The Neptune Mutual protocol is based on a parametric cover model that offers policyholders protection against exploits of cryptocurrency exchanges, custody providers, smart contracts, and also metaverse projects. There is no need for individual assessment of each claim and no need for proof of loss documents. Once resolution is reached on the cover incident, via the NPM governance participants, the payout is validated for every policyholder. The underlying principles of the Neptune Mutual protocol design are: low risk, scaleable, secure and ease-of-use.
Neptune Mutual platform explores new avenues to creating user-centric cover products on the blockchain. By offering stablecoin-based parametric cover pools for accurate risk management, we aim to attract a steady userbase and growing liquidity to the platform.
At Neptune Mutual, we aim to build the first generation DACO, a fully decentralized autonomous cover organization. From purchasing cover from a pool, reporting an incident, dispute resolution, to claims payout, everything is fully transparent and decentralized.
Neptune Mutual is not a decentralized insurance protocol. In the Neptune Mutual platform, you do not need to register and become a member or go back and forth between the underwriters, claims adjusters, and involve in any activity related to verification and assessment of the cover you purchased. Anyone who has cToken can fully claim the cTokens for an equal amount in stablecoin payout whenever a cover incident occurs. In Neptune Mutual, there is no need for a middleman who checks claims individually. If a cover claim is valid for one, it is equally valid for the rest. Moreover, the incident does not necessarily have to result in your financial loss.
Through governance, the Neptune Mutual DAO can easily handle any cover situation. However, we’re only focusing on the smart contract and exchange coverage initially. The primary reason is commercial and competitive advantages and opportunities for our DAO.
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Documentaries, videos and podcasts
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- Blockchain and cryptocurrencyTopics related to blockchain and cryptocurrency.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.