Neptune Mutual project safeguards the Ethereum community from cyber threats. The protocol uses parametric cover as opposed to discretionary insurance. It has an easy and reliable on-chain claim process. This means that when incidents are confirmed by our community, resolution is fast.

What’s New About This Month ?

They’re added a new reward category – Neptune Mutual collectible NFTs. Through our NFT collection, we hope to share with our community the chronicles of Neptune, lord protector of the seas.

Diversified cover pools help provide liquidity to a portfolio of cover products, each with its own specific cover policy trigger parameters.

If a trigger incident occurs, all the policyholders of that specific cover product get a pay out from the diversified pool.

In this way, partial payouts of liquidity are possible from a diversified cover pool in the sense that each cover product is allocated only a portion of the total liquidity of the diversified pool.

Register on Gleam and then follow the instructions to enter the contest and earn points.

Gleam link:

https://wn.nr/A9QNPE

Test the Neptune Mutual protocol at https://test.neptunemutual.com/

Head over to Metamask, and choose your preferred test network as Fuji. Visit https://faucet.avax.network/ to acquire your Avalanche Fuji testnet tokens, And Claim Faucet On Here

https://faucet.neptunemutual.com/

Participate in quality transactions and provide feedback on the protocol in our selected Discord channels.

After completing the transactions, you can access our Leaderboard to see the points you've earned and the rankings they correspond with. Check Ranking Here

https://leaderboard.neptunemutual.com/

As a cover policy purchaser, your role is to go through the various cover products in the marketplace and purchase policies for your preferred projects. The process is straightforward and takes only a few minutes to complete.

Step 1: If you choose to [Purchase Policy], you will get a brief overview of the project.

It will show you the amount of stablecoin in the cover pool along with the liquidity available to underwrite policies available in the cover pool.

On the right, a reporting period section shows you how long it will take the community to validate an incident after it is reported.

Typically, the reporting period on the (Avalanche) mainnet will be 7 days. However, for the testnet, it’ll only take 30 minutes to make testing easier.

You’ll also find the cover rules that define the conditions that’ll trigger a cover policy to make a payout.

Step 2: If you agree with the cover rules, you can confirm your cover policy purchase by clicking the checkbox and [Next].

After agreeing to the cover rules, you can now input the amount of cover protection you need.

Step 3: Select your coverage amount.

Then, you’ll receive cxDAI that you’ll hold on to for the duration of the cover policy.

You will use these cxDAI tokens to make your claim in the event the community decides your policy should get a payout after the incident.

Step 4: Select your coverage period.

You’ll find your claim’s expiry date and the cover fee you’ll need to pay in stablecoins.

Step 5: Click [Approve DAI] then confirm the transaction.

Afterward, you should see the notification: Purchase Policy Successfully.

Step 6: To check your new policy, go to the [My Policies] tab at the top of the screen.

You should find your new cover policy on your dashboard.

The liquidity provider (LP) role is importance because LPs provide the capital that is used to underwrite the risks associated with the policy of the cover product. As an LP, you will earn cover fee income, as well as Proof of Deposit (POD) tokens that can be staked for additional rewards.

Step 1: If you choose to [Provide Liquidity], you’ll get a brief overview of the project similar to that when you choose to purchase a policy.

Step 2: If you agree with the cover rules, you can provide liquidity and confirm by clicking the checkbox and [Next].

Step 3: Enter the number of NPM tokens you wish to stake.

Step 4: Enter the amount of stablecoin liquidity you want to supply.

As a result, you should get an equivalent Proof of Deposits token (POD) against the liquidity you provided in DAI.

Each cover will have its unique POD.

Step 5: Click [Approve DAI] and [Approve NPM].

Step 6: Confirm each of the continuing transactions in your wallet.

When a predefined trigger event occurs, it’s the duty of the incident reporter to report it and ensure it fits within the parameters of the cover rules. You will earn rewards for reporting and validating incidents, as well as for disputing incidents that do not meet the specific trigger parameters.

The first place winner gets a Surprise NFT Treasure Vault and the second place winner gets a Surprise NFT Treasure Box. The other 100 winners each receive $100 worth of NPM tokens at the IDO or public round price and one Neptune Mutual NFT.