INS3.Finance

INS3.Finance is the world’s first completely decentralized insurance.

INS3, as the world’s first completely decentralized insurance. Users and oracle nodes jointly decide the market, assets, and the deposit/withdrawal condition of centralized exchanges through the independently built claim oracle. Thereby abandoned the process of voting on governance tokens to determine whether to reimburse or not and minimized the governance of the system. INS3 --- an original insurance project, with an innovation model of "DeFi + NFT + oracle + cross-chain".

INS3 covers your valuable crypto assets in a trusted, borderless & secure manner through a fair launch and our decentralized coverage plans.

INS3 is a decentralized coverage protocol and tail risk derivative platform to address various types of risks in the volatile crypto market.

What kind of risks does INS3.Finance cover?

A We currently offer coverage for:

·CEX risk: The market, assets, and withdrawal of API can not afford external users-related services for more than 30 days, or withdrawal of API can not afford external users for more than 90 days.

·SWAP type DEX risk: The insurance coverage, anyone LP’s Radio in is less than 0.75 for up to 30 days, that is, the compensation will be paid.

·DeFi risk: Any DeFi project, as long as the withdrawal rate is less than 80%, the claim will be settled.

For details, please check the Compensation Method for each type of cover.

Q Is there any pre-requisite to use INS3.Finance services? Eg. member registration or holding $ITFX tokens?

A No, INS3.Finance does not require users to register as a member, complete KYC or hold any $ITFX tokens to use the services. Anyone with a wallet can connect to the protocol and use the services. To learn more about how to use the services, please check our User Guide.

Q How to buy cover?

A INS3.Finance allows anyone with a wallet to purchase covers simply by connecting their wallet to the APP.

1. Navigate to the interface and connect your wallet.

2. Choose the currency (payment method).

3. Enter the cover amount and the cover period for each protocol.

4. Get the quote and confirm payment.

Please check How to buy cover for more details.

Q How to make a claim?

A To the compensation area to apply for a claim

Please check How to make a claim for more details.

Q How will the claim be assessed?

A In INS3.Finance, the comprehensive report of the Oracle prediction is used to determine the compensation, the compensation will be automatically paid to the policyholder.

Please check How to make a claim for more details.

Q What are the risks of underwriting mining?

A Assets staked in the underwriting mining pools may be used for claim payouts. In scenarios where there is insurance claim and payout, we will use the premium pool as the first tranche for payout. If it is not sufficient, we will use the capital in the underwriting mining pools as the second tranche.

Please check Risk of staking for more details.