We are happy to announce a partnership with UnoRe — world’s first risk trading reinsurance platform.
Reinsurance is also known as insurance for insurance companies. Reinsurance is the practice whereby insurers transfer portions of their risk portfolios to other parties to reduce the likelihood of having to pay a large obligation resulting from an insurance claim.
The option to trade in this highly profitable market is currently controlled by a few large corporations — UnoRe will be a first-of-its-kind platform, allowing the average user to reap the rewards of trading and investing in this risk.
It’s a common practice in the insurance business to have a reinsurance partner, so for us to partner up with UnoRE was a natural step forward.
By reinsuring dART’s products, UnoRe will guarantee dART and its users with a second layer of protection. One of the products offered would be the XOL (excess of loss) cover. This would mean, if dART cannot cover claims after a certain limit, UnoRe would come into the picture and payout the claims above the set limit.
For dART and UnoRe community it’s not only good news considering product development and adoption. This partnership opens doors for new earning opportunities.
Partnership provides users with new staking opportunities to gain attractive rewards. Users will be able to stake $UNO and $dART tokens in the new joint staking pool on dART’s platform. On completion of the program, users will be able to claim back their tokens and also receive additional rewards.
Joint staking pools coming soon, stay tuned.
How to get $dART 👇
dART is the first decentralized, peer-to-peer NFT insurance coverage platform. With the exploding interest in NFTs around the world, it is time users are able to fully protect their digital treasures, which can easily hold multimillion-dollar price tags. If you owned a physical piece of art, it would be foolish to have it uninsured, as if it gets damaged or stolen, you have no recourse. We apply the same concept to the blockchain world, offering insurance and assurance to NFT holders on various platforms. This will eliminate the user’s fear of losing the value they have accrued in their NFT collections.