On the Insured Finance platform, people can insure their assets on exchanges, within smart contracts, or in stable tokens, all without the need for an intermediary.
Selecting the right tech
One of the challenges with working with upcoming technologies is to select the right stack. This is especially true for Blockchain technology. For Insured Finance, we selected innovative technologies that are ahead of their time but are also ready to be used in production.
We use Polygon as the technical foundation of the platform. Polygon provides an answer to some of the scaling challenges Ethereum faces. This also means that users must first bridge their assets from the Ethereum network to the Polygon network. Other components of the technology stack are Solidity, C++/Rust, the Graph, Ether.js, and Chainlink (as a price oracle and verifiable RNG).
How it works: