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 Lending (To Be Developed).

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.

Dynamic pricing

InsureDAO uses an algorithm to measure risks and the pricing of premiums based on the market’s supply and demand. Also, to prevent the drastic change of the premium, InsureDAO uses one more parameter, Insurance Pool TVL. When the TVL is under $1M, the change of the premium rate would be flatter.

The smart contract for the following token contains variable tax rate function - this open the opportunity for contract owners to modify the contract behaviour (ie. change fees, or transfer tokens). Please exercise with extra caution if you are investing in this token.