209 похожих чатов

Correct me if i'm wrong, but I note that inurace

sells ousd contract insurance...it does not cover de-peg. my understanding with ousd, is there is no contract I am staking to or depositing to, i'm holding it in my wallet. so isn't the insurace contract insurance kinda pointless?

4 ответов

15 просмотров

Our coverage is against smart contract hacks and bugs at protocol level. Underlying faults, including oracle failures are not covered at the moment... Something we are working on too. In the future we will be adding a de-peg insurance coverage to this product. We have a few million dollars worth of coverage available on each chain for OUSD at this time. We expect it to be a popular product so we will look to increase capacity once it sells out. Full cover wording can be found here for anyone who wants to dig deeper: ​​https://files.insurace.io/public/en/cover/SmartContractCover_v2.0.pdf Specific coverage of each insurance project, please check their policy.

Horace-Butteryak Автор вопроса
Farid | Origin Protocol
Our coverage is against smart contract hacks and b...

ok, got that. but wouldn't the side affect of hacks or bugs cause ousd to loose peg. seeing as there is nothing for me to deposit into a contract, a hack or bug would not cause me to loose any OUSD. only the value of my OUSD. still don't see the point of their insurance.

Horace Butteryak
ok, got that. but wouldn't the side affect of hac...

Right I’m understanding same too, there’s really no point, it’s not like they can take the coin out of ur personal wallet…

There are stable coin de-peg coverages. I was recently looking for an insurance and found out it. If you want to buy insurance, you should definitely check Bright Union. They offer the cheapest price out there!

Похожие вопросы

Обсуждают сегодня

Anyone knows where there are some instructions or discort about failed bridge transactions ?
Jochem
21
Hi guys, any problem with Pulsebrige? Trying to transfer from wETH to ETH. First it tells me to connect my metamask "through mobile app" not desktop. Then I did and confirmed ...
Snowflakecrypto
13
any reference of this implementation?
BitBuddha
29
Ⓐrtto, [4/23/24 7:02 PM] Please explain more fully how it is not working exactly, and what are the steps you are taking, and what error messages come or what happens. Ⓐrtto, ...
Ezza Kezza
2
sounds like people have lost their kaspa on tradeogre... does this mean tradeogre not trustworthy?
Ezza Kezza
15
Btw looks like Kushti is at it with 6.0, has he shared any plans to stop developing Ergo or just to keep going indefinitely?
Original Ergonaut Manley
16
Ready for some fun AND a chance to win TKO Tokens? Join us for exciting minigames in our Telegram group! 🕒 Don’t miss out—games start on today 25 October 2024, at 8 PM! Ge...
Milkyway | Tokocrypto
255
Also, why can’t the community have a vote/ say when it comes to initiatives like buybacks. Isn’t the point of crypto decentralisation? Don’t we deserve input as long term supp...
👨🏽‍🦰
13
So much speculation in the last week. So much volatility in price. This is because Hedera has a GC that isn't using the network it's governing. Why aren't people asking why a...
Summit Seeker R
9
Any chance you send me instructions on how to bridge manually or how yo reverse the transaction ? Sorry but so many people are trying to scam. Its absurd.
Jochem
8
Карта сайта