InsureDAO updates September 2021
Hi, InsureDAO community!!
We successfully completed the InsureDAO testnet with more than 20,000 users.
Thank you all for joining our testnet!
Today, we would like to share the monthly updates for September with you.
What we’ve done
Rebranding
We are really excited to share our new logo and landing page with you.
We’ve been working with Integral to renew our brand images, such as the logo, colour palette and landing page.
“In developing the new visual direction for InsureDAO, we wanted to emphasise the project’s unique, multisided approach to insurance, as denoted in the logo. Overall, the clean typographic direction, paired back aesthetic and abstracted blue palette all aim to create a sense of calm cohesion between the elements, echoing the seamlessness of user experience and novel approach to the insurance market.” comments Tom Eaton, Design Director at Integral.
You can visit Our new landing page here.
Also, as we’ve rebranded our image, we’re now working on a renewal of InsureDAO dapp UI according to our new brand style.
We believe that our new brand image can create a visual identity reflecting the InsureDAO concept more and the new style UI improve user experience.
Development (audits)
InsureDAO contracts can be divided into three parts — Insurance Market, Governance, DAO. We have developed the Insurance market from scratch. The governance part is the fork of Curve Finance, but translated into solidity. For the DAO part, we will use Aragon’s well designed & audited DAO framework.
As we mentioned last month, we are undergoing audits from Solidified and Quantstamp. Both of them audit our Insurance Market contracts and Quantstamp audits Governance contracts as well.
So far, Solidified’s audit has been done properly and now, we are in the middle of the Quantstamp audit. Quantstamp’s audit consists of two cycles and we are about to get the second one.
Testnet
Since the beginning of August, InsureDAO is live on the Rinkeby network.
We’ve already closed the application form for incentivised testnet campaign and got more than 15,000 applications.
Now, we are checking all the applications whether they meet the condition for rewards and how many missions they completed.
Although we closed the incentivised campaign, you can still visit and try InsureDAO on testnet!
https://rinkeby.insuredao.fi/
What we are doing/ will do
Smart contract development & audit
Our contract has a lot of features written from scratch and is composed of a medium amount of code. As We mentioned last month, we are undergoing audits from Solidified and Quantstamp, and we have gotten a lot of suggestions as well as security.
In response, we have decided to add some features, not only updates. As you know, smart contracts are basically impossible to update once deployed, and many features that are absolutely necessary for the future should be implemented before deployment. For this reason, we are currently implementing updates to prepare for possible changes in the future.
Moreover, we are planning to get another audit after the completion of the ongoing audit to merge these additional features.
Frontend development
As mentioned above, we’re now rebranding InsureDAO dapp UI. We will also reflect the feedback from testnet users to provide a more refined UI/UX for the mainnet release. For many people, DeFi insurance and DeFi itself are still new, and we are working to make DeFi more accessible and easier to understand.
ReportingDAO
As we announced before, Quantstamp becomes the first ReportingDAO member. We set ReportingDAO which is an independent group that investigates and reports to decide whether or not to pay out when a certain incident happens. You can see details in the article below.
We are still looking for a security expert, such as a code audit company, to be a reporting member. By becoming a reporting member, you’ll earn trust from the crypto market as well as fees from reporting/assessing reports. If you are interested in joining the ReportingDAO, please apply below!
https://forms.gle/8Jwkao35kURvvmYW8
Also, you can DM us via Twitter or Discord 😊
Protocol partnership
We are planning to start the InsureDAO partnership program for DeFi protocols. Partners will be listed on the InsureDAO market at the mainnet launch. Details will be announced soon.
Mainnet Launch
We are now planning to launch InsureDAO on the mainnet in Q4.
Sorry for the delay, but we decided to push the launch date back for further improvements of product and our security.
The Meme of the month
We love every InsureDAO meme created by the community, but this is our favourite for this month😊
About InsureDAO
InsureDAO is a peer to pool insurance market protocol on Ethereum. The operation and management of the protocol are controlled by the DAO, and anyone with access to Ethereum can create, purchase, and underwrite any insurance without KYC. InsureDAO recently closed a $1M financing round.
If you are interested in learning more, check out our white paper
Also, you can join us on Twitter, Discord, or Telegram! :)
Twitter: https://twitter.com/insuredao
Discord: discord.gg/8BA5f5rurq
Telegram: https://t.me/joinchat/3UrkC9PvIgg1YTA1
