Insuring the World of Digital Assets
The Insured Finance Roadmap
As it stands, blockchain-based insurance solutions provide insurance coverage for only a minuscule fraction of digital asset value. Insured Finance is a Polkadot-powered platform that will change this.
Insured Finance is launching a marketplace that will enable users to request tailored insurance for their digital asset holdings. While current decentralized insurance solutions allow users to secure coverage in limited scenarios, the Insured Finance marketplace will make it possible to insure broad and diverse portfolios of digital assets.
Insured Finance has a clear roadmap to building the future of digital asset insurance. After a successful private sale in 2020, Insured Finance will focus on launching their token and delivering a rigorously tested product to the market in early 2021.
Within January, the Insured Finance token launch will take place. Several exchange listings are in the pipeline and token holders can expect to find liquid marketplaces to trade their tokens. For product development, Insured Finance intends to have a live desktop and IOS application within the first half of the year.
The second half of 2021 will be dedicated to further refining Insured Finance and adding key features. For instance, Insured Finance intends to shift to DAO governance to further align with the ethos of decentralization.
In addition to a more decentralized governance structure, the product will also become much more sophisticated in the second half of 2021. Those that fulfill insurance requests will be able to collateralize their insurance agreements with various digital assets. Claims from such requests will be settled instantly as locked liquidity grows.
As we progress into 2022, there will be several exciting developments in the pipeline. A liquidity mining program will launch in the first quarter of 2022 which will allow those that fulfill insurance requests to earn greater rewards.
In Q1 2022, there will also be a live rating system that will make it easier to finalize insurance agreements among market participants. Users, exchanges, and protocols will be rated based on objective risk parameters. This will make it much easier for users to assess the risk of insurance requests.
In Q2 2022, Insured Finance intends to be fully integrated with exchanges and trading terminals so that their users can secure insurance directly from these platforms. In the second half of 2022, Insured Finance will continue to refine its product offering. Governance incentives will be revised and further insurance options will launch. Insured Finance will also launch a debit card to enable digital asset holders to conveniently spend their crypto.
It will undoubtedly be an exciting couple of years ahead for Insured Finance users. The token launch and exchange listings will be taking place in the near future. As the year progresses, Insured Finance users can expect a liquid marketplace where users can secure coverage on their unique digital assets holdings.
The marketplace will have several advantages over incumbent insurance solutions. Claims that are fulfilled will be collateralized and settled instantly. Those that request insurance will also benefit as they will access competitive pricing from the market.
In 2022, Insured Finance will expand its horizons and there will be far more crossover with other applications and businesses. Integrations with exchanges and trading terminals will allow users of other applications to easily secure insurance. The launch of a crypto debit card will allow Insured Finance users to easily spend their digital asset holdings in real-world businesses.
Overall, the broader aim of Insured Finance is to build an insurance solution that allows the majority of digital asset holdings to be insured. Coverage should be possible regardless of whether the digital assets are held on an exchange, in a smart contract, or in an emerging protocol. Insured Finance makes this possible.
