BLOCKSURANCE
Secure your DeFi future with #blocksurance! Blocksurance is a decentralised application on the ethereum blockchain that delivers users force majeure coverage.
Project Description
Our mission is to help the crypto community keep their assets safe.
We are super excited to announce that we are launching our decentralized application this month.
As you probably know, there have been strings of high profile crypto heists that effected various protocols and tokens on the Ethereum blockchain.
Investors wants to make sure that their tokenized assets are immune from vulnerabilities, hacks, and exploits that surface periodically.
With the launch of BLOCKSURANCE this dream will become a reality.
Now you can earn while keeping your assets safe.
Our platform creates incentivised smart contract vaults through Solidity code on the Ethereum blockchain, allowing our users to insure their tokenized assets while earning rewards.
The application is 100% on-chain, we don't use a database of any kind.
Any user can obtain automatic force majeure coverage for their digital assets in 3 simple steps.
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Stake $4SURE Coin
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Create a vault on the platform
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Deposit tokens to this vault
We support more than 100 different assets, please refer to our Github repo for the full list.
The protocol is enforced by DAO Governance, which is publicly available via snapshot.org.
To better understand how the protocol makes this possible, refer to the BLOCKSURANCE white-paper and our terms of service agreement.
If you're interested in this idea, and want to help us develop into a recognizable brand, we would be thrilled to have you join the DAO.
How it's Made
Web3 / React
Solidity with Hardhat The protocol is a set of contracts on the ethereum blockchain. The UI from the application, and the Tally DAO interface enable the users to obtain insurance for their digital assets. OpenZeppelin Upgradeable governance contracts are integrated with our own protocol staking logic, which enables users to 1) Stake $4SURE Coin 2) Create an unlimited number of vaults on the platform 3) Deposit tokens to these vaults and obtain automatic coverage 4) File an insurance claim in case of an incident. Really impressed with figuring out how to deploy the OZ governance in a very short time. Also really impressed with team coordination and effort.
