Solshure

Solshure is an innovative insurance protocol for DeFi assets on the Solana blockchain, based on the simple and fair idea of mutual insurance. The objective of the protocol is to pool policyholders' funds into a single treasury, fully under their control and protected from outside interference. Let's imagine Solshure as an vending machine that, like magic, does most of the work on its own. However, sometimes it needs support, be it paying for electricity, updating the assortment and so on. In the role of such an assistant is Solshure DAO - a decentralised autonomous organisation whose purpose is to inform the smart contract about possible insurance events and determine the protocol's development strategy. So, let's imagine that Alice, Bob and Carol have cars and they decide to mutually insure each other in case of an accident. They each put $10,000 in the treasury for one year. If neither of them gets into an accident, they all get their $10,000 back. However, suppose Bob faces an accident. In that case, he is entitled to draw from the treasury for repairs. If there is a balance left in the treasury afterwards, it is distributed to the policyholders. The difference between Solshure and traditional insurance companies is that the funds do not pass to the company or DAO, they remain with the policyholders. Insurance fee are secured by the $SHURA protocol token, and the DAO is managed by the same token. This creates a mutual motivation for DAOs to ensure the efficient and fair operation of the protocol, which in turn benefits the value of the token. Solshure is not just insurance. It is a new level of trust and fairness in the world of decentralised finance, where each participant has real control and an interest in the well-being of the entire community

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