As we are waiting for Moonbeam upgrading to mainnet, we migrate PolkaInsure to Binance Smart Chain.
We will use BurgerSwap Protocol to migrate PIS from ERC20 of Ethereum to bPIS on BEP-20 of Binance SmartChain (BSC). BurgerSwap bridge is only used for migrating PIS from ERC20 to BEP-20 bPIS (Binance SmartChain)
The SmartContract of PolkaInsure on Binance Smartchain is: 0x5e0bb3ec41fd0a01da072554d7bf8f83df6377fb
A part of Liquidity on Ethereum will be migrated to provide initial liquidity on PanCakeSwap of BSC. On this occasion 5000 PIS = 5000 bPIS will be allocated for Liquidity Mining program of PolkaInsure on BSC.
PIS holders can migrate PIS to bPIS and vice verse using BurgerSwap Protocol https://burgerswap.org/
PIS stakers and Farmers on Ethereum can withdraw liquidity from farming and staking pool to migrate to BSC.
Liquidity Mining program will start on 20 March 2021
It’s our pleasure to announce our partnership with Value Liquidity (VALUE), a staking, farming and defi services platform.
PolkaInsure will launch 2 pools: PIS-ETH and PIS-USDT on Value Defi Farms-as-a-Service (FaaS) platform. By launching these pools, users will have more opportunities to optimize their fund on the Value DeFi platform.
High Yield, Deflationary Farming, Value DeFi users will enjoy the benefit of farming PolkaInsure tokens.
Value DeFi and PolkaInsure also agree to test the products on Moonbeam and collaborate to launch the Moonbeam products on Value DeFi platform.
We are pleased to share that The Arcardia Group, well-know smartcontract audit firm, just released the Audit Report of PolkaInsure SmartContract. Now users, farmer feel safer while interacting with our smartcontract
Download the Report https://arcadiamgroup.com/audits/PolkaInsureAudit.pdf
The Arcardia Group announcement: https://twitter.com/TheArcadiaGroup/status/1352091118431825921
PolkaInsure launches the next phase in our roadmap: Deflationary Farming.
In simple terms, Deflationary Farming is Farming PIS to earn PIS even without minting any new PIS token.
In longer terms, Farming is a way of attracting liquidity addition from users. If you look at most of farming projects in the last few months (yeah lots of xxxSwap forks of sushiSwap), those farming projects usually provide high APY by providing high inflation in their token. High APY sounds attractive for farmers. That’s why those farming projects attract lots of liquidity put in the farms.
However, due to the high inflation…
The Next Generation of DeFi Insurance Protocol powered by Polkadot Ecosystem
As the name implies, PolkaInsure is a decentralized P2P insurance marketplace on Polkadot Ecosystem powered by Polkadot Ecosystem. The protocol aims:
to be one of the first pioneering protocols offering coverage for DeFi projects running on Polkadot Ecosystem.
to be a P2P market place that allows any user to request insurance and anyone to provide coverage.
2020 has been the year of DeFi in the crypto industry, with many projects transforming traditional financial products to decentralized ones. …