# Insured Finance - Documentation Overview ## Insured Finance (INFI) is a decentralized P2P insurance marketplace with easy claims and instant payouts. Powered by Polygon.
**Protect Against Stablecoin Devaluation** Stablecoins remain exposed to a variety of risks like security lapses and issuer bankruptcy. Insured Finance users can protect against stablecoin devaluation.
**Smart Contract Coverage** `Coming Soon!` Protect against bugs and smart contract exploits. Tens of millions in USD value has been evaporated at the hands of smart contract attacks. Insured Finance users can protect against such events.
**Cryptocurrency Holdings and Exchange Cover** `Coming Soon!` Insured Finance users can insure their holdings on a cryptocurrency exchange. If the exchange is hacked or experiences bankruptcy, users with coverage are compensated.
**Rug Pull Cover** `Coming Soon!` Hedge DeFi positions by covering rug pull possibilities. If a rug pull happens, Insured Finance users are covered. # Glossary & Appendices Here you can review the defined terms. ## **Defined Terms** Policyholder | A member with active cover. In the Claim Submission process, a Policyholder is a member who files a claim. Provider | A member who provides cover. A provider typically has more experience when it comes to analyzing code and assessing risk. The provider will often analyze and assess various risk factors before providing cover. Claim | A policyholder’s request to have their case reviewed and redeem cover when a material loss occurs. This is only a request to have a case reviewed and does not guarantee a payout. Only stablecoin claims are subject to the monitoring period process in the case that the event is happening now. Claim Submission | Filing a claim. A policyholder with an active cover who files a request for compensation related to their cover. Claim Payout | The sum of money paid to the policyholder when a claim submission is accepted Cover Period | The length period of an insurance cover Deposit Period | The length of a deposited fund that locks in for a specified time period Monitoring Period | The monitoring period which a claim is subject to Claim Payout Period | A claim payout period is within 30 days after the monitoring period is passed Premium | The cost to buy an insurance policy Insurance Listing | An insurance listing that is posted on the INFI marketplace. Such a listing can be submitted by either an entity requesting coverage or an entity providing coverage. Buy Cover | The purchase of coverage for a digital asset Provide Cover | The provision of coverage for a digital asset. Those that provide coverage earn a premium on the coverage provided. Take Offer | The act of taking insurance coverage from a provider in order to insure an asset Take Request | The act of providing insurance cover to an entity that has requested specific insurance. The entity that provides such coverage earns a premium in return. Create a New Listing Request | The creation of a new insurance cover request listing Create a New Listing Offer | The creation of a new insurance offer request listing My Listing | All current insurance listings My Request | All personal insurance cover request listings that are currently active My Offer | All personal insurance cover offer listings that are currently active My Listing | All personal current insurance listings Taken Request | All insurance cover offer listings that have been taken Taken Offer | All insurance cover request listings that have been taken Token Bridge | The token bridge allows users to transfer data (e.g. digital asset ownership information) between two chains in the Ethereum ecosystem. Deposit Refund |The activity of a provider that wants to withdraw their funds from an insurance cover that is already past the deposit period (lock-up period) Collective Deposit Refund | The activity to withdraw all deposited funds at one time Premium Refund | An activity of a policyholder that wants to withdraw their premium if their listing has failed to reach the requested coverage amount Collective Premium Refund | The activity to withdraw all paid premium at one time if their listings have failed to reach the requested coverage amount Premium Claim | The activity of a provider to earn a premium in return for providing an insurance cover Insured Value per Asset | The value of an asset under a policy Insured Sum | The maximum amount that the policyholder gets paid out in case of any loss or damage suffered. Partial Uptake | The offered insurance cover listing by a provider that any buyer can take partially Full Uptake | Only a single cover can be active at any one time. Any buyer must take the full cover quantity. Partial Funding | If less than 25% of a cover request is taken/funded by provider(s) (on the listing expiry date), the insurance