LI.FI and InsurAce Launch Bridge Insurance on Jumper.Exchange

On April 18th, it was announced that cross chain transaction aggregator LI.FI announced a partnership with DeFi insurance agreement InsurAce to launch Bridge Insurance. Bridge Insurance has been launched on Jumper.Exchange, with bridge insurance fees typically ranging from 0.1 to 0.5%.

LI.FI collaborates with DeFi Insurance Agreement InsurAce to launch bridge insurance products

Are you familiar with the concept of bridge insurance and how it can help protect your investments in the cryptocurrency market? If not, you’re in luck – LI.FI and InsurAce have partnered up to offer Bridge Insurance, and it’s already available on Jumper.Exchange.

What is Bridge Insurance?

Bridge Insurance is a type of insurance policy that protects against the risk of loss during cross-chain transactions. When you transfer assets from one blockchain to another, there’s always a chance that something could go wrong. The transaction could get delayed or canceled, or the value of the asset could change drastically.
Bridge Insurance is designed to mitigate these risks. If something goes wrong during a cross-chain transaction, the policyholder can file a claim and receive compensation for their losses. This kind of protection can give investors more confidence when moving assets across different blockchains.

Introducing LI.FI and InsurAce

LI.FI is a cross-chain transaction aggregator that helps users move their assets across different blockchains. By partnering with InsurAce, they’ve added an extra layer of protection for their users. InsurAce is a decentralized finance (DeFi) insurance agreement that provides insurance for various DeFi protocols and applications.
By coming together, LI.FI and InsurAce have created Bridge Insurance. This new product is available on Jumper.Exchange, and it’s an essential tool for anyone involved in cross-chain transactions.

The Benefits of Bridge Insurance

Bridge Insurance provides various benefits for investors. Firstly, it offers peace of mind. When you’re moving assets across different blockchains, there’s always a risk that something could go wrong. Bridge Insurance protects against that risk, helping investors feel more secure in their transactions.
Additionally, Bridge Insurance can help attract more investors to the cryptocurrency market. Many people are hesitant to invest in cryptocurrency because they’re afraid of the risks involved. Bridge Insurance helps mitigate those risks, making it more appealing to potential investors.

How Much Does Bridge Insurance Cost?

The cost of Bridge Insurance varies depending on the specific transaction. Typically, the fees range from 0.1% to 0.5% of the total transaction value. While this may seem like a lot, it’s a small price to pay for the added security and peace of mind that Bridge Insurance provides.

Conclusion

In conclusion, Bridge Insurance is a vital tool for anyone involved in cross-chain transactions. With the partnership between LI.FI and InsurAce, Bridge Insurance is now available on Jumper.Exchange, providing an extra layer of protection for investors. Don’t overlook the importance of Bridge Insurance – it could be the difference between a successful transaction and a costly mistake.

FAQs

**Q1. Who can benefit from Bridge Insurance?**
Anyone involved in cross-chain transactions can benefit from Bridge Insurance. It offers an extra layer of protection and peace of mind when moving assets between different blockchains.
**Q2. How much does Bridge Insurance cost?**
The cost of Bridge Insurance varies depending on the specific transaction, but typically ranges from 0.1% to 0.5% of the total transaction value.
**Q3. Where can I purchase Bridge Insurance?**
Bridge Insurance is currently available on Jumper.Exchange, thanks to the partnership between LI.FI and InsurAce.