CoverCompared partners with Polytrade!
We are delighted to announce that CoverCompared has partnered with Polytrade — a DeFi solutions provider. We are constantly expanding our network and widening our offerings to ensure that we offer our community the best and most comprehensive range of insurance products in the market.
CoverCompared x Polytrade
Polytrade works on a DeFi network- a borderless financing infrastructure that provides crypto investors access to real-world assets and bridges the gaps in traditional receivables financing by accessing untapped crypto liquidity.
This partnership aims to bring insurance backed real-world assets to the crypto world. Simultaneously, CoverCompared users will have access to low interest and swift financing to free up critical working capital tapped from crypto lenders.
The CoverCompared solution
At CoverCompared, we build a bridge between the actual and virtual world and 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.
As we continue to grow our platform and establish more global partnerships, we are confident that our solutions optimize the user experience and prioritize people’s needs above everything. We will continue to experience sustainable growth as a pioneer in the world of cryptocurrencies.
Kunal Sadani, CEO and Founder of CoverCompared
“We are very excited for this partnership with Polytrade. This will significantly benefit both our communities and revolutionise the DeFi insurance space.”
Piyush Gupta, Founder & CEO of Polytrade
“CoverCompared brings us a ready marketplace of insurance services that our liquidity providers and ourselves can quickly purchase, within our interface. This will reduce exceedingly high amount friction currently existing in the insurance buying space. We look to CoverCompared for providing best of their coverage towards Smart contract, product and credit insurance products.”
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 blockchain technology and tokenized incentives.
Polytrade is a blockchain-based decentralized protocol aiming to transform receivables financing connecting buyers, sellers, insurers, and investors for a seamless experience. It brings safe and insurance-backed real-world assets to the crypto world. Polytrade will provide real-world borrowers access to low interest and swift financing to free up critical working capital tapped from crypto lenders. While the project will start with a focus on trade finance, eventually, it would evolve into a full-stack lending protocol for small businesses.