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NeptuneMutual

NeptuneMutual

Neptune Mutual is a multi-chain decentralized cover protocol

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.

Timeline

Further reading

Title
Author
Link
Type
Date

DeFi-ning DeFi: A Beginner's Intro to Decentralised Finance

Neptune Mutual

Web

February 9, 2022

How will DeFi change the financial game in the long run?

Neptune Mutual

Web

January 26, 2022

Documentaries, videos and podcasts

Title
Date
Link

Neptune Mutual - Medium

February 11, 2022

Neptune Mutual Raises Strategic Round, Led by Animoca Brands, to Build Cover Protocol for Metaverse Assets

January 5, 2022

References

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