👾InsureDAO for DeFi Users
Get Covered
InsureDAO provides coverage for loss of funds from incident on a DeFi protocol, and how does it work?
Get coverage by paying premium with USDC.
When you lose money from incident on covered protocol, you get money back from InsureDAO
There are maximum of 14 days of grace period after the incident happen until your policy becomes claimable.
your coverage will be expired as purchased duration has passed.
Provide Coverage
User can also underwrite (sell insurance policy) to earn their premium.
This is How it works:
Underwriters earn Premium revenue of USDC
Underwriter can earn INSURE token as extra reward
Farming INSURE can be boosted by locking INSURE
There are two types of pool.
Single Pool: sell insurance of single protocol.
Index Pool: sell insurance of multiple protocols simultaneously with a leverage
Index pool tends to have higher organic APR, since you are selling more coverage value than underwritten value.
All underwritten assets are stored in the Vault contract, and in the future, this asset will be utilized on strategy to seek additional revenue for underwriters.
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