INS3.Finance Launches DAO Lock-up Insurance Investment Function
London, United Kingdom--(Newsfile Corp. - December 16, 2021) - Recently, INS3.Finance launched a new insurance investment function, using the DAO to invest more money and equity in ITFX for incentives.
INS3.FINANCE
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7987/107682_4a11882104bdda2e_001full.jpg
INS3. Finance abandons the process of governing token voting to decide whether to pay, and automates reimbursement judgment by building a decentralized, impartial Blockchain Oracle system. For exchanges, INS3. Finance's Oracle tests the exchange's withdrawals daily to see if they are paying; for DEX, the balance sheet ratio is used to determine whether or not to pay; for machine gun pools and lending items, the physical delivery model of put options is used to determine whether or not to pay.
Bringing independent research results to Underwriting
INS3. Finance's underwriting model is based on the concept of game theory, as the capacity of each insurance product relies on staked INS3. Finance tokens from risk-takers. INS3. Finance expect underwriters and the sophistication of their strategies to increase as competition increases, taking exposure based on their own perception and evaluation of risks in comparison to estimated returns. Successful strategies can be deciphered on Ethereum-like public chains, by looking at staked token amounts. These reflect the research and strategy of an Underwriter. INS3. Finance privacy technology is yet another example of how sensitive data can be preserved.
"When it comes to building a risk marketplace offering insurance solutions for decentralised protocols, its accessibility should be discretionary for users among different blockchains. After considering implementation on different layer one protocols, the INS3. Finance and its on-demand privacy feature is one of the best structures we have come across with. Privacy opens up a new spectrum of opportunities and features, allowing insurance to be purchased/underwritten in a game-changing environment," commented Louis Rothschild, Senior Decentralized Insurance Analyst at INS3.Finance
Fair and privacy-preserving claim assessment
INS3. Finance's claim assessments include a section where claim assessors can access the filed claim and broadcast their decision related to a given claim submission. This being a key step influencing the final result during claim assessments, it would enhance neutralism of the process, e.g. having voting results kept private while the voting is on-going.
Over the long term, INS3. Finance are committed to working together and exploring alternative ways to offer dedicated insurance for different verticals, moving beyond smart-contract exploitability.
By allowing for data to be utilized by INS3. Finance for risk assessment purposes while preserving privacy, users could be able to benefit from accurately priced on-chain insurance coverage for external events.
About INS3.Finance
INS3.Finance is a decentralized multi-chain insurance protocol, to empower the risk protection infrastructure for the DeFi community. INS3.Finance offers portfolio-based insurance products with optimized pricing models to substantially lower the cost; launches insurance investment functions with flexible underwriting mining programs to create sustainable returns for the participants; and provides coverage for cross-chain DeFi projects to benefit the whole ecosystem.
INS3.Finance is backed by Web3.VC, OKEx Blockdream Venture, Conflux, Legos capital, BiKi, Horizon capital, Gate labs, Beagle capital, Orange code capital and a dozen other funds.
Media contact
Company Name: SKYCIR LIMITED
Contact: Louis Rothschild
Address: APARTMENT 1804 55 UPPER GROUND LONDON ENGLAND SE1 9EY
Website: https://www.ins3.finance/
Email: ins3project@outlook.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107682
