UnoRe dApp V2: In a Nutshell
In the past year, Uno Re has grown at a rapid pace and hit many milestones. Currently, we are offering customized insurance solutions to over 25 protocols. Our partner ecosystem also expanded beyond expectations and at the time of writing involves 45 crypto projects.
The launching of our dApp was without a doubt one of the most exciting milestones we’ve hit. We successfully filled our pools up to 500,000 USDC and launched the test net of our Cover Portal.
This is Uno Re’s dApp v2 in a nutshell.
Let’s start with the basics.
How to use Uno Re’s dApp?
All you need to do is to go to app.unore.io and connect your wallet (MetaMask or WellConnect) to enjoy our dApp’s features. As of March 2022, you can invest in our pools that offer amazing APRs through our dApp.
On the investment page, you can find the details of our active and upcoming staking pools, including the Total Available Capital, Total Available Capacity, Lockup Period, and the Maximum Leverage Ratio.
Uno Re’s staking system enables you to know precisely where your assets are and for what they will be used, including the policies that consist of various specialised insurance covers Uno Re offers. In other words, transparency is of utmost importance to us.
Uno Re’s Cover Portal
Uno Re is here to help DeFi users stay safe under any circumstances by offering them insurance cover and forming partnerships with DeFi protocols that want to ensure the security of their users’ funds. Because without DeFi insurance, no DeFi protocol is truly safe.
At the time of writing, there are a total of 83 DeFi exploits that have occurred, with lost funds amounting to a total of approximately $2.3 billion at the time of these exploits. Note that these are only publicly known cases. The real damage might be much higher.
With Uno Re’s Cover Portal, you will be able to insure any asset in your wallet. We are confident the Cover Portal will be the next big thing in DeFi.
The process will be super-efficient and easy to use. The dApp will scan your wallet, detect insurable assets, measure any possible risks using an AI-based algorithm and allow you to purchase coverage for any token in your crypto wallet instantly.
We invite you to join our community and not only witness the revolution but also take part in it. Because the real target of DeFi hacks is no other than you, the user. Try our constantly developing dApp.
Our staking pool model is setting the ground for the revolutionary Cover Portal that will change the DeFi space for the better.
So, what kind of pools are there? Let’s take a look.
Uno Re’s dApp v2 investment pools
The v2 features several staking pools that complement each other in a perfect balance, as all things should be.
Single-Sided Insurance Pool (SSIP) & Single-Sided Reinsurance Pool (SSRP)
- The SSIPs, also known as the UNO’s risk pool, 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.
Note that at this stage, only the SSIP and SSRP are accessible for staking.
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.
