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What is PolkaInsure Finance?

A new peer-to-peer insurance marketplace is being developed within the Polkadot ecosystem, entirely managed by participants in decentralized finance (DeFi). As users join this marketplace, they will be awarded the PIS governance token, which plays a crucial role in the platform's operations. In this groundbreaking model, anyone can apply for insurance while others have the option to provide coverage. The intention is to migrate Polkainsure to a specialized Polkadot parachain once product development is finalized. For now, the PIS token is issued on Ethereum to cater to high trading activity. Users can secure coverage via PolkaInsure without the need for KYC verification, thus promoting wider accessibility. All smart contracts related to PolkaInsure will undergo meticulous audits and will be deployed and verified on the Polkadot blockchain, ensuring their dependability. The claims process is driven by smart contract code, enabling instant payouts and confirming that all insurance agreements are fully collateralized. The platform will integrate seamlessly with assets like DOT and ERC-20 tokens, as well as crucial infrastructure services including Chainlink and TheGraph. We have recently introduced our products on the Moonbeam testnet, which operates as the smart contract parachain within the Polkadot Network, marking a pivotal achievement as we launch Shield Mining in this ecosystem. This initiative is expected to significantly alter the landscape of how insurance is conducted within the realm of decentralized finance, paving the way for unprecedented innovations. As we progress, we aim to enhance user experience and trust in DeFi insurance solutions.

What is Cream?

CREAM Finance operates as a decentralized finance (DeFi) platform that provides a range of services, including lending, trading, payment options, and asset tokenization. Notably, CREAM boasts a permissionless and open-source protocol that invites any internet participant to engage in the platform's development rather than simply utilizing its services or locking funds in smart contracts for staking rewards. A primary goal of CREAM is to enhance financial inclusion while prioritizing the safety and security of its users and their assets. Built on the Ethereum blockchain, CREAM utilizes smart contracts that can execute within Ethereum Virtual Machines (EVM), granting it superior composability compared to many other DeFi projects. This framework also allows community members the opportunity to develop their own decentralized applications (Dapps) on the platform. However, details about the community's forthcoming plans for these applications remain largely under wraps for now. As the DeFi sector continues to progress, CREAM's forward-thinking strategies could potentially lead to a broader spectrum of accessible financial solutions, ultimately benefiting a larger audience.

Media

Media

Integrations Supported

1inch
Chainlink
CoinLedger
Ethereum
Index Coop
MetaMask
Moonbeam
Moonriver
Polkadot
Telegram
Token Terminal
WalletConnect
Zapper

Integrations Supported

1inch
Chainlink
CoinLedger
Ethereum
Index Coop
MetaMask
Moonbeam
Moonriver
Polkadot
Telegram
Token Terminal
WalletConnect
Zapper

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

PolkaInsure

Date Founded

2020

Company Website

polkainsure.finance/

Company Facts

Organization Name

C.R.E.A.M. Finance

Company Website

app.cream.finance/

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