Hi, InsureDAO community!

We’re really excited to announce the great partnership with New Order, a protocol that supports Web3 products with the vision of building a composable financial ecosystem covering multi-chain in Defi.

As the term “DeFi Lego” implies, the cooperation of each protocol has become indispensable. In this respect, New Order is an essential protocol in DeFi space. As a piece of Lego, InsureDAO also wants to combine with New Order and provide a secure ecosystem.

InsureDAO will create a verified insurance pool of New Order at the initial InsureDAO mainnet launch in February. That means insurance covering New Order will be available on InsureDAO.

Moreover, you can also be an underwriter of the New Order insurance pool with USDC. As underwriters will get insurance premiums paid by purchasers and our native token rewards, this would be like stable farming.

Furthermore, New Order users (NEWO stake, NEWO/USDC SLP stake on official site) are now qualified for the 10% bonus of the amount in INSURE each participant purchased during the InsureDAO DeGenesis, which is currently on live till February 13th.

The New Order was founded to build a municipal incubator for supporting DeFi innovation.

While the legacy Internet is dominated by oligopolies, web3 is known for its collaborative and co-contributing nature. However, the vision of web3 is not yet widely deployed in the blockchain space, and the lack of interoperability is still laying as a major bottleneck.

As a form of DAO, New Order can be a solution for this. They support early-stage projects, particularly along with the vision of being chain-agnostic which focuses on a number of innovative new-age asset classes, such as data-driven tokens and NFTs.

The goal of New Order is ”to create an ecosystem that is not bottlenecked by limited interoperability and allow liquidity to freely enter markets and foster growth in the biggest financial ecosystem in DeFi.”

Therefore, New Order has the necessary expertise to incubate groundbreaking projects and create the synergies necessary for growth. As an instance, they have launched [REDACTED], OptyFi, and H20.

New Order hold vaults where users can get the reward by staking $NEWO or depositing the LP token. After the launch of InsureDAO, it will be covered by our insurance. We hope we can collaborate and increase the interoperability.

The First Batch Partners are the whitelisted protocols whose insurance pool will be listed on our front-end.
*Although anyone can make any insurance pool on InsureDAO, InsureDAO doesn’t display all the insurance pools.

Additionally, InsureDAO will distribute INSURE token rewards to their insurance’s underwriters. INSURE token rewards are also limited to the whitelisted pools.

You can see more details below.

InsureDAO is a decentralized insurance protocol, allowing anyone to create an insurance pool easily to “Cover every single risk in DeFi space”. InsureDAO provides an insurance builder kit and insurance market. Additionally, we offer the lending function to INSURE token stakers. We will launch InsureDAO on Mainnet and Arbitrum this February.

If you are interested in learning more, check out our white paper.