Satsurance Protocol

The Satsurance Protocol, created by Satsurance, is a decentralized insurance platform that revolutionizes risk management within the Bitcoin ecosystem. It provides robust insurance products designed to address a broad range of risks, including smart contract flaws, slashing events, issues with wrapped Bitcoin assets, stablecoin instability, and bridge vulnerabilities, thereby strengthening both individual security and the overall durability of the Bitcoin network.

The backbone of the Satsurance Protocol is its Risk Infrastructure, where Sponsors establish tailored insurance pools for specific assets and risks, customizing coverage terms to suit their requirements. Stakers contribute liquidity to these pools and receive Liquid Insurance Tokens (LITs) in return, turning insurance into a tradable asset class. Underwriters can trade these LITs, linked to their respective pools, across DeFi platforms, earning extra yield and restaking rewards. Meanwhile, Proposers or Cover buyers can acquire personalized coverage to safeguard their Bitcoin-related endeavors, spanning DeFi initiatives to Bitcoin Layer 2 solutions. The process is straightforward: users connect their wallets and secure coverage via a user-friendly interface. When claims arise, the DAO’s Risk Assessment team, supported by audit and risk specialists, conducts detailed reviews using both on-chain and off-chain data. Approved claims are settled swiftly, with payouts issued within three days. To maintain transparency, the protocol encourages challengers to examine claims, rewarding them for spotting fraud and fostering accountability.

Satsurance’s insurance offerings go beyond single projects, providing protection across the Bitcoin ecosystem, including Layer 2 networks, DeFi systems, and stablecoin frameworks. By adapting to the Bitcoin network’s changing demands, Satsurance delivers a dynamic, secure, and efficient insurance model that redefines decentralized risk management. Beyond mere protection, the protocol cultivates a trust-driven ecosystem, enabling participants to confidently navigate Bitcoin’s expanding financial terrain.