FAQ

#Is this insurance?

It is parametric cover. It pays on a measured condition, the depeg rule, not on a claim of loss. You do not need to hold the wrapper to buy cover on it.

#What currency is everything in?

USDC. Premiums, deposits, payouts and withdrawals are all USDC.

#Why only during market hours?

Outside the regular session the stock does not trade, so a gap in the token’s price is a forecast of the next open, not evidence that the issuer failed. See Session time.

#Why does a reading need to clear the whole confidence box?

So that price noise cannot trigger a pool, and a lucky snapshot cannot reset a real streak. See The assay.

#Who posts observations?

Anyone. The Assay service posts them on a schedule, and any buyer or underwriter can post one from a pool page. See Observations.

#Can the Assay service block a payout?

No. It holds no user keys and cannot move pool funds. If it stopped posting observations, anyone could post them instead, and claims are paid by the program.

#Which wallets work?

Browser wallets that support the Wallet Standard and can sign Solana transactions. Hardware wallets that connect over USB are not supported.

#Why did my purchase fail with “the price moved”?

The premium rose more than 1% between the quote and the moment the transaction landed, usually because someone else bought cover in between. Ask for a new quote and buy again.

#Why is a pool not selling cover?

A failing streak is open, less than T is left in the week, or the pool is over. The pool page says which.

#Has any pool triggered on a real depeg?

No. Every trigger so far is a TEST pool. See TEST pools.

#What is the program address?

3Y47MnuAMvGLPVxQPDZzq2WiX6ob3Pv6ZunNosgHcmet.