Insurance Buckets

Provide insurance capital to earn high yield on a variety of insurance policies

Main Bucket

The Spartan Bucket is the first capital bucket of Unslashed Finance, it's a diverse collection of insurance policies that are carefully designed, assessed, priced and put together for Insurers to underwrite. This model allows Insurers to diversify their exposure and provide insurance coverage for a number of Insurance Policies.

The Spartan Bucket covers many renown DeFi protocols as:

• 6 centralised exchanges (Loss of funds policy): Coinbase, Binance, Kraken, Bitfinex, Bitmex and Deribit

• 2 wallets: Ledger Hardware and Gnosis SAFE

• 8 DAPPs (Smart Contract Protection Policy): Uniswap, Compound, Melonport, Kyber, Deversifi, dYdX, MakerDAO and Paraswap

• 1 oracle (oracle failure policy): Chainlink

• 1 validator on ETH 2.0 (slashing protection policy): Lido Finance

• 3 custodians: Ledger Vault, Coinbase Custody and Bitgo

• 4 peg loss-related protections: wBTC, USDT, DAI and USDC

The bucket has a default maximum exposure of 5% of the insurance capacity per policy, which can be adjusted by the Unslashed DAO on a policy per policy base through majority vote.

Convertible Buckets

Each Convertible Vault is associated to a Convertible insurance policy and a hosting capital bucket, this way the protocol insures a risk sharing mechanism that allows the capital suppliers to earn high yields to assume the risks associated to the convertibles.

The APYs and the risks are carefully calculated to allow the capital suppliers for insurance to benefit from a high yield corresponding to each of the policies they cover.