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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 Interlay?

Interact with Bitcoin through multiple blockchains by investing, earning, and transacting with BTC in a radically open and well-insured ecosystem. interBTC captures the true spirit of decentralized finance and the freedom inherent in Bitcoin, providing a fully collateralized asset that is consistently backed 1:1 by Bitcoin, thus ensuring interoperability and immunity to censorship. Tailored for cypherpunks, degens, and Bitcoin maximalists, it serves the needs of holders, traders, and yield farmers, making Bitcoin accessible for everyone, everywhere. Store your BTC in a Vault of your preference or take control by managing your own, with the peace of mind that your assets are perpetually protected and insured via Vault collateral. Unlock your Bitcoin's full potential by leveraging interBTC for lending, yield farming, and various other opportunities across any blockchain. Operated as a parachain on Polkadot, interBTC connects effortlessly with networks such as Ethereum, Cosmos, and Kusama, utilizing Polkadot’s advanced technology for improved connectivity. We firmly uphold the values of decentralization and transparency, functioning entirely remotely while ensuring our code is open source; we take pride in our product and our mission. As we push forward with innovations, our dedication to the principles of the Bitcoin community and its core values remains unwavering, reflecting our commitment to fostering a robust ecosystem. Our journey is just beginning, and we are excited about the future possibilities that lie ahead.

Media

Media

Integrations Supported

Ethereum
Polkadot
Telegram
Bitcoin
Chainlink
Cosmos
Dwellir
Kusama
MetaMask
WalletConnect

Integrations Supported

Ethereum
Polkadot
Telegram
Bitcoin
Chainlink
Cosmos
Dwellir
Kusama
MetaMask
WalletConnect

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

Interlay

Date Founded

2020

Company Location

United States

Company Website

interlay.io

Categories and Features

Categories and Features

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