cover request is cancelled. (All paid premium are returned to the policyholder) Full Funding | If less than 99% of the request is taken/funded by providers (on the listing expiry date), the insurance cover request is cancelled. (All paid premium & INFI are returned to the policyholder) Tier System | A hierarchical system to create a new request cover listing Listing Fee | A nominal fee charged by the INFI platform to post (i.e. list) insurance cover requests or offers on the marketplace. Premium Rate | The percentage rate that a policyholder pays for an insurance cover. # Things our users can do ## The Policyholder * Buy an insurance cover product to protect against potential loss or damage suffered. Stablecoin devaluation can be covered when the value drops by more than 25%. * Request an insurance cover product to get tailored coverage. * Withdraw the paid premium if an insurance request fails to reach the requested amount. ## The Provider * Provide an insurance cover product and earn premium in return. * Offer an insurance cover product and earn a premium in return. * Withdraw the deposited funds if the deposit period (lock-up period) is passed. # Things our users are responsible for ## The Policyholder * Paying a predetermined premium upfront ## The Provider * Willing to lose the deposited funds in case of any loss or damage suffered by the policyholder. # The Token The INFI token represents membership rights in the INFI platform. It enables members to create an insurance cover listing or to take a listing from the marketplace. #### Essential rules Creating a new insurance cover request or offer listing requires 5000 INFI. Taking a cover request or offer listing also requires 5000 INFI A tier system is in place for the creation of new cover request listings * Bronze: To make a cover request of up to $10,000,\ you need a minimum balance of 5,000 INFI. * Silver: To make a cover request if up to $50,000,\ you need a minimum balance of 10,000 INFI. * Gold: To make a cover request of up to $100,000,\ you need a minimum balance of 25,000 INFI. * Diamond: To make a cover request of up to No Limit,\ you need a minimum balance of 50,000 INFI. # Common misconceptions * Insured Finance (INFI) is not an insurance company. Insured Finance is a peer-to-peer marketplace that facilitates the provision of digital asset insurance. # Terms and Conditions ## Things our users can do ### The Policyholder * Buy an insurance cover product to protect against potential loss or damage suffered. Stablecoin devaluation can be covered when the value drops by more than 25%. * Request an insurance cover product to get tailored coverage. * Withdraw the paid premium if an insurance request fails to reach the requested amount. ### The Provider * Provide an insurance cover product and earn premium in return. * Offer an insurance cover product and earn a premium in return. * Withdraw the deposited funds if the deposit period (lock-up period) is passed. ## Things our users are responsible for ### The Policyholder Paying a predetermined premium upfront ### The Provider Willing to lose the deposited funds in case of any loss or damage suffered by the policyholder. ## The Token The INFI token represents membership rights in the INFI platform. It enables members to create an insurance cover listing or to take a listing from the marketplace. #### Essential rules Creating a new insurance cover request or offer listing requires 5000 INFI. Taking a cover request or offer listing also requires 5000 INFI A tier system is in place for the creation of new cover request listings * Bronze: To make a cover request of up to $10,000,\ you need a minimum balance of 5,000 INFI. * Silver: To make a cover request if up to $50,000,\ you need a minimum balance of 10,000 INFI. * Gold: To make a cover request of up to $100,000,\ you need a minimum balance of 25,000 INFI. * Diamond: To make a cover request of up to No Limit,\ you need a minimum balance of 50,000 INFI. ## Common misconceptions Insured Finance (INFI) is not an insurance company. Insured Finance is a peer-to-peer marketplace that facilitates the provision of digital asset insurance. # Create a New Listing (Request or Offer a Cover) #### Prerequisite * You are required to connect your MetaMask wallet to access Insured Finance * You are required to switch your network to the Mumbai testnet * Creating a new insurance cover request or offer listing requires 5000 INFI. A tier system is in place for the creation of new **cover request** listings * **Bronze**: To make a cover request of up to $10,000,\ you need a minimum balance of 5,000 INFI. * **Silver**: To make a cover request if up to $50,000,\ you need a minimum balance of 10,000 INFI. * **Gold**: To make a cover request of up to $100,000,\ you need a minimum balance of 25,000 INFI. * **Diamond**: