[inSure DeFi] - [Insurance Claim] - [UST on Anchor Protocol] Drastic Devaluation

Eligibility criteria for Insure Defi:

The project have its own fungible token (ANC) that is listed and tracked on CoinMarketCap and Coingecko:

https://coinmarketcap.com/currencies/anchor-protocol/

https://www.coingecko.com/en/coins/anchor-protocol

SC audit links: https://anchorprotocol.com/docs/Audit Report - Anchor Protocol [20210308].pdf

Token of the project is listed on 2 Centralised Exchanges.

https://coinmarketcap.com/currencies/anchor-protocol/ ANC: KuCoin, Gate.io

https://coinmarketcap.com/currencies/terrausd/ UST: Binance, Coinbase

1.UST https://www.coingecko.com/en/coins/terra-usd

2.wallet: terra1hgfv0yaw0wt4n7yzudlryfekp55lu5406zg9n5 :terra

3.Date of the incident: June 2, 2022

4.email: thomas.ackermann.3ts@gmail.com

5. Drastic Devaluations - Crypto asset (UST) lost more than 98% of the initial invested $ amount.

Initial invested $ amount: $2073 TerraUSD Price (UST) $1

Current invested $ amount: $37 TerraUSD Price (UST) $0.018

https://terrasco.pe/columbus-5/address/terra1hgfv0yaw0wt4n7yzudlryfekp55lu5406zg9n5

Wallet: terra1hgfv0yaw0wt4n7yzudlryfekp55lu5406zg9n5

Transactions:

Deposit hash: https://terrasco.pe/mainnet/tx/9C2A53688B234BC40D1B1FA2C65EE2E11C831ED432D44166A9D136B61C041D10

https://terrasco.pe/mainnet/tx/BDB58BB91A5905AED2C81FE0B5CB612037A4AB4110C2954F73C9D7528984189E

https://terrasco.pe/mainnet/tx/44A5353DDE579D6F6AEA20D4471B84E44918DB286D69DE02526729BEB2FD7994

https://terrasco.pe/mainnet/tx/55BBECE776A3B89F35E26856BFECC0C5C102BE06CC72147E9B900BEA83AAF2A0

https://terrasco.pe/mainnet/tx/5A11CCBB5288F13019BCE29B25EA83D80C5C6342166935247B2C2F5557116809

Deposit amount: 2.073 UST ($2.073) at the time of deposits

inSure Defi Policy enabled in March, 2022 Contributions

https://bscscan.com/tx/0xf1f2acd64aaa7c7693bea01d63e0fc37f7d11b90587686cf5fe4f356cde475e4

https://bscscan.com/tx/0xf1f2acd64aaa7c7693bea01d63e0fc37f7d11b90587686cf5fe4f356cde475e4

Current Insured Value $5160

I ask the community to vote for the reimbursement of $2.073 worth of SURE, as this claim meets all the eligibility criteria for Insure Defi.

Devaluation is when a coin loses its value, as a consequence there is a loss of the initial investment. The criteria on the InsureDefi web is very clear, devaluation of 98% is covered. There is not an exclusion written, it doesn't say if the devaluation is due to a bank run or for coins that are not stablecoins or by whales or any other condition, it says devaluation, and in this case TerraUSD (UST) coin suffered a devaluation for several reasons - it is devalued because it lost 98% of its value, thus, it meets this criteria along with the other required criteria and the insurance have to cover it.

inSure #DeFi Community believes that the #DAO approach of transparency and trust is the right path to democratization of the financial system.