InsurAce says it’ll pay hundreds and hundreds to claimants after Terra’s crumple

InsurAce says this pays thousands and thousands to claimants after Terra’s give arrangement

InsurAce says this pays thousands and thousands to claimants after Terra’s give arrangement

DeFi insurance protocol InsurAce says it became as soon as properly inside its rights to minimize the claims duration for fogeys tormented by the Terra USD (UST) depeg tournament from 15 days to seven — but added it has already processed almost all 173 submitted claims and pays out $11 million.

InsurAce (INSUR) is the third biggest insurance provider for decentralized finance (DeFi) protocols, with a market cap of $15 million.

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