3.1 Wallet Security

You are solely responsible for maintaining the security of your private keys and wallet credentials. We do not have access to your private keys and cannot recover your funds if you lose access to your wallet.

3.2 Transaction Fees

You are responsible for all blockchain transaction fees (gas fees) required to interact with the Platform. These fees are paid to network validators and are not controlled by us.

3.3 Accurate Information

When purchasing coverage or submitting claims, you must provide accurate and truthful information. Fraudulent claims or misrepresentation may result in claim denial and potential legal action.

3.4 Due Diligence

You must conduct your own research before purchasing coverage or staking capital. Review pool parameters, risk assessments, and historical performance data before making decisions.

4.1 Coverage Activation

Coverage begins immediately upon successful transaction confirmation and payment of the premium. Coverage duration and amount are specified at the time of purchase and recorded on-chain.

4.2 Coverage Limits

Maximum coverage amounts are determined by pool capacity and utilization rates. Pools may reach maximum capacity, preventing additional coverage purchases until capacity becomes available.

4.3 Covered Events

Coverage applies only to events explicitly listed in the pool parameters, which may include:

• •Smart contract exploits and hacks
• •Protocol insolvency or failure
• •Severe depegging events
• •Oracle failures resulting in losses

4.4 Exclusions

Coverage does NOT apply to:

• •Normal market volatility or price fluctuations
• •Loss of private keys or user error
• •Phishing attacks or social engineering
• •Regulatory actions or government seizures
• •Events occurring outside the coverage period

5.1 Submission

Claims must be submitted within 30 days of the covered event. You must provide sufficient evidence including transaction hashes, exploit reports, and any other relevant documentation.

5.2 Assessment

Claims are reviewed by designated assessors and subject to community governance voting. The assessment process typically takes 7-14 days but may be longer for complex claims.

5.3 Appeals

Denied claims may be appealed once within 14 days of denial. Additional evidence may be submitted during the appeal process.

5.4 Payouts

Approved claims are paid automatically via smart contracts. Payouts are made in MNT tokens to the wallet address associated with the coverage policy.

6.1 Capital Risk

Staked capital is used to pay valid claims. If total claims exceed available pool funds, stakers may lose a portion or all of their staked capital. This is an inherent risk of providing insurance coverage.

6.2 Rewards

Stakers earn a proportional share of premiums collected by the pool. Rewards are calculated based on your stake amount and duration relative to total pool stakes.

6.3 Withdrawal

Staked funds may be subject to lock-up periods or withdrawal delays to maintain pool solvency. Check specific pool parameters before staking.