Capital Buckets

Unslashed Finance allows to create structured insurance products called “Capital Buckets”. A Capital Bucket is a diverse collection of insurance policies that are carefully designed, assessed, priced and put together for Insurers to underwrite. This model allows Insurers to diversify their exposure and provide insurance coverage for a number of Insurance Policies. For example, the Spartan Bucket is the first structured insurance product listed on Unslashed. The Spartan Bucket could contain the following:
  • 6 centralised exchanges (Loss of funds policy): Coinbase, Binance, Kraken, Bitfinex, Bitmex and Deribit
  • 2 wallets: Ledger Hardware and Gnosis SAFE
  • 8 DAPPs (Smart Contract Protection Policy): Uniswap, Compound, Melonport, Kyber, Deversifi, dYdX, MakerDAO and Paraswap
  • 1 oracle (oracle failure policy): Chainlink
  • 1 validator on ETH 2.0 (slashing protection policy): Lido Finance
  • 3 custodians: Ledger Vault, Coinbase Custody and Bitgo
  • 4 peg loss-related protections: wBTC, USDT, DAI and USDC
The Spartan Bucket has a default maximum exposure of 5% of the insurance capacity per policy, which can be adjusted by the DAO on a policy per policy base through majority vote.