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InsureDAOInsureDAOby0x16a3C4AB0db726beE89aD1b563b3eEf21C4C0406rubiokishi.eth

IIP-7 Update the payour rule

Voting ended over 3 years agoSucceeded

Our payout rule is a series of rules defining coverage definition and coverage amount that may get triggered by potential bugs and hacks. As we’ve started to launch InsureDAO on multichains, we are proposing to update the current payout rule to the new one.

We amended the current payout rule by adding some exclusions for the payout.

The current payout rule https://insuredao.gitbook.io/insuredao/reportingdao/payout-guidelines-for-smart-contract

The new payout rule we propose https://docs.google.com/document/d/1yC_k_Jl1FBJUySDxmwd1e8ih-i6O8gbZIqR6gy6Td3I/edit?usp=sharing

Voting power 1vlINSURE -> 1 veINSURE 1veINSURE -> 1 veINSURE A quorum of at least 35k veINSURE is required for snapshot voting.

Off-Chain Vote

Yes
231.07K veINSURE100%
No
0 veINSURE0%
Quorum:660%
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Discussion

InsureDAOIIP-7 Update the payour rule

Timeline

Jul 31, 2022Proposal created
Jul 31, 2022Proposal vote started
Aug 01, 2022Proposal vote ended
Oct 26, 2023Proposal updated