Carp Bucket

Unistar Finance allows the creation of a structured insurance product called "Carp Bucket"

Carp Bucket is a series of policies that have been carefully designed, evaluated, priced and combined for insurers to underwrite. This model allows insurers to spread their risk and provide coverage for many policies.

For example, Space Bucket is the first structured insurance product to be marketed by Unistar. space Bucket may contain the following:

● 6 centralised exchanges (loss of funds policy): Coinbase, Binance, Kraken, Bitfinex, Bitmex and Deribit

● 2 wallets: Ledger Hardware and Gnosis SAFE

●8 DAPPs (smart contract protection policies): Uniswap, Compound, Melonport, Kyber, Deversifi, dYdX, MakerDAO and Paraswap

●1 Predictor (predictor failure policy): Chainlink

● 1 ETH 2.0 Validator (forfeiture protection policy): Lido Finance

● 3 custodians: Ledger Vault, Coinbase Custody and Bitgo

● 4 types of peg loss-related protection: wBTC, USDT, DAI and USDC

The default maximum exposure for Space Bucket is 5% of the insured capacity per policy, which can be adjusted by DAO for each policy basis by majority vote.

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