Nengah Marccel
2 min readAug 10, 2021

What is InsureDAO

InsureDAO is a peer to pool insurance market protocol on Ethereum. The operation and management of the protocol are controlled by the DAO, and anyone with access to Ethereum can create, purchase, and underwrite any insurance without KYC. The mission of this project is to stabilize the entire crypto ecosystem.

I think this project is really interesting and amazing because it has many interesting features in the application. Especially that :

Insurance pool creation
InsureDAO allows users to create any insurance pool like anyone can create any liquidity pool on Uniswap. Any insurances, including even risky protocol insurance, will be available to buy and sell on InsureDAO.

Dynamic pricing
InsureDAO uses an algorithm to measure risks and the pricing of premiums based on the market’s supply and demand. InsureDAO aims to ensure that insurance is always available by dynamically adjusting insurance prices based on market demand and supply.

Custom Risk Index
Custom risk Index consists of different insurance pools. Liquidity provider can select any index to deposit their funds based on their risk appetite. Furthermore, every index pool leverages its staked liquidity and provide them to their underlying pools, increasing the underwriter’s fee earnings while lowering insurance premiums.

In addition to the extraordinary features above, this project also has the support of investors such as NGC Ventures, LD Capital, OSAZ, Exnetwork Capital, Arkstream Capital, CC, Cryp2Gem Ventures, Faculty Capital, Genblock Capital, Hello Capital, and Honey DAO.

Moreover, the round also includes prominent angel investors, such as Hironao Kunimitsu (Gumi founder / General Partner of Gumi Cryptos Capital), Richard Ma (CEO of QuantStamp), Simon Schwerin, and Joeri Van Geelen.

Testnet Program

You can also participate in this project by joining the testnet program, and you can also get prizes for your participation :