nsureDAO is a peer to pool insurance market protocol on Ethereum.
On InsureDAO, anyone can create, purchase, and underwrite any insurance without KYC.
InsureDAO has following distinctive functionalities.
・Insurance pool creation
InsureDAO allows users to create any insurance pool like anyone can create any liquidity pool on Uniswap. Any insurances, including even risky protocol insurance, will be available to buy and sell on InsureDAO.
This functionality is not available on the testnet since we want to guide testnet participants to InsureDAO through the insurance pool we have set up.
・Dynamic pricing
InsureDAO uses an algorithm to measure risks and the pricing of premiums based on the market’s supply and demand. InsureDAO aims to ensure that insurance is always available by dynamically adjusting insurance prices based on market demand and supply.
・Custom Risk Index
Custom risk Index consists of different insurance pools. Liquidity provider can select any index to deposit their funds based on their risk appetite. Furthermore, every index pool leverages its staked liquidity and provide them to their underlying pools, increasing the underwriter’s fee earnings while lowering insurance premiums.
Leveraged rate and liquidity allocation among underlying pools will be determined by DAO.
・Liquidity Mining & boost
InsureDAO has a liquidity mining program with a reward of our native token “INSURE”. You can participate in the program by providing liquidity into insurance pool as an underwriter. Moreover, you can boost your INSURE reward up to a maximum of 2.5x by locking INSURE for the period you choose (Min: 1 week, Max: 4 years). The longer you lock your INSURE for, the more boosting power you have.




Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Why Michael Saylor Is As Dumb As Everyone Else

While average consumers may be more than happy in terms of dollars and keeping the funds in gold…

How to hack an EOS casino

Elon Musk Reveals His Crypto Portfolio at the “B Word” Conference

Titano — a reflection token with a twist

NFTs — the new drug for the digital classes

“Want $30 million from an ICO? Make 500 publications”

How I Learned To Stop Worrying And Love Libra

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
razia sharif

razia sharif

very ni

More from Medium

AMA Recap: MegaVentures x iSwapCom

AMA Recap CryptoNews ID with Titan

The Mysterious Island [ Snake Island ]

Bybit Launchpool is excited to introduce $SON, the governance token of GameFi project SOUNI.