Nsure Innovation Zone Launched

Nsure Network launches a novel marketplace, Innovation Zone.

Compared to the existing one, this new marketplace is different in the below perspectives, through the design of which we aim to achieve a balance between responding swiftly to the market demand and ensuring security of Nsure capital pool and being responsible for all Nsureans.

1. Proposal of listing is accepted from anyone, as long as it passes the community vote. Unlike the main marketplace where listed projects are first evaluated by the team whether qualified for listing (by conducting N-SCOSS analysis), Innovation Zone allow anyone to propose on Nsure forum about projects in his/her favor. This proposal will proceed to a snapshot vote for the community to approve or reject.
2. With the flexibility in listing, Innovation Zone projects will not be rated, and a high risk level will be associated to determine the premium. If you’d like to receive a rating as to enjoy premium benefits, please propose on the main marketplace, but the process shall take longer time than what in the Innovation Zone.
3. Capacity is granted to the projects based on underwriting staking. The more staking it receives, the higher capacity it has, subject to a cap of 8% of total capital. This setting is to protect the capital pool from exposure to excessive risk brought by unexamined projects in the Innovation Zone. Underwriters’ view on the riskiness of projects is expressed by staking, i.e. they have more confidence in the projects on which staking is strong and vice versa. Therefore we regard it fair to adjust the capacity level proportional to staking amount. This change also applies to the main marketplace, for which capacity is determined by security level only.

About Nsure Network

Nsure is an open insurance platform for Open Finance (DeFi). The project is inspired by Lloyd’s of London, a market place to trade insurance risks, where premiums are determined by a dynamic pricing model. Capital mining is implemented to secure the capital required to back the risks at any point of time.

📰 INFO

https://nsure-network.medium.com/nsure-innovation-zone-launched-5c107a6476f6