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What is Armor.Fi?

Armor acts as a protective shield within the DeFi ecosystem, streamlining the task of keeping your digital assets secure from hacking threats. Through the use of arCORE, you can effectively monitor and safeguard your cryptocurrency investments, only incurring costs for the duration you require coverage. Additionally, you have the flexibility to acquire coverage that can be traded, sold, or staked to earn extra rewards. By utilizing (w)NXM tokens for swapping and depositing, you can also create yield on your assets. Armor ensures that you can automatically shield your liquidity positions without facing extra charges. Acting as a decentralized brokerage, Armor provides coverage supported by Nexus Mutual’s pioneering blockchain insurance framework. Given the open-source nature of many DeFi protocols, these systems often become prime targets for hackers, and frequent significant breaches could impede the broader acceptance of DeFi solutions. Therefore, it is wise for users to consider insurance, particularly those who may struggle to recover from losses associated with smart contract flaws. Armor, as a smart insurance aggregator for the DeFi realm, is built upon principles of trustless and decentralized finance. Users have the ability to protect their investments against smart contract vulnerabilities across a variety of popular protocols, such as Uniswap, Sushiswap, AAVE, Maker, Compound, and Curve, which significantly boosts the security of their holdings. This all-encompassing strategy not only reduces risks but also instills confidence in users, allowing them to navigate the rapidly changing DeFi environment with assurance. By utilizing these advanced tools, investors can feel more secure and empowered in their financial decisions.

What is Acala?

Boost your decentralized application (DApp) on the Polkadot network by harnessing the capabilities of Acala, a smart contract platform that effortlessly connects with Ethereum and is designed specifically for decentralized finance (DeFi) applications. Acting as the central liquidity hub and DeFi network within the Polkadot ecosystem, Acala operates as a layer-1 platform focused on scalability, compatibility with Ethereum, and augmented DeFi features, including integrated liquidity and pre-existing financial solutions. Developers can take advantage of Acala’s trustless exchange, the decentralized stablecoin aUSD, and DOT Liquid Staking (LDOT), along with EVM+ capabilities, to capitalize on the benefits of both Ethereum and the extensive features offered by substrate technology. This integration facilitates the management of assets and derivatives based on DOT, as well as access to a stablecoin native to Polkadot and various cross-chain assets from leading platforms such as Bitcoin and Ethereum. Moreover, Acala's framework is meticulously designed for enhancements in DeFi, allowing for continuous upgrades without the need for forks, thus enabling new functionalities to be seamlessly integrated based on developer requirements. Additionally, the innovative on-chain 'keepers' serve to automate operations within the protocol, which not only improves risk management and user experience but also permits transaction fees to be paid using almost any token available, showcasing the platform's versatility and user-centric approach. This comprehensive ecosystem empowers developers to create more robust and efficient financial applications while fostering a more interconnected blockchain environment.

Media

Media

Integrations Supported

Ethereum
MetaMask
Telegram
Aave
Authereum
Ava Protocol
Blockdaemon
Centrifuge
Chainlink
Compound
Curve
DEX Screener
Notifi
Polkadot
SushiSwap
Synthetix
Trezor
Trust Wallet
Uniswap

Integrations Supported

Ethereum
MetaMask
Telegram
Aave
Authereum
Ava Protocol
Blockdaemon
Centrifuge
Chainlink
Compound
Curve
DEX Screener
Notifi
Polkadot
SushiSwap
Synthetix
Trezor
Trust Wallet
Uniswap

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Armor.Fi

Date Founded

2020

Company Website

armor.fi/

Company Facts

Organization Name

Acala

Date Founded

2019

Company Website

acala.network/

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