Please describe your proposed solution
Design 3 out of 5 possible risk products.
We would like to design one model that uses on-chain data. One model that uses off-chain data, a model around discord and Community built security apps.
vote pending
Decentralized Insurance & Parametric Risk Pools
Current Project Status
vote pending
Amount
Received
Received
₳0
Amount
Requested
Requested
₳88,000
Percentage
Received
Received
0.00%
Solution
We will research, create and design 3 parametric risk transfer proofs.
Problem
Defi on Cardano needs risk transfer spaces and rug pull protection
Decentralized Insurance & Parametric Risk Pools
Please define the positive impact your project will have on the wider Cardano community
This proposal will create the foundational research to move onto an MVP to create risk pools and provide sense of security for users of Cardano
What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?
With over 18 years in the insurance industry and 8 years researching and studying risk and crypto, we are confident that we can successfully deliver these prototypes.
Having created several risk products in the past, it is well within our capability to design something for Cardano
What are the key milestones you need to achieve in order to complete your project successfully?
Milestone 1: Milestone 1:
Identify 3 Products and generate all the parameters required to begin the design
Accomplishment
Details of the three products will delivered along with the paramtters
Milestone 2:
We will design the 3 models and implement on testnet
Accomplishment
Videos will be provided of demos
Final Milestone:
Close out Report
Accomplishment
We will provide and detailed summary of the emperiences and the results
Milestone 2: Milestone 2:
We will design the 3 models and implement on testnet
Milestone 3: Accomplishment
Videos will be provided of demos
Final Milestone:
Close out Report
Final Milestone: Final Milestone:
Close out Report
Accomplishment
We will provide and detailed summary of the emperiences and the results
Who is in the project team and what are their roles?
Quasar, all of the roles
Please provide a cost breakdown of the proposed work and resources
14,000 Ada per Risk Product
None
How does the cost of the project represent value for money for the Cardano ecosystem?
This is a low investment of funds with a high potential for impact and value generation by improving users peace of mind and participation in Cardano DeFi.