Saakuru-MetaOne-logo
Embeddable SDK
Cashback
dApp Store
Referrals
Help
Saakuru-MetaOne-logo
Saakuru-MetaOne-Discovery
Discovery
Saakuru-MetaOne-Apps
Apps
Saakuru-MetaOne-Games
Games
Saakuru-MetaOne-Search
Search
Explore Web3 & Metaverses intuitively with Saakuru App
Created by
Saakuru-MetaOne App logo
Saakuru-MetaOne-Discover
Discover
Saakuru-MetaOne-Apps
Apps
Saakuru-MetaOne-Games
Games
Saakuru-MetaOne-Search
Search
Saakuru-MetaOne-Saakuru-MetaOne-banner-logo
Saakuru-MetaOne-Saakuru-MetaOne-logo

InsureDAO

The Decentralized Insurance Protocol
Category
Saakuru-MetaOne-Saakuru-MetaOne Category
Finance
Blockchain
Saakuru-MetaOne-Ethereum-badge-icon
Ethereum
Currency
Saakuru-MetaOne-currency-icon
INSURE
Saakuru-MetaOne-game-image
Saakuru-MetaOne-game-image
Saakuru-MetaOne-game-image
Saakuru-MetaOne-game-image
Saakuru-MetaOne-game-image
What is InsureDAO?
InsureDAO is the open insurance protocol where users can create an insurance market and participate as insurance buyers or underwriters. Insurance buyers pay a premium to an insurance market to get insured by potential incidents, while underwriters are able to earn a premium by locking liquidity.

Insurance is the masterpiece of DeFi scalability - we stabilize the entire ecosystem What makes InsureDAO different is our ability to handle everything from creating and selling insurance, to managing surplus funds. We enable DeFi protocols to easily provide full-featured insurance services to users, whilst ensuring maximum returns for our underwriters.

Get covered everywhere you go
With our simple user interface and user experience, anyone can operate InsureDAO to purchase a wide variety of insurance policies at any time.

We offer a range of insurance products, which use dynamic pricing in the calculation of premiums to prevent sellouts.

Support trustworthy projects and profit
InsureDAO enables underwriters to provide liquidity where they want, leverage their funds and adjust their risk.

Additionally, we invest the locked funds in the best lending protocol, allowing you to receive; the premiums of the insurance buyer, the INSURE token, and the investment profits.

Make your protocol secure & reliable
InsureDAO provides full-featured insurance services, that can be easily integrated into any DeFi protocol.

It allows every DeFI protocol to begin offering its own insurance services immediately, allowing your users to feel secure and confident in their investments.

InsureDAO
InsureDAO is a peer to pool insurance market protocol builds on Ethereum. The operation and management of the protocol are controlled by a DAO, and anyone with access to Ethereum can create, purchase, and underwrite any insurance without KYC. Moreover, each insurance pool is separated on InsureDAO. That is to say, any payout from a certain insurance pool doesn’t affect other insurance pools.

Insurance pool creation
InsureDAO allows users to create any insurance pool like anyone can create any liquidity pool on Uniswap, since InsureDAO separates insurance pools for each protocol and the risks are segregated. Therefore, any insurances, including even risky protocol insurance, will be available to buy and sell on InsureDAO.

After 5 years
Protocols without inflation won’t be able to incentivize community members and may fail to attract new talented DeFi users in the future. This may lead protocols to be trapped with existing token holders and fail to expand the ecosystem. Therefore, we decide to keep the option for permanent inflation after 5 years. We will let the DAO decides whether to mint 2,800,000 tokens per-year since the 6th year. Even if the DAO chooses a permanent mint, we think that the buyback and burn will adjust the total supply and not cause extreme inflation.
Information
Type
Automated Market Maker
Blockchain
Ethereum
Currency
INSURE
Platform
Windows, macOS
FAQ
InsureDAO allows DeFi protocol users to earn their annual interest safely, hedging against hacking risk by providing a coverage policy.
If you want to get covered when you ape-in-to the newly developed DeFi protocol, you can simply find and buy the policy from InsureDAO!
If the DeFi protocol is attacked and you suffer a loss, ReportingDAO, an incident oracle, will pay you out according to your policy.
Your loss will be covered by the policy, that's how InsureDAO works.
The pool takes a 10% performance fee. If the pool is unprofitable, there are no fees charged.
ReportingDAO as Indirect Democracy
As the judgment module, InsureDAO delegates the authority of insurance payments to the ReportingDAO. Between automatic and manual judgement, this option was chosen as the base of decision making to be flexible to fit all kinds of incidents.
‌The ReportingDAO consists of members who is the expert in smart contract & security. The ReportingDAO is intended to be neutral and expected to validate the incident case based on the fact and payment guidelines.
We don't assess risk for each protocol. However, we introduce the dynamic pricing model that determines the risk premium for each insurance pool.
Since providing liquidity to an index is leveraged, there is a risk of insolvency if more than the underlying assets are paid out. To prevent it, InsureDAO has several mechanisms.
Maximum allocation limit to one pool
InsureDAO sets the maximum allocation limit to one pool so that the underlying asset remains solvent even if all the allocated credit to one pool is paid out.

Leverage rate control operation
When the underlying asset of a pool is paid out, the leverage rate becomes higher. In such cases, InsureDAO would conduct deleverage operations, which forcibly deallocate credit from pools to lower the leverage rate. Also, those who provided liquidity become unable to withdraw until the leverage rate gets back to the safe rate. Other than de-leverage operation, leverage rate can be lower when 1) new liquidity is added or 2) an index earned premium, which will be compounded as the underlying asset.
Social Links
Saakuru-MetaOne-Twitter
Twitter
Saakuru-MetaOne-Discord
Discord
Saakuru-MetaOne-Telegram
Telegram
Saakuru-MetaOne-Medium
Medium
You Might Also Like