InsureDAO testnet goes

Through the InsureDAO testnet, you can experience the followings on the testnet interface: insurance trade, liquidity mining, and redemption. Additionally, you can try INSURE locking, although we don’t provide the front-end for locking on the testnet.

InsureDAO

InsureDAO is a peer to pool insurance market protocol on Ethereum. The operation and management of the protocol are controlled by the 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.

InsureDAO consists of the following 3 services: InsureDAO Build; InsureDAO Market; and InsureDAO Investment (To Be Developed).

InsureDAO Build

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.

Composable architecture

With the open insurance creation system, any new protocol can immediately build their reliability by creating insurance for itself and providing liquidity. Moreover, as each insurance pool is separated, protocols easily integrate our insurance scheme into their product.

InsureDAO Market

Dynamic pricing

InsureDAO uses an algorithm to measure risks and the pricing of premiums based on the market’s supply and demand. InsureDAO aims to ensure that insurance is always available by dynamically adjusting insurance prices based on market demand and supply.

Token reward

InsureDAO incentivise users to provide liquidity as insurance underwriter by token reward. Token allocation through Liquidity mining will continue perpetually. It provides continuous motivation for liquidity providers.

Custom risk Index

Custom risk Index consists of different insurance pools. Liquidity provider can select any index to deposit their funds based on their risk appetite. Furthermore, All index pools leverage their staked liquidity and provide them to their underlying pools, increasing the underwriter’s fee earnings while lowering insurance premiums.

InsureDAO Investment

Asset management (TBD

InsureDAO is planning to manage provided liquidity by following any arbitrary Investment strategy which will be determined by DAO. Returns from asset management will be added to liquidity providers’ income.