To make a cover request of up to No Limit,\ you need a minimum balance of 50,000 INFI. # Create a cover request listing #### Prerequisite A tier system is in place for the creation of new **cover request** listings * **Bronze**: To make a cover request of up to $10,000,\ you need a minimum balance of 5,000 INFI. * **Silver**: To make a cover request if up to $50,000,\ you need a minimum balance of 10,000 INFI. * **Gold**: To make a cover request of up to $100,000,\ you need a minimum balance of 25,000 INFI. * **Diamond**: To make a cover request of up to No Limit,\ you need a minimum balance of 50,000 INFI. #### Step-by-step instructions: 1. Go to the search box and choose your asset type/project\ 2. Click on the "Click here" hyperlink to proceed to the create new listing page\ ![](https://lh5.googleusercontent.com/cSHy2DzDBPfmMYot6tB-YvMh2YId1IkwXFarbeZtzuWTFluBoeS17Vix7JoilVj9HcmaBR8BIwaQZnuCcZMkhiADcaNuQcy6yUulgvHRbtC9I8TaxJUrR1R9QuIjmGfb8cIXTkM8=s0) 3. Fill all of the required forms and click the “Continue” button”\ ![](https://lh6.googleusercontent.com/6WJZ2JkjK9R8pG3gqXAUeKJYrOOo9_d27dvBUloWIO4QYv2mDIr0F1zBLkl0s2QZSwPeUV7LOy57ySlpkQBxCJ1rmfUGOsduqzMeDngouOwkpTGniT2WO4vE9ebxVwPpy2CxHf9K=s0) 4. Confirm and submit your listing request\ ![](https://lh5.googleusercontent.com/nn7wAgTZIWVcwetKea8zjMmFktNt12HrsDK3Z18m_JcjqTCXtJMaZqPieDIgUeeA0vI1lqvq8LAGMwuJh8itMFiybiXI9KYJWHlY1jhR-TYnLqZ-0Y5mpU1j7Y4EQogxRtNvULlK=s0) 5. Authorize access to your funds\ ![](https://lh3.googleusercontent.com/dqbHxSFxvJPBH7Xozq2lBeM7ChBQHx5VjPCOFKZ4cWPo-XFEvYb5QbdQ89yRxwLm2rLhqBq419KTKKGbeJpnmOteawLQnKM7WzKB2TgFJuGoBtmYdM_xeoSHdEX1x8VGPsIVdYSu=s0) 6. Please wait for the network to process your transaction 7. You will get confirmation that your premium refund has been submitted to the network. Wait until it is fully accepted. # Create a cover offer listing #### Prerequisite * Creating a new insurance cover offer listing requires 5000 INFI. #### Step-by-step instructions: 1. Go to the search box and choose your asset type/project\ ![](https://lh3.googleusercontent.com/0t0O57pgSq17_vVQRF5mLYiNkJdRbU1O4lS_yxfg7yccn8OivLfu2Z7fZHNKeH6gT_vKqbuHxHz8SZZ2r6VwPB4Eb5TVr0L5GYrR7ccY7ptHyFoVDdZEAVUvGRxeBA0jfY7XzH0l=s0) 2. Click on the "Click here" hyperlink to proceed to the create new listing page\ ![](https://lh3.googleusercontent.com/4tJ6-_3j4jqvJpMIdj6YNFNmFP_mUUgHk5qbYyGmvDjBkA6IDdWPK1bESQKHsFyszr4KffzZdRQcEmT9-tRScPSeG4o7PelDcr3OOYX46P0SpIRjIn1ggO0j9KADJDTlRSy0Isph=s0) 3. Choose the “I want to Offer Cover" option\ ![](https://lh5.googleusercontent.com/yn-zHHa-CRmnEjRPipqB9cTsvjkwngbB2UibUIuhuOPOEAfvv9gLk6F9frDG1O8AGmeVsYKwIrU4mcnQFMeUOXRx0J4nyOly4bpqG4fMT2UrAfOitizJG3ixkyQOa32ZxL_fX6Ml=s0) 4. Fill all of the required forms and click the “Continue” button\ ![](https://lh4.googleusercontent.com/sP3gW8C2d9YOGQB_qSP9Nmn99j0sMjbiDcPzX6HmP1oagj2XfV1EAddhdt9mkUUDvIXYonyZqiBrF8bs96CVRPG_Uj9jjgwV53_tfAYSBEMsbxJZFf3MzjuS2Nrg35OcI_54T-ZU=s0) 5. Confirm and submit your listing request\ ![](https://lh6.googleusercontent.com/hM00RcsZ7bFe9kfiKp1ULYL_SoZIXQJxTn0XscC7GfUaodopd7DADq75wpPW8iTQe2gw8a0aV2ygfjosgvkyli5SLWSGjOeL_c1jgZXOCX8jMWPgSvsdvDuz7OBxLgEJwgvhaYqK=s0) 6. Authorize access to your funds\ ![](https://lh6.googleusercontent.com/kJyqvizUwuh5e1rC1_cLA0vEGpR6kUfd7i1fbM7lpEpA1F4bYbp9QE035-y8xSjW-DMdXJ5oDVMrNK13nw2l0VZM9W9HAkth4i_MdBd20jIHOyJJ3GW5v-gab_6hDqctW6KW93Jq=s0) 7. Please wait for the network to process your transaction 8. You will get confirmation that your premium refund has been submitted to the network. Wait until it is fully accepted. # Take a Listing (Buy or Provide a Cover) This section details: * How to buy an insurance cover * How to provide an insurance cover request # Take an Offer (Buy an Insurance Cover) #### Prerequisite * Taking a cover request or offer listing also requires 5000 INFI #### Step-by-step instructions 1. Choose “Buy Cover” and choose the asset that you want to cover.\ ![](https://lh4.googleusercontent.com/G9vtrHooEPZEn_kwygQyxONxiWr13iTIB_2bxyglFOLXNpuXyvy53VFk_9km5HPT5G9m9LgmxAPH8hR7WQHmWSiYdNEvjzer-0NNxOEeqiB9JWHikDwPN3MIwfTerWtvPLv-pEjI=s0) 2. There will be a list of cover offers that match the asset that you want to cover\ ![](https://lh3.googleusercontent.com/1S3ruUq_hU96SceHSD8M0PpZ5w_ZqZXwbpHcYRwv2qQfomUzw3-kUga1KKgv6YU5rxZ6iQR7ye0cquRPr1-XOnO35jBgunictcAdI3xOVVFtlxFFPeXtO3RKS49T3YAZtcnIAmQi=s0) 3. ClickClick “Take Offer” on the cover offer that you want to take. 4. Insert cover quantity (if the cover is partial) and months to be covered. Click “continue”\ ![](https://lh4.googleusercontent.com/4CH2h88LnGh_uWfuwXq87AcVsfR3UvjPbHN6hlSWQkX3GElpPyXr_QjDT4cakLzwGagUenwQEAdZDTe4gMZdgOQXm4omrUrE-BKh5uo2PRC2rPXBkwVCElvnMEKaBitHqAbtwfAI=s0) 5. Read the terms and conditions and tick the agreement box if all is agreeable. Click “Confirm & Submit”\ ![](https://lh5.googleusercontent.com/_BJ9PtJrLJn8jepbA_ElkrL3jQWQ6dEamXOjJv3Oyy1RSryWsmjA3B9ryR2QFZuyUQQ93sD6CJZZorfq7K-Z4k1U_kxV0mcTWkleHrEeADuUY-p_MJFC0pPGsuSnAKdgygM_XwQV=s0) 6. Confirm the transaction on MetaMask\ ![](https://lh5.googleusercontent.com/7HEYzL6nCOnfALzdVlCAHGrCF44CbhzHpCI3GyJ2S0MQXsrDelZeoF6BCkusJdsYTpGhtApQFmDnJkG3_HQxKjpJtHmVdExrj-WKnFNNcd7nlc-O6JDpbiIe-ZNIk3pEHXzdJY-3=s0) 7. Wait for your transaction to complete. After the accepted notification shows up, you have successfully purchased coverage.