Safura Protocol

Safura is a DeFi insurance alternative for risk-sharing among members. It allows members to purchase various cover products to protect against risks. The protocol is built on Base (and later on IOTA will be added). The $SAFU token is used within the protocol for risk sharing.

How it works?

User:

1. Purchase Coverage: Secure insurance by staking $SAFU tokens in dedicated staking pools.

2. Receive Token: After purchasing insurance, you’ll receive a modifiable NFT representing your coverage.

   1. These NFTs allow users to:

      1. Adjust the coverage amount and duration.

      2. Extend their existing coverage.

      3. Transfer the coverage to other addresses easily.

Each insurance policy is represented by an NFT, providing users with full transparency and control.

1. File a Claim: In case of a loss, file a claim for part of the insured amount while maintaining active coverage for the remaining balance.

Protocols:

1. Become eligible for the coverage.

Requirements: Audit from AuditOne + Audit from a contest platform (Code4rena, Cantina or Sherlock)

1. Choose embedded insurance (& on Safura) or only on Safura to be purchasable.

2. Get a share of the revenue generated from your coverage.