CoverCompared welcomes Unreal Finance onboard
We are thrilled to announce that we have partnered with Unreal Finance, a decentralized unrealised-yield platform where users can lock in fixed interest rates for both lending and borrowing.
Our new partner, Unreal Finance, promises an innovative solution to the frustration experienced by yield farmers when the yield interest rates fluctuate a lot. By offering them the option to tokenize their future yields via smart contract interactions, the platform enables users to lock in their interest rates, thus getting a fixed price. It also allows lenders to speculate on and trade interest rates across multiple protocols.
CoverCompared x Unreal Finance
Unreal Finance is amongst innovative platforms that aim to take the use cases of DeFi to the next level and make DeFi space more attractive for all types of users. Our matching goals make this partnership exciting and hopefully, fruitful.
Thanks to this partnership, Unreal Finance users can now access the CoverCompared platform and purchase smart contract covers to protect their funds against possible vulnerabilities since their platform relies on smart contract interactions for tokenization.
As the first-ever platform to allow gasless policy purchasing, we are happy to help yield farmers and derivative traders using Unreal Finance get access to affordable insurance policies.
We rely on our expertise in blockchain technologies to provide value-added solutions to the ever-growing DeFi space. Our rapidly growing partnerships and the constant support we get from communities will strengthen the innovations we aim to bring into the field of DeFi insurance. Unreal Finance being our newest partner, will help us get one step closer to our ultimate goal.
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.
About Unreal Finance
Unreal Finance is a decentralized protocol that allows users to tokenize the yield generated by popular lending protocols such as Compound, Aave, Unilend etc. It allows users to lock-n their interest rate by tokenizing their yields and getting a fixed interest rate. By using Unreal Finance, users can instantly sell their unrealised yield, effectively locking their interest rate at a fixed price. Moreover, traders can also speculate on the unrealised yield.