IIP-3 Launching InsureDAO on Astar Network

This document is proposing to launch InsureDAO on Astar Network.

We are planning to launch InsureDAO on Multichain. As the first step, we would like to deploy InsureDAO on Astar Network, which is popular in Asia and requires a lower gas fee.

You would be able to cover your deposits in protocols on Astar Network with lower gas fees.

What is Astar Network Astar network is the Smart Contract HUB for WASM + EVM on Polkadot. Website: https://astar.network/ Twitter: https://twitter.com/AstarNetwork

Why We Choose Astar Network We expect that we could appeal our protocol to new users, especially users in Asia, and provide better UX by launching on Astar Network. ・Astar Network is recently getting popular in Asia, such as China and Japan. ・Astar Network now has a TVL of 630M. ・Gas fee is low and reduces the entry barrier for users

Launch Schedule on Astar Network

1. Release the light version of InsureDAO(Only purchase function)
2. Add underwrite function to the light version of InsureDAO
3. Add “Insurance build function”
4. Create a variety of Insurance pools and get TVL

Voting power

• 1vlINSURE -> 1 veINSURE
• 1veINSURE -> 1 veINSURE

A quorum of at least 35k veINSURE is required for snapshot voting.