Underwrite

#When you can deposit

A pool takes deposits until its coverage window starts. Underwrite lists the pools taking deposits now.

#What the page shows

• The issuer credit curve of the pool, with its current utilization marked.
• The book: deposits, capacity, cover sold, the premium rate now, and premiums collected so far as a share of deposits.
• For the amount you type: your share of the pool, your share of premiums so far, and your loss if the pool triggers at the payout cap, at today’s sales and at full capacity.

#What you earn

Every premium paid into the pool is shared among underwriters by deposit. Cover sold after you deposit adds to what you withdraw.

#What you risk

If the pool triggers, claims are reserved first, up to the payout cap on all cover sold. With a 20% cap and a pool sold to capacity, a trigger at the cap uses all deposits. Your loss is your share of what is reserved.

#Deposit

Type the amount in USDC, press Underwrite, and approve the transaction in your wallet. The steps are the same as when buying cover: build, verify, sign, send, confirm.

#Withdraw

Withdrawals open when the pool triggers or when its window has ended and settled. See Claim and withdraw.