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

Built With

Share this project:

Updates