\ ![](https://lh6.googleusercontent.com/aQFFTDxNkuTXSQL953M8bQdsDfQ5RAktgA-1NsyJM2MMXzEUx3y5ARtV-LrXqnqPi-mkYhbq4vJYXikfZ80NxExZQjwE2ye87NqhoE46HU6qMN7Vp5E0UM3ZmiPlbV4m2bY4fQsv=s0) # Take a Cover Request (Provide an Insurance Cover) #### Prerequisite * Taking a cover request or offer listing also requires 5000 INFI #### Step-by-step instructions 1. Choose “Provide Cover”\ ![](https://lh5.googleusercontent.com/efwELhJwujTbcj4q9skSTYxHuIS11lptdWQftx_teaEHphL5clhakxip_MUVKwFmCn_4rj68VMzGMEy448eoQw_UJyfx_fbcCqNU_hur4gdAuPD1h4rLYbWUm2fPRvGWK2F9EUPO=s0) 2. Fill in the maximum amount of USD-equivalent value that you want to provide coverage for and press enter\ ![](https://lh5.googleusercontent.com/OwgoCYPDy6AuFeVN-CNNC0O8i95EIr3hPW32zOd_Q_zdRGJ_d_-nPoeO-d-Kbs27kccAYzPkxrJULt3_PWEJXwKpt-yXTl9N_f7jJhw8Oex2ucIbOrsEKVy30sufW-Xb3swJHs3i=s0) 3. There will be a list that matches your maximal insured sum\ ![](https://lh5.googleusercontent.com/Nj1yULeVmz5aslWXriI67Vj0Yi-HkylHkEHn1SIjfKnEbI_fAk9fDdHiF71oqhMTzezTs9FzoDqviCByNUrt5F7Zma5IIp654V599hy9dM35wEEZ2OjUYyHheA9oiavTRH15P4Zh=s0) 4. Click the “Take Request” button for the insurance that you want to cover\
5. Click “Continue”\ ![](https://lh6.googleusercontent.com/gro5Yj8TpvsFHEcBhDaToh9NGE1n5XazNoygoNf8tc6elD8vtmJwl8LrBFDQDGj90bw6-1pO6d4_zCrEqeGRpUhAB080VKrpnRAtXZ1X_3X5jCNARq9j1EEcLp1LJ4IMK1fUSDg7=s0) 6. Read the terms and conditions and tick the agreement box if all is agreeable. Click “Confirm & Submit”\ ![](https://lh4.googleusercontent.com/9G7Ak2KdiUTGWtyztGpUvBaCmmOtz8YB8cx4paC84AdS3gO4780-lsNxB_IxPubF8uFWYUWyCX3e_WVafhpgxAthND-mgKPU78TnCfuxq0TpCLJ0DmGBi8qx6xvIi53tF9-67eEg=s0) 7. Confirm the transaction on MetaMask\ ![](https://lh4.googleusercontent.com/-fCHU4rYPw6pBEAF9OO4jLZIBJHARD-nT3VV-_ScuAGDDN-E4PDSPqRyaJ44I7_UVJy0JOd4K5io6sAX-9j-JWzfGsTolLv_iJZwQf5_Y-c8HZGdAHUwFLaG6x32MLtheKo9OpFz=s0) After the transaction is confirmed, you have successfully provided cover.
# My Listing This section is related to processes surrounding your already active listing. It details processes for requesting premium refunds. It also highlights how to file a claim. # My Request This section details the processes surrounding your active insurance covers. It details: * How to process premium refunds for both several covers and individual covers. * How to file a claim * How to view your claims, claim payout, or check your claim status # Premium Refund for All Covers #### Step-by-step instructions 1. Make sure that you have withdrawable premiums\ ![](https://lh6.googleusercontent.com/BOeHqj5kP5O7M1Yd3_CKOya5gqAbOKYvp5dFGb7xd6wmGFEVi-3TRZimkTB0l8B_R47OQ_Dso2PqcyTJZcmy2ymWhz4Foy-kVPtTCVjLNxmA8EbUEg6_xVckzO3EpUHQBIqC2Bvx=s0) 2. Click the “Refund Premium” button\ ![](https://lh3.googleusercontent.com/NXe3EN8_i_8AfJjA3PRftiezBolQOW-t_G9_izZ3804TWeMDKgPAp8o7e2b3xoAVXyThtK6HrSJksRV9VtABLOY7jE9z4HIOO84PCDnFLfARRw4OIIB1TVHBsnSX8QsT1VLIDuz5=s0) 3. You will see the amount of your asset 4. Check the terms and conditions 5. Click “Confirm & Submit”\ ![](https://lh3.googleusercontent.com/p8aIbW8qWRxSErGlJsM1-V7Eg77olw5ottmWMog1nwRxNdt00ZR_zO3nZ39BPdj14CNYuhdCLFKdc5JtzblSkFWaeYR4xOngvkllMgEQBzqNumy6PaO50M7ovOBNA8HG9R8wN-m-=s0) 6. Authorize MetaMask to access your funds\ ![](https://lh6.googleusercontent.com/G-A6M7cu32SVF2x4RGJOKFcXKwo5SYY6cCMzWkfMBcvej6q91YCoQmA2XdWza_Rttl-5nvJSo_L5i75Eu9_zs5Mwlm6MIBZppR_UWpi017hz0ePxQZuz73ZO1EPpVCGTlY__fUgL=s0) 7. Please wait for the network to process your transaction 8. You will get confirmation that your premium refund has been submitted to the network. Wait until it is fully accepted. 9. When your transaction is accepted, you will receive a notification.\ ![](https://lh6.googleusercontent.com/ZCez1pkfW87KL3MncxlwIxNm4Q8Cf10sfoSzLlQHCTxvCiULcLI36lIQJwrSJ3FY5IEMCIj4Qy-A-q3UmLjbQFHUYDtKAQz8JKfvuQkBlMyAdGtc5Tala5lALwZmm7bBRE4ArD_I=s0) # Premium Refund for Individual Cover #### Step-by-step instructions 1. When your listing request fails, you can withdraw your premium.