Smart contracts are susceptible to bugs due to human oversight, which could cause you monetary losses. We, at Rakshe, protect you from such losses by auditing and insuring your smart contracts. In case of an unforeseeable event, warranty helps you recoup your losses.
On-demand warranty allows you to reduce costs by insuring smart contracts only when you need it. You are in complete control of how much the coverage is and when it starts and stops.
Rest easy knowing that your smart contracts have been vetted
Get compensated for losses due to black swan events
Find attractive premium rates from multiple warrantors
Resell your tokenized policy when you are done with a contract
Enable coverage only when you need it and save premium
One policy to cover all members of your organization
Before you interact with a DApp or a smart contract you can insure your assets by buying a warranty from one of many warranty providers who are competing to offer you the best service on Rakshe. Warrantors are responsible for auditing the smart contract's code thereby empowering you to interact with smart contracts without worrying about bugs that could cause financial losses.
The on-demand, tokenized nature of these policies means that you are in complete control of when policy coverage is applicable and how much of your assets are covered. You save on premium charges as you are not forced to pay for times when you are not interacting with a contract and you are free to adjust coverage limits depending on how much ETH you are using at the time.
In the meantime, if a bug slips past an warrantor's code audit process and a user loses their assets the warrantor would be liable for the funds that were lost. Publicly visible transactions on the blockchain helps the user submit claims quickly as it is easy for them to prove a loss and the warrantor does not have to account for bogus claims. This hastens the claim acceptance process compared to traditional cyber insurance.
Would you like to be involved with smart contract warranties? Tell us what you'd like to do and how to contact you.
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