Introducing InsureDAO First Batch Partner Program.
InsureDAO is now looking for the first batch partners for the upcoming mainnet launch in Q4 2021. The first batch partner will get support from our community as the InsureDAO whitelisted protocol.
What is InsureDAO
For someone who is not familiar with InsureDAO, let us explain the protocol briefly.
InsureDAO is a peer to pool insurance protocol aiming to ”Stabilize the entire crypto ecosystem”. On InsureDAO, anyone can create, purchase, and underwrite any insurance without KYC.
While other insurance protocols adopt single-pool insurance, we introduce the multiple-pool one. Multiple pool insurance means that insurance pools are separated for each protocol and their risks are segregated. That is to say, any payout from a certain insurance pool doesn’t affect other insurance pools. This enables anyone to add insurance flexibly. That’s why users can buy and underwrite a variety of Insurances.
At the launch, we’d like to provide insurance not only for the major protocols but also for the protocols that existing insurance protocols haven’t covered.
The First Batch Partner
What is the First Batch Partner
Today, we’d like to introduce the First batch partner program.
The First Batch Partner will be the whitelisted protocols whose insurance pool will be listed on our frontend.
*Although anyone can make any insurance pool on InsureDAO, InsureDAO doesn’t display all the insurance pools.
Adding to that, InsureDAO will distribute INSURE token rewards to their insurance’s underwriters. INSURE token rewards are also limited to the whitelisted pools.
So Incentive is…
・Insurance for the first batch partner will be listed on the top as the InsureDAO whitelist.
・INSURE token will be distributed as a reward to underwriters for partners’ insurance pool
The pools for first batch partners are expected to get more buyers and underwriters for their insurance pool than other protocols.
Application guide
The application detail is as below.
Period
1st October 2021 ~ 30th October 2021
*Or until the mainnet launch.
Requirement
Applicant should be a person/team of a DeFi project live on the EVM compatible chain (Ethereum, BSC, Polygon, Arbitrum, Optimism etc.) at the date of 1st November 2021.
Note that
・You need to deposit a certain amount of USDC as initial liquidity into your insurance pool if you are accepted as the first batch partner
・Insurance might be removed by the InsureDAO governance vote.
Application form
We will contact you by e-mail or telegram.
https://docs.google.com/forms/d/e/1FAIpQLSfkCuuUel1_vRJ5FFktQOoUor96j2ZKs0yncJBAJgkekEnfXg/viewform?usp=sf_link
Finally, we believe that insurance would be essential for DeFi to grow more and that in the future every DeFi protocol will offer their insurance as the minimum requirement, just like most protocols at this moment get audited before the launch.
Let’s have your own insurance pool now. Feel free to apply!
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
