Custom Bundled Cover
How to customize your own Bundled Covers.
Users who wish to have their own customized bundle of protocols covered and meets the following requirements are free to apply at Custom Bundled Cover Request:
  • Minimum purchased cover amount: $500,000
  • Minimum purchased cover period: 1 month
The processing time generally takes around 5 to 7 working days. You will be notified via email if your application is approved.

What is a Bundled Cover?

Bundled Covers bundles 2 or more different covers/protocols together into a single package. This allows Cover Purchasers to enjoy significantly lower prices, better user experience, and broader coverage in a single product. Cover Purchasers of a Bundled Cover are entitled to submit a claim for their losses if one or more covers in the bundle were triggered.
Bundled Covers are designed for users who invest directly or indirectly across multiple protocols:
  • Direct investment: User deposits in Protocol A, receives LP tokens (interest-bearing tokens) from Protocol A, then deposits said LP tokens in Protocol B.
  • Indirect investment: User deposits in Protocol A. Protocol A then deposits assets on User's behalf in Protocol B to generate yield for the User.
Example: Anchor+Mirror+UST De-Peg Cover
User A deposits 100 UST into Anchor and receives 100 aUST in return. The 100 aUST is then deposited in Mirror protocol. Usually, to be fully covered, User A needs to buy a cover for UST de-peg risk with a cover amount of 100 USD, a cover for Anchor with a cover amount of 100 USD and another cover for Mirror with a cover amount of 100 USD. A more efficient way is to purchase InsurAce.io's Anchor + Mirror + UST De-Peg bundled cover. User A can just purchase a single cover with a cover amount of 100 USD, and get covered for two protocols and a stablecoin.
Example: Alchemix+Yearn Finance Cover
User A deposits 100 DAI into Alchemix protocol. Alchemix deposits the 100 DAI in Yearn Finance's yDAI Vault. Usually, to be fully covered, User A needs to buy a cover for Alchemix and a cover for Yearn Finance, each with a cover amount of 100 USD. With InsurAce.io's Alchemix+Yearn Finance bundled cover, User A only needs to buy one cover with a cover amount of 100 USD, and get covered for both protocols.
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