InsurAce
Other · Underwriting · INSUR
InsurAce offers portfolio-level cover across many EVM chains. Policyholders pay premiums into a pooled capital model; INSUR governs parameters and participates in the protocol's risk-sharing design.
Multi-chain portfolio insurance with a capital pool backstop.
Protocol TVL
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Competitors
Ranked top→bottom — who competes with InsurAce and how they differ.
| # | Competitor | Positioning | Similarities | Differentiator |
|---|---|---|---|---|
| 1 | Nexus Mutual | The largest and longest-running DeFi cover protocol, structured as a UK discretionary mutual with NXM member tokens. | Both offer on-chain cover against smart-contract failure and other DeFi risks, pool member/underwriter capital, and use community-driven claims assessment. | Nexus Mutual is a formally structured mutual with KYC membership and a bonding-curve capital model; InsurAce was permissionless, cross-chain, portfolio-cover focused, and added an investment arm to subsidize premiums. Nexus remains active while InsurAce has wound down. |
| 2 | Neptune Mutual | Parametric DeFi cover marketplace using dedicated cover pools and a defined incident-resolution process. | Both provide multi-protocol DeFi cover, rely on capital pools funded by liquidity providers, and target smart-contract and de-peg/exchange risks. | Neptune Mutual emphasizes a parametric, marketplace/pool-per-cover model and dispute resolution; InsurAce used actuary-priced portfolio covers with an investment arm and token-staked claims voting. |
| 3 | Sherlock | Audit-plus-coverage protocol where staked capital backs smart-contract exploit coverage for specific audited protocols. | Both underwrite smart-contract exploit risk using pooled staker capital and pay claims from that capital. | Sherlock ties coverage tightly to its own security audits and per-protocol contracts and targets protocol teams as buyers; InsurAce sold retail-facing multi-risk, cross-chain portfolio covers. |
| 4 | Ease (formerly Armor/Nexus Mutual ecosystem) | DeFi cover protocol offering uninsurance / pooled coverage with no up-front premium, sharing loss across a vault ecosystem. | Both are DeFi-native cover providers protecting users against smart-contract and protocol loss. | Ease pioneered a no-premium 'uninsurance' model where deposits share losses, versus InsurAce's premium-based, actuary-priced cover with a separate underwriting pool. |
| 5 | Cozy Finance | Parametric protection markets for DeFi protocols. | Both in Other (Underwriting). | Composable parametric protection markets with automatic settlement — coverage is expressed as tradable positions rather than mutual membership. |