A brief introduction about InsureDao project — a very potential defi insurance project.
InsureDAO is an insurance industry agreement project, run by DAO.
With its simple user interface and user experience, anyone can operate InsureDAO.
They also offer a variety of insurance products, and since they use dynamic pricing in the calculation of premiums to prevent sellouts, you can purchase a wide variety of insurance policies at any time.
InsureDAO enables underwriters to provide liquidity where they want, leverage their funds, and adjust their risk.
Additionally, since the funds in InsureDAO are normally invested in the best lending protocol, the Investor receives the premiums of the insurance buyer, the INSURE token, and the profit from the investment.
InsureDAO provides full-featured insurance services to Defi protocols.
It allows every defi protocol to begin offering its own insurance services immediately.
This project is sponsored by famous funds such as: NGC Ventures (one of the oldest Crypto Funds in the market), Mechanism Capital (the leading investment fund in the Crypto market, focusing on DeFi) and also many other investment funds.
The project is expected to go official in the mainnet in August. And now they are launching a testnet program so that users can experience the project’s features.You can join their testnet to better understand the project and can get rewards from the project for doing testnet.
And in the end I feel the project has a lot of potential and it could become the best defi insurance in the crypto world.
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