Uno Re’s V2: What’s next and why you should be excited?

Uno.Reinsure
Uno Re
Published in
2 min readNov 26, 2021

Uno Re’s Risk Investment dApp was launched in September, and in no time, we filled our risk pools and ensured the launch was a success.

We’re all geared up for the launch of V2, and we couldn’t be more excited to share more details with you.

Let’s dive straight in!

Single-Sided Insurance Pool (SSIP)

What is SSIP?

This pool was made for the benefit of Uno Re’s users and our upcoming partners.

The SSIP, commonly known as the $UNO risk pool, will serve as the bedrock for all policies sold on the platform.

How does it work?

Powered by an in-depth risk analysis AI-based algorithm , users stake their $UNO just like how they staked their USDC in the app’s first version and contribute to providing insurance capacity to our cover portal.

What’s in it for you?

Stakers of the SSIP will receive block rewards in $UNO.

It’s for the first time, stakers of the protocol know precisely where their assets are and for what it’ll be used, including the policies that consist of various specialised insurance covers we offer, including covers for NFTs, metaverse staking pool, bridge protection and more — in other words, transparent staking.

Cover Portal

With Uno Re’s Cover Portal, users can insure any asset in their wallet. With new features and optimisations we’re developing every day, we know it will be the next big thing in DeFi.

The process will be super-efficient and easy to use. The dApp will scan the user’s wallet, detect insurable assets, measure any possible risks using an AI-based algorithm and allow users to purchase coverage for any token in their crypto wallet instantly.

We’ve published a detailed article explaining the above here.

All in all, V2 is something we’re truly looking forward to, and so should you. We’ll have so much going on, including our Testnets, respective bug bounty programmes and competitions.

Be a part of the next big transformation in DeFi.

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.

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Uno.Reinsure
Uno Re
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