\ ![](https://lh3.googleusercontent.com/YUBD9oi76TjVBX-mBisqQcxjPbioxp-iDr2-TPZZluLsTNYbSQGf7iIx_ZrDp5y4zTwByAVVljrriJZwaBi9ptbMWmRZ3JeDeXOAsoo2T4x2Xbg9juMosRJcAZQmFizo9Qs4Lkjt=s0) 2. Click the “Premium Refund” button\ ![](https://lh4.googleusercontent.com/Lr72K5tzVXZCWzG8SlNAtmXsz8w_E9pL2xqd5CNwggZw6Gly7Zstccm-Lk0zTbuCQegnK2qJFH56Xy6G3uxzNHZ1S7yA-QLynWsR_hEPqJSojCcNYieC5LPigdaDJhp2RcB9rNx2=s0) 3. You will see the amount of your asset 4. Check the terms and conditions 5. Click “Confirm & Submit”\ ![](https://lh6.googleusercontent.com/3gCbxHi4-dYPAiTtOd7FL-Tpz-VC1La3XbGXnLO5FCDc5_FapeYc6fIBH22MwwI71tfpfUzan3fV6q0TzhDsT6WjpQ2Sh9q4TkZGP7Zl65rNkmd7SqEuARGLRmfC7pmRKL1Pw-Gh=s0) 6. Authorize MetaMask to access your funds 7. Wait for the network to process your transaction 8. You will get a confirmation that your premium refund has been submitted to the network. Wait until it is fully accepted. 9. When your transaction is accepted, you will receive a notification. # File a Claim (Cover Request Listing) Everything a policyholder needs to know in order to file a claim from a cover request listing. #### Step-by-step instructions 1. Choose your cover request that has started\ ![](https://lh4.googleusercontent.com/qkuraMyA8n5qAdyBoisne5-Ej7Ew5LcCtzMMjgFJ1ERTS8AZ7i73HGR90BwqwLa1M36Z6R8hDI2tqFNuI7eOKKGgag8TfsZRivKVCjugTQ717GGjdYM28891nXk4VCgZTzOIcV95=s0) 2. Click the “Make a Cover Claim” button\ ![](https://lh3.googleusercontent.com/4ou3SMKWN3pTOkgBKz2U67i6i-wdogLSCG1G38np8tSlfy2djyxb4xmI1y1_mQjU7x3VLViBUkJenj1BszVtdyKoBAhRbV5WhORawsdq0xk1ZeaauTbOWnbGpEK_I4WydcVOb6Rr=s0) 3. Choose the devaluation date and time 4. Check the terms and conditions 5. Click “Confirm & Submit”\ ![](https://lh6.googleusercontent.com/XYbbsyIlvKe5ddcf-PxELCDhz7-Y9pTLG_kT18nxMh5WYb0OcvFTe0XPXczQO3G0H3r6NAy0FVJd2T_nWFB6T8nK3tPibMOSNUtCkL6LHFosgHTSsccvocNkBeg9FwGon6yOT9Ro=s0) 6. You will see the overview of your selected price drop. 7. Click confirm and submit.\ ![](https://lh6.googleusercontent.com/OtFqRwalseVPlsh7ba6q6WB0jDyZQ4SiV3pMIBJMf8StvEdnmZQZMLBBOpjOq7Mzw81BFU378JEwleY1sndporaV_AxGlDPyC6GxjdZKaMCmJ9IThYn2wh5MC-zq56Drm-WOS5h4=s0) 8. Authorize MetaMask to access your funds 9. Wait for the network to process your transaction 10. You will get confirmation that your cover claim has been submitted to the network. Wait until it is fully accepted.\ ![](https://lh6.googleusercontent.com/VhvxCtW0ztnzgHz4Ae4Jif8oJCJXUYwTlIG7q_b81xzAxUJqS3iUsHVNiZYhLioA8E-pKP5ouO9PBxnFjAcpGGhC1hkUra1QV_15EQvgA7KES9Jhc9JQqC5Rywsmi-vZd0Ga_pHR=s0) When your transaction is accepted, you will receive a notification.\ ![](https://lh5.googleusercontent.com/1wViPHVbvlaeTP3cG1gWuTQtDe1lGBWxEt5tKaizNUDLJfi3gULj2phhg5RFCinAuR_L-FbVe-yg153N3Y-8JEOFAo1u0lxE-xGE0J4UtJ8RvNZu8bohw5g61YJ2guU6PbI-zXlR=s0) # View Claims, Claim Payout, and Claim Check the Cover Request page (Stablecoins example) #### Prerequisite On this page, you will see all your cover requests. Your cover may be on the status of Monitoring Period, Claim Declined, Claim Accepted, Payout Expired, or Please check the claim status. * Monitoring: Your claim has still not passed the 72 hours of monitoring time * Claim Declined: Your claim has already passed the 72 hours of monitoring time and the result of your claim is invalid * Claim Accepted: Your claim has already passed the 72 hours of monitoring time and the result of your claim is valid * Please check the claim status: Your claim has already passed the 72 hours of monitoring time and you did not check the result yet * Payout Expired: Your claim already passed the 72 hours of monitoring time and also passed the 30 days of the payout period. You cannot claim your insurance. ## View claims Step-by-step instructions 1. Switch from “View All Covers” to “My Claim from Cover Request”\ ![](https://lh6.googleusercontent.com/SOBuyATmr_cdfCFpnZS9xLsXjo0kWMFl1M6LcbByqyWXemEcTOtg1WezPm000LnXeMGHsmq87h_gy3ck32mV0aw-gsaXEvKjOdxznli6HymcdYjvFrs1Ilz6npFYYcjHfXd8Fw-e=s0) 2. You will see all of the claims that you made and the status of each of them. 1. Monitoring Period 2. Claim Declined 3. Claim Accepted 4. Please check the Claim Status! 5. Payout Expired 3. Click view claim if you’d like to see more detail.\ ![](https://lh5.googleusercontent.com/mlyJbGxO9gLGyVLUQsvcm-isMC0qFDoPTwMNWD-2PvHDc3QlmkZyyGVxup2q0tcS8Elr0V3EjPDhMUxMVzq_iRghLPg11No-I7fRP0otdH8Rdhset_7UR73CzFcnl2LNvRLo_unI=s0) ## Claim check Step-by-step instructions 1. This step is required if your selected devaluation time is still in the monitoring period.\ ![](https://lh4.googleusercontent.com/8G8Ayodh3haEy7M652zl67uUdeRaz4wfrj1Imf-n0JqJCGolpZvwFK4_a2weP_tcd7pMgB0WVsVS1OrQLo0YaK-SVI4YKL8lWDLSfVo3qcOEwnmZbKUZ5aKIn9LMq0DXRojkhXM-=s0) 2. Click the “Claim Check” button.\ ![](https://lh5.googleusercontent.com/vefjAJPIKsNdgXbvyWJjRioa_0nlDstL5_PpTWkwmLy-6NLYufy9NP83UAaxeg0ljHh7YLZzsDFFUnysljX3IEHnrrD-fICfPgzgiWhfh3RWfNKXJXUpeR-R-jSIj2ZGii0xcls3=s0) 3. You need to authorize MetaMask to access your funds 4. Please wait for the network to process your transaction 5. You will get confirmation that your cover claim has been submitted to the network. Please wait until it is fully accepted. 