Insured Ecosystem

DegenInsure's eventual plan is to build the world's first fully insured ecoystem of mainstream apps. These apps will be apps you use on a daily basis (like a DEX, bridge, etc). However, unlike other apps in the wild that leave you to bear the brunt of losing your tokens or getting eaten by slippage, our insured ecosystem apps will reimburse you if these things happen.

We build our apps with quality in mind. Quality is the first thing we take into account when we start building, as well as user experience. This makes us confident in our app's abilities enough to be able to offer cover for any mishaps that may not occur.

Here are the apps we'll have in our ecosystem and the status of development of said apps,

• DEX (LIVE)

• Bridge (pending)

• P2P swap (pending)

• Yield (pending)

• Lending (pending)

• Liquidity locker (pending)

As usual, there are certain criteria that we take into account before providing cover for users. A more detailed breakdown of these criteria can be found in our risk disclaimer on our website.

Here are the criteria for using the DEX.

• cover only pertains to listed tokens. Users can vote to add more tokens to get them listed and covered, but currently, only listed tokens are covered 100%.

• you will get reimbursed the amount you lost if slippage is higher than the value you set when you get your output.

• cover includes slippage, loss of funds, hacks and compromises of underlying routers (our DEX routes through multiple DEXs in the process of swapping. If any of these protocols is hacked or compromised while you're swapping with DegenInsure DEX, you'll be fully reimbursed).

To be eligible for cover

• you must hold at least 20k $DGNS in the wallet you're using to swap.

• you must not have used any other DEX an hour before or after you use DegenInsure DEX

• you must not have been part of any other hacks or compromises at the same time you experienced the financial loss on DegenInsure DEX