INS3
  • INS3- Innovation In the Crypto Insurance Space
  • About INS3
    • What is INS3?
      • Introduction of INS3
      • User Manual
        • INS3 v1.5 Griffin+ User Manual
        • Buying Coverage-Basic
        • Underwriting and underwriting staking
        • Compensation
        • DAO Locking Process
      • Farming
        • INS3 v1.5 Griffin+ Handbook
      • Whitepaper
      • Social Medias
      • Development frameworks
      • Team
    • Compensation Method
      • SWAP type DEX oracle compensation method
      • CEX Compensation method
      • DeFi
    • Announcements
      • 29/11/2021 INS3 launches the DAO lock-up function
      • 31/10/2021 INS3 VERSION UPGRADE ANNOUNCEMENT
      • 07/09/2021 INS3 AMA
      • 03/09/2021 Open Liquidity Pool on OEC
      • 02/09/2021 Launch on Polygon
      • 20/08/2021 Launch on OKExChain
      • 09/06/2021 Launch on BSC
    • ITFX Cross-Chain
      • ITF & ITFX Contract Address
      • ITF Swap To ITFX Tutorial
      • ITFX Cross-Chain Mind Map
      • ITFX Cross-Chain Tutorial
      • Poly Network Cross-Chain Tutorial
      • ShuttleFlow Cross-Chain Tutorial
  • Media
    • AMA
      • 07/09/2021 INS3 AMA
    • Press Release
      • 01/09/2021 Polygon Launch
    • Medium
      • 11/11/2021 INS3 V2 Roadmap
      • 28/10/2021 DeFi security incidents happen frequently, insurance should be taken seriously right now!
      • 02/09/2021 How COVER Protocol Influenced the Decentralized Insurance Market
      • 02/09/2021 INS3 Brings Decentralized Coverage to Polygon
      • 23/08/2021 INS3 Set to Join Polygon Network
      • 10/08/2021 How INS3 Innovates in the Crypto Insurance Space
      • 03/08/2021 What Distinguishes INS3 From its Decentralized Insurance Competitors
      • 26/07/2021 Centralized Insurance Vs. Decentralized Insurance
      • 19/07/2021 What is Decentralized Insurance and Why Do You Need It
      • 17/06/2021 INS3 partners with SIL.Finance : First IDO fall on debut insurance cooperation in DeFi
      • 16/06/2021 INS3 partners with Rabbit Finance
      • 14/05/2021 Product introduction: the world’s first completely Decentralized insurance — INS3
    • Join us
      • Community
        • CMC Test
        • Application Form
        • Contributing
        • Our plan
  • Security
    • Audits
    • Partners
    • Terms
    • Privacy
  • Governance
  • Oracle
  • Forum
  • Q&A
    • Frequently Asked Questions
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Oracle

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Last updated 3 years ago

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In order to ensure that the solvency is credible enough, we have built a decentralized oracle, and judge whether the solvency conditions are valid through the mode that anyone can verify the results. For oracle certification mining, ITF tokens will be pledged. For inconsistent results, the pledged ITF tokens will be forfeited, or otherwise given as rewards.

Project type

REIMBURSEMENT

The Exchange

Market performance and asset information can't be accessed from the exchange for 30 consecutive days, or tokens can’t be withdrawn from the exchange for 30 or 90 consecutive days.

DeFi

The equity token like cDAI by Compound and Yearn by yETH stays at a price 50% lower than that of deposit for 30 consecutive days.

IPFS cloud hashrate

No IPFS tokens are generated at the mining address for 30 consecutive days.

Stabile coin

The market price of guaranteed stablecoin is 90% lower than that of the fiat money it is pegged to for 30 consecutive days; The market price of unguaranteed stable coin is 60% lower than that of the fiat money it is pegged to for 30 consecutive days.

Oracle test report from a customer