Purpose: Return the power of insurance to the people. Initially, provide cover for smart contract hack or bugs through purchases of Smart Contract Cover.
Current Stage: Approaching main-net launch. Entering security audits.
- 1.Claims are voted on by members of the DAO (mutual)
- 2.Risk of specific smart contracts is determined by staking.
- 3.Upgrades to code, parameters or new products is voted on via a governance layer.
- 4.Capital position of the mutual, or funding, is incentivized through a bonding curve.
Funding primarily, but also we've done some really interesting work on the legal side that we think others might be interested in. Linking a DAO to a legal entity in the UK - what we are calling a digital cooperative. Maybe there is some way to partner up, that makes sense for both of us?