Thank you for the replies.That clarifies most questions.
We believe it would be great for your users to see some risk framework like this or this in the future.
1 Like
I agree with that.
We will work on the documentation about our risk framework!
Recommendation from DeFi committee C
Details
The proposal is well formulated, clear and descriptive. Also, the IsuranceDAO team answered all the questions in the forum and updated their proposal according to the comments received.
Value-Add
InsuranceDAO is the only native insurance protocol in Optimism offering insurance for more Op projects (18) than others. The proposal mainly plans to achieve more liquidity (-> underwriting) which would enable more cover purchases and more risk hedging.
Traction
Insuredao is a relatively new, small project compared to other players in the insurance area, such as Nexus Mutual and Insurace, with less than $1M in total coverage. Traction is small as they didn’t allow users to underwrite so far but limits per project are reached on Optimism & they are opening the underwriting function now. This grant could be catalytic and lead to a kickstart.
Amount
100K OP seems reasonable for the size of the project. Distribution is mainly focused on incentivizing liquidity and a small amount for integrations and token liquidity.
Co-incentives
Not officially confirmed but will try to match.
Alignment
InsuranceDAO has the highest number of hedges in the optimism chain. This could be interpreted as an indication that it’s aligned with the network.
KPIs
$2M Liquidity
$1M Insurance Purchases
$45K Pool liquidity for Insure-WETH on Velodrome
Recommendation:- YES
Our past recommendation is available on committee recommendation thread
2 Likes
I will vote FOR this proposal, following committee recommendation. Happy to see the team adjust to feedback.
Snapshot vote - Passed
@rubiokishi can you provide a Telegram handle or other contact method so the Optimism team can get in touch about paying out this grant! Feel free to comment on this thread, DM, or email palash@optimism.io