NSure Description
The risk marketplace allows you to outsource the risks that you need and rewards you for underwriting those you are comfortable with. To obtain NSURE tokens, you can either provide capital to back insurance risk in the capital pool or purchase insurance coverage. NSURE tokens are automatically issued on every block. Nsure.Network allows anyone to purchase coverage. Capital providers can use NSURE to place stakes on specific insurance risks in order to receive daily insurance premiums. Non-correlated insurance products are eligible for leverage staking. Pricing is determined by the real-time supply and demand for insurance coverage for products. Capital models ensure that valid claims are paid on a regular basis and that systematic risk is managed.
NSure Alternatives
iTrust.Finance
iTrust.finance aims to increase efficiency and usability in DeFi Market. Maximizing coverage capacity and accumulating token rewards for stakers within the DAO; increasing overall market value of the underlying insurer protocol. iTrust.finance fosters mutually beneficial relationships between insurance protocols and stakers by maximizing rewards and increasing cover capacity for all members of the DAO and the wider DeFi community. Increase insurance protocol adoption and build cover capacity1. Nexus Mutual is our first partnership. We will soon be launching multiple protocols. Maximizing user stake rewards by understanding the risks surrounding exposure and leverage; and in future expanding to cross-insurer exposure. A simple user interface allows you to manage the entire process of end-to–end staking. It also provides an easy-to use reward accrual platform.
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Unslashed Finance
Unslashed is a crypto-safety protocol that covers all common risks associated with crypto assets. Unslashed provides instant liquidity for insurance buyers and risk-underwriters. It also ensures constant collateralization and guarantees transparency through an impartial claims process. It allows maximum flexibility and freedom by tokenizing coverage and using money streaming. The insured can pay as they please and can immediately stop the policy to sell it. Unslashed Finance provides coverage for a wide variety of products, markets, protocols, and markets. This protection and coverage is purchased by the user. It is also insured through other protocol participants who supply capital. The protocol uses the Unslashed DAO to provide the different policy parameters and protocol details. It also leverages integrations with Enzyme and Kleros for independent claims assessment.
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Insured Finance
A decentralized P2P marketplace for insurance that allows you to make claims quickly and receive instant payouts. Insured Finance, which is underpinned by the Polygon network and a P2P marketplace for insurance, is a P2P marketplace. Market participants can request or provide coverage for a wide range of cryptocurrency assets. Claims can be fully collateralized and payouts made immediately. Protect yourself against bugs and smart contract exploits Smart contract attacks have caused the loss of tens of millions of dollars. These events can be protected by Insured Finance. Hackers have caused the loss of hundreds of millions in USD. Users of Insured Finance can insure their holdings on cryptocurrency exchanges. Users with coverage will be compensated if the exchange is compromised or goes bankrupt. The stablecoin market is now worth more than $25 billion. Stablecoins are still vulnerable to security breaches and issuer bankruptcy. Stablecoin failure can be prevented by Insured Finance users.
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PolkaInsure Finance
A decentralized P2P marketplace for insurance on the Polkadot Ecosystem. The marketplace is managed entirely by Defi users within the Polkadot Ecosystem. Users who join the PIS governance token will be able to manage the marketplace. Anyone can request insurance, and anyone can provide coverage. When the product development is complete, Polkainsure will be migrated into a Polkadot Parachain. Because of high trading demand, PIS tokens are currently issued on Ethereum. PolkaInsure coverage could be purchased without the need for KYC. PolkaInsure smart contract code will be audited and deployed on the Polkadot Blockchain. Smart contract code handles claims, which ensures that insurance contracts are fully collateralized and payouts are immediate. Integrations built-in for assets such as DOT and ERC-20s and infrastructure services such as Chainlink and TheGraph. Our products were launched on Moonbeam testnet on Polkadot Network, the smart contract parachain. This is the first step for Shield Mining on Polkadot.
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Integrations
Company Details
Company:
Nsure Network
Year Founded:
2020
Headquarters:
Singapore
Website:
nsure.network/
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Product Details
Platforms
SaaS
Type of Training
Documentation
Customer Support
Online
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