6. When your transaction is accepted, you will receive a notification. # My Offer # Deposit Refund for Individual Cover #### Step-by-step instructions 1. Make sure that your deposit period (lock-up period) is passed. After the deposit period is passed, you can withdraw your deposit. 2. Click the “Deposit Refund” button\ ![](https://lh5.googleusercontent.com/LxWi-5RsFaj9GLVqz4fF6PGsc8V7wfMfLTDy2Z-qHqY_moHsg5RfiuVXkzqOpwxftWSJUqkDbFNMK6QL2G0ul0PM2BzdAA92N5y1ylIDH5_hiQ1nvT7_pcm2E0raY3A4C5yXIwOI=s0) 3. You will see the amount of your asset 4. Check the terms and conditions 5. Click “Confirm & Submit”\ ![](https://lh5.googleusercontent.com/BQ6jlZ_aW2df4drKGsJ7yrEvGj12v9gbvqbC20vCFPy-LWUtDZPbxOzUHjfqenSIeJ5tlS_ZydCN0IKxmO0G4Un8XUZJ2baFr2HF1bK3GcRWuL9j-J0Us9QEZ1DIIV0OizfQ4kH4=s0) 6. Authorize MetaMask to access your funds 7. Please wait for the network to process your transaction 8. You will get confirmation that your premium refund has been submitted to the network. Please wait until it is fully accepted.\ ![](https://lh3.googleusercontent.com/hPGL_KoedRnNueuyXwhrIxg-3Al0Pmm-kkovFJiSCHu-kJtr4fqluHR8yQnYAefnQFXzkLOk_pzcDTegI4OzDTVUzUBQHpasWDRy3tdGNv1BzicQvmWy-1dst5QMYvbzqI9Bh72D=s0) When your transaction is accepted, you will receive a notification.\ ![](https://lh3.googleusercontent.com/9iCbEhHfPkiWn4j7wPy6bEmC4L6iz2t8klu2JcYEX4DSxNCh_y2q2jfUIMhOcaXpwnbx8BVE1vvn68i1m4AwAKVNteVptZil6kXoPMy0a1OKILTNu5FnZJDxJKPx0oFIJED6YFK6=s0) # Deposit Refund for All Covers #### Step-by-step instructions 1. Make sure that you have withdrawable deposits\ ![](https://lh4.googleusercontent.com/wnpelzFFOdAN_DWEh3VKV2an7ZNO_QgcJ3V8iFE4q-Gi1YlUhkWkVqBWoG3-ISss9pVXGc1BdJYFsvfXXeUxu9JTP_wRHAXF1HMz82GXFpBoHxIDDxRlNWjlH3oZ09DSIBls2DRs=s0) 2. Click the “Refund Deposit” button\ ![](https://lh6.googleusercontent.com/f_ytTjx51pdxLNu8DQ9Y1AF7_MQBl_KU_8E4AgDk0oC7dPc1eB96wy89IYfhMDv4-vti_o1zFRPgak1PSQC9hHlTYSsZqxx8L8nG9c4GaZnid1NMW6yf4mCYpwvqJISRfxC-Zdlg=s0) 3. You will see the amount of your asset\ ![](https://lh4.googleusercontent.com/5uxPmxtOfyPysuxl9tp7VF7WWv3d6ZVTImVvQvH1JZU7Yj4bg956-ii36_8SOwqHc3msvv3HogI264RdAcfHrOaFxmJtpIf-Dwb-iG-KPk7gAl7bKEmH9GCRDaDrC3rOk4Q2DJKP=s0) 4. Check the terms and conditions 5. Click “Confirm & Submit”\ ![](https://lh6.googleusercontent.com/Wn3vocQ-RpqjcJ82iqY1hpumFlyTz8gc7PftXFr3UP6_Y2WoJ1xOIq6nwv89BQBtp3cD6YvclXkWhxzxstg5JHnZQMJ5FqCmLxBmswHnBe00cbZuowFBO8LTShqQH2qgZ0KCu7Or=s0) 6. Authorize MetaMask to access your funds 7. Please wait for the network to process your transaction 8. You will get confirmation that your premium refund has been submitted to the network. Please wait until it is fully accepted.\ ![](https://lh5.googleusercontent.com/zWe90iIAZErADj-jlSmsPQRCh4F7wMIAV1Z07RqE384BTMLxHcTu_KmKAeNExvmbw1XlLEabB_QlT-bNYqBcqNYFho-B1sRmRISG4iUSfmiOVszsNmGpnc8b2d77mRmpDw_uY1SG=s0) When your transaction is accepted, you will receive a notification.\ ![](https://lh4.googleusercontent.com/36h9ZTY4T2lH-hz9IiLKY_kBb6znkX1vUX64JYE3mQFUjX17W6nTc27AW9oznPxLyLqaTqc7UhqpE4ytnxcRz5ThGBQ9U4EA9tC7n2hz5FQ91VM0IXa4UQzsWcSSU08JnP9WPbP5=s0) # Taken Listing This page will display all the Offers or Requests that you have taken successfully # Taken Offer On this page, you will be able to see a list and details of your covers. You will also be able to see a list and details of claims from your covers and file a claim. #### List of Covers On this page, you will see all your covers. Your cover may be on status Active or Expired. Active means your cover is still running and you are still able to make a claim. Expired means you cannot make a claim. ![](https://lh6.googleusercontent.com/9tHKlDQYCEjKMiO97eJ9G7HVS2iH5M7LVTtGEsF3kEjf5QON3K1OBfaMD1TDRXuzJPxgidj4_GXtkq-AGSGbWHnNqLZMjqOlylCxZkkpaleZ5q1CqzNGHhXx26yr0zXV3sLIE8FP=s0) #### List of Claims On this page, you will see all of your covers. Your cover may be on status Monitoring Period, Claim Declined, Claim Accepted, Payout Expired, and Please check the claim status. * Monitoring Period: Your claim has still not passed the 72 hours of monitoring time * Claim Declined: Your claim already passed the 72 hours of monitoring time and the result of your claim is invalid * Claim Accepted: Your claim already passed the 72 hours of monitoring time and the result of your claim is valid * Please check the claim status: Your claim already passed the 72 hours of monitoring time and you did not check the result yet * Payout Expired: Your claim already passed 72 hours of monitoring time and has also passed the 30 days of the payout period. You cannot claim your insurance. # File a Claim (Taken Offer) Everything a policyholder needs to know in order to file a claim from an offer has been taken. This is the process for filing a claim. #### Step-by-step instructions 1. Please choose your cover\ ![](https://lh5.googleusercontent.com/aUJIsScsZtBEUdhSAsFeel-rGahIWSqBoRgEEnA-seJSLZHV8cAvlDcP56Hp3tiONE0d6vYbJSsrSOagyHijq8u4TC6ayVB7Hm0V4_nvm7jBC_lo9yHHhPwi1EAEeY_Z5Y5J5c_F=s0) 2. Click the “Make a Cover Claim” button\ ![](https://lh6.googleusercontent.com/MYhx-3DlaH7QRyXWL2gsTY1KBI7cGoZlMx74OZ6v2B64gSpb3hkH7_VliaV2tiWZqCbDxb6kpCgBMF6kaMvti2fh53RAo1USIEb-KidgJtF9nOhA7k4Z50QVD-niHPKartg60fXx=s0) 3. Choose the devaluation date and time\ ![](https://lh4.googleusercontent.com/J2nq5QPyK_HDS5p7iiydYcDbuYcZSk1ROze4Dx8R2S70zrsstMZH5BIeIMcr78kyaxhRExyipIFWIO18fFbpJfIlq64e-HJFkPTEVi2PfRzaqiIm2EyB772VL0RmUTrnMbE4jr53=s0) 4. Check the terms and conditions 5. Click “Confirm & Submit”\ ![](https://lh3.googleusercontent.com/EneNzLiRYn96nXSUDH9vsme0MTr-kCBZ9qWg3ZORq1upvvwWOw-G4nc7-3pgPY5aNjnJFvQWxg2Vpjgzj9i9Js7IvMfPX43A4Jw31Oxo7bvVXlD-axT7pddR_Zrqd3fQdnnj6GJ4=s0) 6. You will see the overview of your selected price drop. Click “Confirm & Submit.”\ ![](https://lh3.googleusercontent.com/hCzfOKaepR9BRZzM_n8XW7Hw7L46s2Z7H-yqZvxW7yr5dpCmsTHCTEEMGhL0Z-K8RrLqdhCDQ9OeMvPYw4h-qPzPR2de8IKmMIvC5J2hZdF_CGLT-pbswPp1Aum7JS7DAENkl29_=s0) 7. Authorize MetaMask to access your funds 8. Please wait for the network to process your transaction 9. You will get confirmation that your cover claim has been submitted to the network and please wait until it is fully accepted.\ ![](https://lh5.googleusercontent.com/AsWonNrwTMYwWNno6c_4TibHHxfLBvFID-AqEvCtC2wXQyk2AGDOn3UHCR4lVjjK3-3w4qixs7TmZeMLAI9yXQGigY5Sdnf2ZxiJI17OsayCfYm0DKNPx-QHjMKyx_Rd4nz-efF-=s0) When your transaction is accepted, you will receive a notification.\ ![](https://lh6.googleusercontent.com/1YWpNT9ZA0JJ6GHNNP7MnECE7H2Jw8tf5XiYoQjyLzHPGCi2jVe82K6js6CntI5Bow0RAYd1Z1kfqaMcjsPbFaaRDXweGQsQteOJyhiTsFLRkPiK-ecxfuEy9nZ6DndhKiuRjy85=s0) # Taken Request On this page, you will be able to see the cover requests that you have taken. You can also make premium claims collectively or per cover request, and refund your deposit collectively or per cover request. #### List of Taken Requests On this page, you will see all requests that you provided insurance to. Your taken request may be on the status Active, Claimed: waiting, Claimed: decline, Claimed: accepted, Ended, or Not started yet. * Active: The cover request that you provided is still running and the creator of the request has not made any claims yet * Claimed: waiting: The creator of a cover request made a claim and the claim is still in the monitoring period * Claimed: decline: The creator of a cover request made a claim and the claim result is invalid * Claimed: accepted: The creator of a cover request made a claim and the claim result is valid * Ended: The request that you provided has expired * Not started yet: Request not yet started, because not enough funds to start the request ![](https://lh6.googleusercontent.com/OTCpwkdXAsE-F5QiA0qCnsSqt2BS-SXaQiRuxr6T6hsah82-1ErsbNQJNjyViBLmJZRMQo_YlpU5Zm_qZiCxjDMUo__-_m04Dqy-NVlnmvxkcfnieB_WvZvWAKXkjNQJNS9pWei_=s0) # Premium Claims (Earn Premium) You will get a premium when you provide requests and the requests are running. To claim these premiums, you can claim them individually or collectively. Step-by-step instructions for claiming premiums related to individual covers: 1. Go to the “Taken Request” page 2. Click “View Deposit” on the provided request 3. Click the “Premium Claim” button to claim your premium ![](https://lh6.googleusercontent.com/8ulpJclBCj7lSVjvpyJOclvZbYYBqyjDZTqgR61dKB1HfeHzss-Z6pvRnzN7RVh3OGfyl7_7lgS3IdT5IxfFcZ9El2cALBIWd0MqSF7SflPToXCCetCiuDwqZ3H1m9MUI-er54ad=s0) When you have a premium on several provided insurance requests which have not yet been claimed, you can claim them collectively. Step-by-step instructions for claiming collective premiums are as follows: 1. Go to the “Taken Request” page 2. Click the Claim Premiums button to claim all the premiums ![](https://lh4.googleusercontent.com/b3I00mv4MqO7-E2TZUQaJ99yqIThw1mtzRJf-cBxTGBH2xZ735LgeMX9uQXXyhVabd3Zpl32Rpendkcf8mRgi8Cs5BnQlcgCat7q8yVDEC1N8DUvYDv83titummhCAlBh-lekZaF=s0) # Deposit Refund You will be able to refund your deposit when the request fails to start or the provided request has already expired. You can refund deposits individually or collectively. #### Step-by-step instructions for deposit refunds per cover request 1. Go to the “Taken Request” page 2. Click “View Deposit” on the provided request 3. Click the “Refund Deposit” button to refund your deposit ![](https://lh4.googleusercontent.com/vPIowVY9PIktCN1M_3tW5KuW3ucP1Zio0fAh1pwda975x2yWduYacR7gaofH0qCnc0VcrKg7AcWNJyGX1z-lMRWXdcmlMDi_nWe_HI4xYIspZCc8Ju1oQxrUFuiO_hoqX85GdaLo=s0) When you have deposited your funds on several cover requests, you can claim it collectively. #### Step-by-step instructions for refund deposits related to all cover requests 1. Go to the “Taken Request” page 2. Click the “Refund Deposit” button to refund all of the