InsureDAO~A Non-custodial Insurance Protocol On Ethereum Network

Crypto Dost
1 min readAug 18, 2021

An article about InsureDAO,First of all, I’m not good at English.I think this test has been done very well.There are also functions.Very simple and convenient.Yes, deposits can be pledged.You can lock insure to improve liquidityYes, it can be redeemed, and the return is good.But there was a problem with the lock.When I enter the value and click Write,”ALERT: Transaction error. Contract code execution exception.”This step cannot be completed.This is the step of the picture I sent above.At present, no trading function has been found, and I don’t know if it will be launched later.And those pictures are very nice, and they should represent some cultures.This is very creative.One of them should be Osaka Castle MuseumOh, and Miyamoto Musashi,It has a strong traditional culture, I think these designs are very good.

What is 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 insurance without KYC.

Here are some key points for brief:

・Risk and premium are determined by the supply-demand algorithm, making premium rate always at fair market price.

・Incident reporting and governance decisions are made by insureDAO’s native token (SURE) holders.

・SURE tokens will be distributed to the community through liquidity mining and airdrop.

For more details, please join our community!

Discord: https://discord.gg/8BA5f5rurq

Twitter: https://twitter.com/insuredao

Website: https://www.insuredao.fi/

medium: https://medium.com/insuredao/introducing-insuredao-c5be8eae07a5

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