number of users in nations like China and Japan has grown exponentially.
Given the foregoing, the launch of InsureDAO and its protocol will now seem to be greatly appreciated by all users. The low cost of gas is another positive aspect that will help people enter more quickly.
Users of dApps developed on Polkadot and integrated via multi-chain hubs like Astar Network will feel extremely secure and satisfied thanks to the insurance offered by Insure DAO. Inadvertently, this would support Polkadot’s fundamental idea of growth in the multi-chain hub.
InsureDAO intends to expand the entire ecosystem and the partners who write insurance. It will also be possible to create a variety of insurance pools.
There are intentions to welcome everyone for underwriting tasks starting in August 2022. Token farming by INSURE in association with AMMs will also be promoted. Lastly, API will be made available to partners and third parties for their convenience.
