Reinsurance Pool

What is the Reinsurance Pool?

DEIN Reinsurance pool is a separate Policy Book-like entity with its own collateral, which is stored separately from the Capital Pool's funds.

The Reinsurance Pool serves as protection for the DEIN system against potential losses caused by hacks, Compounded Pool payouts, or other exploits leading to a permanent loss of funds.

Who does the Reinsurance Pool protect?

All DEIN users are automatically insured by the Reinsurance Pool. It doesn't matter if you deposit 1 USDT or 10,000 USD, you are covered all the same!

If anything happens within the DEIN ecosystem, which was not an intentional function of the DEIN Protocol, and leads to you permanently losing funds, you will be able to create a claim and receive compensation.

How can i participate?

Anyone is able to provide ETH, USDT into DEIN Reinsurance Pool. The reward distribution system works similar to other Policy Books. Underwriters depositing more and locking their funds for a longer period will see a significant boost to their APY.

What are the benefits of Locking my funds?

Choosing to Lock your funds adds a bigger weight to your position, which translates to bigger reward share. Here are the exact multipliers for each Lockup Duration:

Lockup Duration

No-Lockup

Reward Multiplier

x1

Lockup Duration

3 months

Reward Multiplier

x2

Lockup Duration

6 months

Reward Multiplier

x3

Lockup Duration

12 months

Reward Multiplier

x4

Lockup Duration

24 months

Reward Multiplier

x5

The pre-launch Airdrop Event participants have a one-time possibility to opt-in for some more favorable locking terms. Learn more.

What if I don't want to Lock my funds?

That's perfectly fine! You can just choose No-Lockup option when Depositing. You will still earn rewards, however they will not be increased by any multiplier.

How can you offer insurance for your own project?

The contracts the Reinsurance Pool uses, are connected with only the most necessary and minimalistic functionalities within the DEIN ecosystem. As such it is extremely unlikely it will be a target of any exploit, hack, or causes any major loss of funds.

Other than that, we are just extremely confident in the DEIN system and are willing to put our money where our mouths are.

This will also serve as a proof of concept for the Personalized Insurance feature, we hope that other Protocols and crypto-space as a whole sees our solution to Project Insurance as the new and better version of audits.