Inspiration
The inspiration behind the project is to provide people with some sort of security on their cryptocurrencies
What it does
Platform where people can deposit their Ether for a specific period of time and accordingly if after the deposit time the price goes down they will be entitled to a certain amount of compensation. They are required to pay a certain amount of fee
How we built it
The smart contract is coded in solidity where Chainlink is used to get current Ether price using the Covalent api and the same process is done at the time of withdraw
Challenges we ran into
Integrating Chainlink with Covalent,Creating user friendly UI, Working on the deposit mechanism
What's next for insurETH
Implementing insurance for other currencies, Developing a better business model
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