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Description

Chainproof, a compliant and regulated provider of decentralized finance insurance, was established in 2022 as part of an initiative by Quantstamp, a frontrunner in blockchain security and auditing. The platform specializes in offering insurance for smart contracts tailored to institutional investors, significantly reducing costs for professional validators while also providing audit coverage for DeFi protocols, thus ensuring a safer investment environment.

Description

A peer-to-peer insurance marketplace operating within the Polkadot ecosystem is being established, fully managed by DeFi participants. Users who become part of this marketplace will receive the PIS governance token, which serves as a key element of the platform's functionality. In this innovative model, any individual can request insurance while anyone else is free to offer coverage options. The plan is to transition Polkainsure to a dedicated Polkadot parachain upon the completion of product development. Currently, the PIS token is issued on Ethereum to accommodate significant trading interest. Users will be able to obtain coverage through PolkaInsure without undergoing KYC procedures, enhancing accessibility. All smart contracts associated with PolkaInsure will undergo thorough audits and will be deployed and verified on the Polkadot blockchain to ensure reliability. The claims process is governed by smart contract code, allowing for instantaneous payouts and guaranteeing that all insurance contracts are fully collateralized. The system will feature seamless integrations for assets such as DOT and ERC-20 tokens, alongside vital infrastructure services like Chainlink and TheGraph. Recently, we launched our products on the Moonbeam testnet, which serves as the smart contract parachain within the Polkadot Network, marking a significant milestone as we embark on Shield Mining in the Polkadot ecosystem. This initiative is poised to transform how insurance operates in the decentralized finance space.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

No images available

Screenshots View All

Integrations

Chainlink No 
Ethereum No 
MetaMask No 
Polkadot No 
Telegram No 
WalletConnect No 

Integrations

Chainlink Yes 
Ethereum Yes 
MetaMask Yes 
Polkadot Yes 
Telegram Yes 
WalletConnect Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App Yes 
iPad App Yes 
Android App Yes 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Chainproof Digital Asset Insurance

Founded

2021

Country

Bermuda

Website

www.chainproof.co

Vendor Details

Company Name

PolkaInsure

Founded

2020

Website

polkainsure.finance/

Product Features

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