QuasarChains / nervos-insure

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Insure DeFi

Collateral Protection Insurance for Crypto-backed Loans. Policy pays 100% of the issued loan amount if value of collateral provided by the borrower (i.e. ETH, or tokenized asset) drops by 90% or more.

*Current policy only supports ETH as collateral. But in the future it will support more tokens and tokenized assets such as car.

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Features

• Collateral protection for your tokens and tokenized assets
• Pay a one time premium
• Supply capital to earn APY
• Withdraw your funds anytime
• Automated price updates using oracles

Future work

• Setup CRON service for price update
• Inclusion of ERC20 tokens
• Inclusion of ERC721 tokenized assets
• DAO

Testnet address

InsuranceProvider

0x5C8de88dB93b9D28b480a355027E18bC571925c7

Pool

0xE0B0143Cd556f85dE0d71594c8c2195a681e3a03

Devnet setup

• If you want to develop and run the project locally make sure you switch to devnet branch.
• Deploy chainlink nervos and copy feed registry address
• Change the feed registry address in InsuranceProvider and InsuranceContract

Prerequisites

• Node.js 12+ environment is required to use this repo.

Install Truffle

npm install -g truffle

Clone repo

git clone https://github.com/chaitanyasjoshi/nervos-insure.git
cd nervos-insure

Install dependancies

npm install

Deploy contracts

Before deploying, create a .env file in the root directory and set PRIVATE_KEY=<YOUR_ETH_PRIVATE_KEY>

npm deploy

Frontend

Install dependancies

cd client
npm install

Deploy

npm run dev