Earn passive income by adding liquidity to the insurance protocol. The protocol acts similar to a peer to peer put option. By adding liquidity you are covering any claims made by the buyer of the put options in the event that the price drops below their strike price.
In the event that the price of the underlying asset doesn’t drop below the buyers strike prices you will not pay out any claims and capture their premiums.
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DeFi Protection, Delivered. It Gets Safer from Here.
© 2022 Union Protocol Labs, Inc.
The use of terms such as “insurance”, “protection”, and “coverage” are illustrative to only enable the reader to better understand the UNION technology platform. The use of these terms does not mean UNION is an insurance company. UNION is not an insurance company and UNION does not sell policies of insurance.