Significant milestone as Etherisc launches USDC depeg protection, peer-to-peer USDT risk pools and DIP staking
🎉 We’re taking the next step in making insurance fairer, more transparent and accessible for all. Today we’ve launched:
- 🥇A first-of-its-kind peer-to-peer parametric USDC depeg protection cover that uses the Chainlink USD/USDC Price Feeds to help verify a depeg event. Customers receive automatic payouts should USDC depeg again. The automated, blockchain-backed product removes lengthy claims and assessment processes, leading to exceptionally fast payouts and value assurance for covered USDC deposits. 👀 Find out more and get protected!
- 🤝 Our first peer-to-peer risk pools where holders of USDT can ask for rewards on their staked capital through premiums paid by those availing of depeg protection. These risk pools are also used to cover the cost of payouts in the event of a depeg incident.
👉 Find out more and get USDT staking! - 🔥 Staking DIP tokens to back peer-to-peer risk pools, for potential rewards. 🧐 Find out more about DIP staking and tokenomics and get DIP staking !
👋 Want to find out even more?
Hop over to Etherisc, follow us on twitter, check out our blog and join our telegram and discord communities.
About Etherisc
Etherisc has built a platform (Generic Insurance Framework) for decentralized insurance applications. We use blockchain technology to help make the purchase and sale of insurance more efficient, enable lower operational costs, provide greater transparency into the industry and democratize access to reinsurance. We’ve been around since 2016, have many high-profile collaborators (including Chainlink) and are proud of the innovative applications of the parametric insurance products built on our platform, including travel delay, crop and carbon credit protection.
About Chainlink
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