deposits ![](https://lh6.googleusercontent.com/8uJ57R_qNajwtdDMpCsusw_8s7Ko9BR9_O14g6smF4IXRfQAzYTg6hmHsDNkYTIBrY6nFEJcDDAvb-jQbxI3mNWhl3rjdz97d2or3u3kCj2z0J6J9IEsznMWp4MA7C5FIQSK3TcA=s0) # Token Bridge Ethereum and Polygon both have test networks where applications can operate within a test environment. Within a test environment, the application functions similarly to a live application but the processes and transactions are only for testing purposes and are not recorded or processed on the main Ethereum or Polygon network. Insured Finance is operating on both the Ethereum Goerli tesnet and the Mumbai Matic/Polygon testnet. A bridge has been created between these two test networks, allowing the transfer of tokens between both test environments. #### Prerequisite * It requires some GÖETH tokens as the gas fee to transfer your asset from Goerli tesnet to Mumbai testnet.\ Recommended faucet: () #### Step-by-step instructions: 1. Switch MetaMask network to Goerli\ ![](https://lh5.googleusercontent.com/wG9o4UBHGU2xbDAGP4hp-Jm_sQrZn4xAYEKRtdR7oYS5Lmwpw3A6X2gtphHxi6CIcWUsaZVw-_4MdhJjaqjBhlEiIQ0WCVvaytJMizlSztpegRWX9On-KHIDIE_kzRjZKfbcTVqj=s0)\ ![](https://lh3.googleusercontent.com/WsHgnAs4nelJ9LjyZZczSz5Fc9LvvZ314Nr_MrknKUDuUhY6kCozETjeXoxHce64RDikpqD5IgzDjpz5PTjoPytZ9N2_Sxjt3i3cUFxkR0iDX_EoLpPUiLJ49xVRMFI0sbPW-i6A=s0) 2. Add all tokens to Goerli & Mumbai testnet ![](https://lh5.googleusercontent.com/gwDwgRL9mWObqYkLXuSgIUW6hDnWoj-5rty81R4dMl2IokcB65StfTRo3MiKSshcWTwMJGdwK7vBVOeIpsrKh4PobHGYSvEOXuyZk8t0sVcMohR1X5jxAWjth3Ta5fR8KBoX0TGD=s0) 3. Fill the transfer amount and allow access to funds\ ![](https://lh3.googleusercontent.com/dkGsVvq9V5q90Kq4Mz1YH2q7w-nOo9wRHNZx1BAPmR93d1Ldu_gf6JIH5OTqnmADlCV-rGKqUkbzUQkdKw0Mjojw4t8RQzKp4T8OJPNYQajOTFl2oiicyqcArQFa65ECMuLCqL4K=s0) 4. Submit your transfer request\ ![](https://lh4.googleusercontent.com/KqQqjzCLbN8i1_vrnA192ZZz4uuJP--icsi3r6poZQATWCKTawbNmK5ghdlfV1HqQkdELlrhYKvtA6bspp9_rl00tELQBphkYgvQ9SVLOn-fD2ynOmADMztxe1g97gzrodYkJeQ4=s0)\ ![](https://lh3.googleusercontent.com/z-Itz3T2xv5wvQzO-z6RdXzXNB18o4zODABNxFpfnB5Hcmmyc7X0eamPByRf0z1dVzdhgQymutt6Go6Bceu3fDsEisuRQ50rqbgBPpbwt0PWBFgGHADAEY-lyVp-zWHQXus88yUM=s0) 5. Switch your MetaMask network to Mumbai and wait for your funds to be updated in Mumbai.\ ![](https://lh3.googleusercontent.com/v47R68i308LMwqMvoY93yX_ATaQgLlWJTXFBlkphASx2AmJmbE-OpqLS6LinwbDK75V3Gjlnpk-H6F82VnfN3RaXWgNEZIEUfkn9787ruz_gB7Ff2nhti_0nAhIvlIp_0Lafdd9K=s0) # Premium Rate To derive the final Cover Price, the cover amount and cover period are taken into consideration. The cover amount and cover period are specified by the user. The inputs are listed below. ## Inputs * Cover quantity\ The cover amount is specified by the policyholder or provider. * Cover period\ Length of the cover period specified by the policyholder or provider (in months). * Annual insurance cost\ The real rate for an annual insurance cover that the policyholder would pay * Chosen premium fee\ The policyholder or provider can choose the premium fee as they wish. However, listings without reasonable premium fees will be unlikely to be taken up by other market participants ## Formulae * Premium Fee = both the provider and the policyholder can set the premium fee freely when creating a new insurance cover request or offer. # Listing Fee A nominal fee which the INFI platform charges from users in order to post (i.e list) their insurance cover requests or offers on the marketplace. ## Formulae * 1% of the insured sum # Claim Monitoring Period & Claims Payout - V1 ## Claim Monitoring Period (Stablecoin Example) ![Monitoring period illustration](https://lh5.googleusercontent.com/4ZDhL0F_Aevi_ksV0nN3R0stvIU2uKMWl0pgS-6AP5lvYLW5-jRSiu9SP2sgXp8pKEnZEXh5vFmoaVmA71GoVxlhCYE4sxx5p4Fzu6DSa_7gHr8tfQnd4GZFel1LZE-Wbixs19LM=s0) The claim monitoring period is key to the payout process and helps avoid price glitches in the market. The monitoring period is 72 hours. * If you make a claim as the event occurs, the event still needs to enter the monitoring period. In the monitoring period, the specifics of the devaluation event are being assessed. You need to check your claim manually later to see if the claim is eligible for payout. * If the event is still within the monitoring time frame and you make your claim, the monitoring period still needs to be carried out before the claim can be processed. You need to check your claim manually later. * If the devaluation event has occurred over 72 hours ago, the monitoring period has been passed. In this case, you will get your payout instantly. ## Claims Payout (Stablecoin Example) ![The claim monitoring period and payout flow](https://lh3.googleusercontent.com/Bm_2t6W-QjNkcjkspHdAOPZ0uAu04hLLhBOEOOLWgkU8epU_5iknX8fbEJn4SSfUPkIMbMK9DCKPFOVC2eMwmc5IBj8V3p3XPu6sEWXUToQvFVgOQ9qqMKzdmojTeLyPODCZacmO=s0)