Uno Re’s Staking Pool Model Explained
Single-Sided Insurance Pool (SSIP) & Single-Sided Reinsurance Pool (SSRP)
Uno Re’s staking pools are designed to be safe and secure for any staker that wants to participate.
Alongside offering satisfying staking rewards, our pools also allow stakers to contribute to safeguarding the crypto space.
Even if a hack does take place and Uno Re is responsible for the claim payout — your APRs are barely affected.
For eg, during the Umbrella hack — The claim payout was processed from the protocol’s premium pool, ensuring zero capital erosion from the protocol’s staking pool.
We have also taken the time to strategize on how to efficiently manage the capital of all stakers for future circumstances — allowing users who like to enjoy passive income to rest assured.
The SSIPs, also known as the UNO risk pool offering high APRs, is serving as the bedrock for policies sold on our platform. Users stake their UNO or ETH and contribute to providing insurance capacity to our cover portal and receive block rewards in $UNO.
The SSRP on the other hand is the DeFi’s very first reinsurance pool. This staking pool was introduced to reinsure the SSIP pool in case of Black Swan events and is offering stakers amazing APRs of up to 90%.
To access our staking pools and start earning passive income while helping us safeguard the DeFi space:
-Launch our dApp,
-Connect your wallet,
-Select the staking pool,
-Stake the compatible coin,
-Enjoy your passive income!
Staking pools are an essential part of the Uno Re ecosystem. Rewarding as they are, our staking pools also serve a valuable purpose: to make DeFi more secure for everybody.
Through staking pools, we gain the insurance capacity for our Cover Portal which will be the last word in DeFi insurance and allow users from all around the world to get access to coverage upon its launch.
We heartily appreciate stakers for helping us offer insurance and reinsurance services to our partners and their users. As we grow together, our insurance capacity will also grow to meet the increasing demand for DeFi insurance.
About Uno Re
Uno Re is the world’s first decentralized insurance and reinsurance platform, allowing the community to invest and trade in ‘risk’ and receive sizable returns on their investments in one of the safest asset classes in the world. The platform will break barriers to entry for the retail investor by doing away with the historic pre-requisite of absurdly high capital generally needed to invest into the market while also introducing much-needed transparency into the industry as a whole. Uno Re will also allow the community to propose innovative insurance products to the space, thus propelling a new generation of Insurtech companies powered by the Uno Re ecosystem.
