How the Insurance Works

Get to know what happens when you need coverage. Like a good agent, clAIm is there.

Risk Assessment

CLAIM's AI analyzes on-chain data, user behavior, project performance, business model, and market trends to determine risk scores and premium rates.

Here's what happens:

• Users undergo a brief personal assessment of how they use and hold tokens.

• Self-reporting of assets and locations of assets helps determine values.

• Wallet connection and monitoring is used to adjust values according to user behavior and the markets.

• Higher risk assets and users may experience higher premiums or may be denied coverage.

Claims Process

Here's how a claim is handled:

• Claimant submits a claim with evidence through the portal.

• AI system performs initial fraud detection and claim assessment.

• DAO members review and vote on the claim.

• If approved, payout is processed automatically from the claims pool.

Payout Structure

Here's how you get your bags back:

• Payouts are made primarily in USDT/USDC to ensure stable value.

• Payout percentage is determined by a curve based on premium paid and coverage amount.

• Maximum coverage is capped to prevent abuse.