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
$131.3K
Latest data · 15 min delay
Risks identified
- Counterparty
As a cover/insurance protocol, InsurAce is itself the counterparty on every policy. Its ability to pay depends on the size and solvency of its capital pools; the UST event showed payouts (~$11.7M) can vastly exceed premiums collected (~$94k), stressing reserves.
- Reserve / Depeg
InsurAce underwrites stablecoin de-peg cover, concentrating de-peg risk on its own balance sheet. A large correlated de-peg event (as with UST in 2022) can trigger many simultaneous claims that draw down reserves faster than premiums replenish them.
- Smart Contract
Cover, staking, claims and cross-chain contracts are exploitable. SlowMist's 2021 audit found higher-severity issues (a reordering-attack risk and a missing permission check on an owner-adding function) that had to be fixed pre-launch; multi-chain deployment widens the attack surface.
- Governance
Claims are approved or rejected by INSUR-staking Claims Assessors. This makes payout decisions dependent on token-weighted voting, which can be swayed by concentrated holders or low participation and creates a conflict between claimants and capital providers.
- Systemic
Protocol viability depends on ongoing premium demand, capital-provider incentives and token value. Declining activity (HTX delisting for sub-$50k daily volume, parked domain, dormant repos) indicates a wind-down where cover may effectively be unavailable or unenforceable despite historic branding.