Private banks serving the ultra-rich don’t extend their services to the merely affluent – but that’s now changing, thanks to the lure of the Chinese...
The main purpose of the system is to provide parametric insurance products with focus on covering smart contract hacks. At a high level, the core system comprises the protocol, storage, NPM token, vaults, policies, cover tokens, incident reporting and claim processor. In addition there are bonding, staking, reassurance, price oracle and strategies. Below, we describe each component and some key system-level features.
