Uno Re’s V2: Reconceptualized
We have decided to broaden our horizons and diversify the concept of Uno Re’s V2.
What’s changing?
- Taking into account the volatilities in the underlying cryptocurrencies in our SSIP pool, we’ve decided on adding another pair of concomitant pools — Uno Re’s Single-Sided Reinsurance Pool (SSRP) and its accompanying Premium Distribution pool.
Single-Sided Reinsurance Pool (SSRP):
We’re launching DeFi’s first Reinsurance pool — something that’s never been explored before and below are a few features of Uno Re’s SSRP:
- will be managed by manual administration and will be used for claim events belonging to higher risk categories
- will enable us to keep our capital requirements safely above the MCR(minimum capital requirement decided by our DAO), ensuring there is enough liquidity to pay for claims filed in case of a black swan event
- enhancing $UNO’s deflationary properties by using $UNO’s circulating supply to provide coverage
- will allow stakers to earn rewards in APRs of up to 50%
With the over-collateralization that this addition affords us, Uno Re will explore new risk classes and truly insure any asset, on any chain, and ensure safe levels of liquidity at all times!
Are you new?
And don’t know what to expect from Uno Re’s V2 launch?
Catch our detailed article here.
About Uno Re
Uno Re is the world’s first decentralised 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.
