Ensuro

Utilizing liquidity pools Ensuro creates opportunities for investors, insurers, and insurees; by underwriting unique, pre-specified payout insurance contracts.

Ensuro offers parametric insurance, which is insurance that offers a pre-specified payout based upon a trigger event; not the typical, variable payout insurance one may currently have for everything from their laptop to their house. It falls into the world of Insurtech, which is a new technology offered to insurance companies. There are three central elements to the Ensuro platform:

Liquidity Pools

Liquidity providers, LPs, provide capital, in the form of stablecoins, to smart contract governed liquidity pools. Which pool their assets become a part of is defined by the amount of time the LP is willing to wait to receive their fund once they’ve requested to withdraw them; this is called the cashback period. This delayed LP payout system allows the protocol to plan ahead and manage the capital to ensure it doesn’t run out of funds to cover currently active policies.

Risk Module Providers

Here it is worth noting that Ensuro doesn’t actually insure people, its underwriter policies written by Managing General Agents, MGAs. These MGAs are connected to the Risk Module and this is where they propose new insurance contracts to the platform which either accepts or rejects them.

The performance of each MGA is monitored to ensure they are performing satisfactorily, i.e. not trying to dupe the system, and if they are performing satisfactorily then the platform will continue to underwrite the policies they propose.

Asset Manager

The capital collected in liquidity pools isn’t only for underwriting insurance, some of it, potentially all of it if the platform doesn't underwrite any policies, will be reinvested in high liquidity, low-risk DeFi protocols; often those offering over-collateralized loans. This provides additional returns for LPs.

When an LP deposits capital into a liquidity pool they receive tokens, π-eTokens, representing their stake in that specific pool. Each token is minted upon deposit and burned upon withdrawal of the capital. Reward distribution is calculated by taking into account two factors: the LPs deposit size and the length of their cashback period. Those who obtain insurance through the Ensuro protocol are provided with an NFT representing their unique policy. When payout is required funds are sent to the wallet holding the NFT.

Ensuro is currently operating on the Ethereum blockchain but has plans to be a part of the Cardano ecosystem once smart contracts are launched on the network.

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Insurance

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Yield Farming

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Glossary

NFT

If you’re looking for a Cardano NFT then you’ve found the place for you! listed here are all the projects that feature NFTs in some form on Cardano. NFTs are no longer just the PFP collections that made them famous, although many do still exists and you can find Cardano NFT projects here, NFTs are assets with multiple different types of utility, depending on which project’s NFTs your buying.

A Cardano NFT is a native asset on Cardano which means that, unlike on other (specifically EVM-based) chains, an NFT is not managed by a smart contract, meaning that it behaves and is managed differently to the chain’s base asset, ada. On Cardano NFTs behave the same as the chains base asset as they are native to the chain.

On this page you’ll find everything from Cardano NFT projects to DeFi projects and decentralized identity (DID) solutions that have incorporated NFTs, to the Cardano NFT marketplaces you can use to purchase NFTs.

Loan

Blockchain brings forth a new decentralized method of lending, allowing individuals to offer each other loans in a peer-to-peer fashion through smart contracts. Cardano loan platforms allow you to access Cardano collateral loans, where you lock up your holdings on the Cardano blockchain to receive a loan of equal or lesser value.

These protocols also include unique, Cardano NFT loans, where you can lock your Cardano NFT up in a smart contract, using it as collateral, in return for a loan in ada. All of this is done in a trustless manner through the use of smart contracts on the Cardano blockchain.

On the multiple Cardano loan platforms listed here you can be either the loaner or the loanee, allowing you to access loans using your existing assets as collateral, or to put your ada to work to earn you money by lending it out to others.

Cardano NFT loans are some of the most popular types of loans as the protocols allowing you to complete Cardano NFT loans, Lending Pond and Fluid Token, allow NFT owners to unlock the liquidity locked up in their assets without losing their beloved NFTs (so long as they return the borrowed assets, plus interest, in the allotted time)

DeFi

Here are all the Cardano DeFi projects complete with descriptions and tags. If you’re looking for a Cardano DeFi exchange, a lending protocol, a launchpad, a Cardano stablecoin, or platforms on which to tokenize real world assets then you’ve come to the right place. The Cardano DeFi ecosystem is maturing and, as it does, we will continue to list the new Cardano DeFi projects here. If you look at Cardano in 5 years this list will be substantially different, some projects will have left it, but many many more will have been added.

If you’re looking to simply swap Cardano native tokens then a Cardano DEX is your best choice. If you’re looking to utilize your crypto holdings for a loan then take a look at all the Cardano lending and borrowing platforms on offer and choose which one fits your needs. There is much more utility in the Cardano DeFi world and we invite you to explore it here!

Liquidity Pools

Risk Module Providers

Asset Manager

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