Overview
Last updated
Last updated
DEIN is an innovative insurance protocol that combines decentralized finance (DeFi) principles with blockchain technology to create a transparent and efficient insurance platform. Designed with three key personas in mind - Underwriters, Policyholders, and DAO Participants - DEIN offers a range of functionalities to cater to their specific needs.
As an Underwriter, you can participate in the DEIN ecosystem by providing Collateral for various risks. By contributing Collateral to the Policy Books or Demands, you become an Underwriter and earn premiums based on the amount you have contributed. In the event of a successful claim, you share in the losses proportionately.
As a Policyholder, you can secure insurance Policies for different risks through the DEIN platform. You have the flexibility to choose from a variety of Policy Books, each representing a specific Project or other insured entity. By purchasing Policies, you gain financial protection and peace of mind.
As a DAO Participant, you can actively contribute to the governance and decision-making process of the DEIN protocol. By staking DEIN tokens, you gain voting rights and can participate in Claim resolution, and later in the DEIN's future decisions. Your involvement helps ensure a decentralized and community-driven ecosystem.
The Capital Pool acts as a reserve of funds provided by Underwriters. It serves as the financial backbone of the DEIN platform, enabling the payment of claims and ensuring the availability of Collateral for Policy Purchasers.
The Rewards Pool motivates platform users by providing incentives in the form of DEIN tokens. These rewards are distributed based on various activities, such as staking DEIN tokens, participating in DEINxCover token staking, and more.
The Compounded Pool is an extension to the DEIN system, fueled by a portion of DEIN Native Staking and DEIN LP Staking tokens. It provides additional liquidity and is utilized as a last resort for liquidity needs.
