We are delighted to announce Centaur as an official partner at CoverCompared. We are constantly growing and expanding our platform to make sure that we offer our users the best policies and widest array of insurance options that are available in the market.
CoverCompared x Centaur
Centaur is a semi-decentralised suite of solutions that has three main pillars: a main-net, a swap and, a multi-asset wallet. Each one of these was developed with the intention of remedying a persistent flaw plaguing popular DeFi solutions while being highly synergistic as a part of an ecosystem.
This partnership will give Centaur users access to the CoverCompared platform from where they can buy a wide array of different insurance products. Simultaneously, this partnership will also give the CoverCompared community access to a platform that specialises in DeFi solutions.
The CoverCompared community can utilise the Centaur platform to deposit tokens into the Centaur Swap pools. These deposits will increase the liquidity of the pool and reduce slippage faced by traders along with LP tokens which can be staked to farm WHEY rewards (governance token for Centaur Swap).
CoverCompared is the way forward!
In an era where digitalisation is peaking in every regard and cryptocurrencies are gradually becoming more established in the global landscape of currencies, the need for added security on investments is more than ever. CoverCompared is the way forward.
We not only build a bridge between the actual and virtual world but also create a secure gateway for insurance protocols in the cryptocurrency realm. Our protocols are consistently updated to ensure we are up to date with market trends and that our users are well suited to adapt to any obstacles they may face.
Kunal Sadani, CEO and Founder of CoverCompared
“We are very excited for the partnership between CoverCompared and Centaur. This partnership will significantly benefit both our communities and increase the pool of insurance products offered for DeFi solutions.”
Sean Kor, Co-Founder of Centaur
“CoverCompared is providing a much-needed service to a financial sector known for high risks: its crypto-insurance is not only a safety net for current crypto investors, but also a potential springboard for those who may be interested in serious participation in DeFi but might have been otherwise dissuaded due to having a lower risk appetite.
As a fellow platform aspiring to strike a holistic balance between risk-management and reward generation, we believe that its users will appreciate the security of single-side staking on our swap”
CoverCompared is the First DeFi insurance marketplace for the global crypto ecosystem. We aim to lower transactional and administrative costs of insurance policies and coverage while providing high-value, cost-effective insurance products bought using a host of cryptocurrencies.
Our platform will be connecting users with multinational insurance providers for all global insurance products such as crypto-related protection, health, life, and travel policies. The platform will include a frictionless insurance marketplace experience that incorporates next-generation block chain technology and tokenized incentives.
By combining the best elements of decentralised finance with measured regulatory control, Centaur is bridging DeFi and traditional finance. For more information, please visit our website, join our Telegram community discussion group and announcement channel.