Stablecoin depeg Cover

Users can hedge against USDT depegging risks by paying premiums and receiving policy tokens in return. InsureDAO checks the time-weighted average price for 48 hours, determined by chainlink's oracle. If that price falls below a predefined threshold, the contract will say that the claim is valid and InsureDAO will allow users to swap their target stablecoin for USDC. Otherwise, the contract will reject the claim and won’t payout anything.

	USDT	sUSD
Strike Price	$ 0.98	$ 0.98
TWAP Period	2 days	2 days
TWAP Frequency	Every 3 hours	Every 3 hours
Claim assessments	Automatically	Automatically
Redeemable period	7 days	7 days