Neptune Mutual is a cutting-edge decentralized parametric insurance protocol that offers payouts based on parameters, rather than individual claim assessments. Upon resolution of an incident, policyholders of the affected protocol receive payouts, making the claims process easier, faster, and more reliable.
Available on popular dapps such as Uniswap, 1inch, Sushiswap, Compound, Aave and so on, Neptune Mutual is live on the Ethereum chain and has recently added the Arbitrum chain as well. The company has formed strategic partnerships with OKX and Binance, and has raised a total of $10 million over 3 funding rounds, including their latest Series A round in May 2022 for $5.3 million.
The $NPM token is confirmed, and you can find more information on the Neptune Mutual website.
Qualifying for the Airdrop
To qualify for the airdrop, you must follow these two steps:
- Buy insurance
- Provide liquidity through Neptune Mutual
o buy insurance, follow these steps:
- Visit the Neptune Mutual website
- Choose to launch on either the Ethereum or Arbitrum chain
- Scroll down and select a "Cover product"
- Choose a product with a "Utilization ratio" below 100%
- Select "Purchase Policy"
- Enter the amount of protection you require (minimum of 10 USDC)
- Choose a coverage period (the longer the coverage period, the higher the fee)
- Purchase the policy
- You can find your policies under the "My Policies" tab
It's important to note that if there is a hack or incident on the protocol you insured, you will receive the insured amount by claiming it on Neptune Mutual. Be sure to check the "Cover Parameter" to understand the terms and conditions before proceeding. Keep in mind that the policy fee is non-refundable, and only the insured amount will be funded if there is a hack or incident.
✅ Neptune Mutual's $NPM token is confirmed. You can find more details here.
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🔰 So here is how we may qualify:
1️⃣ Buy insurance
2️⃣ Provide liquidity through Neptune Mutual
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1️⃣ Buy insurance:
- Go to: https://neptunemutual.com
- Launch on Ethereum or Arbitrum (Recommend to try on both chains)
- Now scroll down and select a "Cover product"
- Choose any one product which has "Utilization ratio" below 100% 👇🏻
- Next select "Purchase Policy" 👇🏻
- Next enter how much protection you require. Minimum we can enter is 10 USDC 👇🏻
- Next choose a coverage period. The longer coverage period you choose, the higher the fee will be 👇🏻
- Finally, purchase the policy 👇🏻
- Done! You have successfully bought an insurance using Neptune Mutual.
- You can find your policies on "My Policies" tab 👇🏻
📌 Important info:
It's important to note that if there is a hack or incident on the protocol you insured, you will receive the insured amount by claiming it on Neptune Mutual. Be sure to check the "Cover Parameter" to understand the terms and conditions before proceeding. Keep in mind that the policy fee is non-refundable, and only the insured amount will be funded if there is a hack or incident.
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2️⃣ Provide liquidity:
To provide liquidity, follow these steps:
- Visit the Neptune Mutual website
- Choose "Provide liquidity"
- Agree to the terms and conditions
- Provide liquidity
- Go to: https://arbitrum.neptunemutual.net
- The steps are same as "Purchase Policy", but this time, need to choose "Provide liquidity" 👇🏻
- Then agree the terms & conditions and provide liquidity. That's it.
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💡 Tips:
Tips:
- Purchase a minimum of 10 policies with a gap of 10-15 days between each purchase
- It is recommended to purchase a minimum of 100 USDC worth of policy, with a policy fee under 1.5 USDC for 100 USDC policy
- Provide a minimum of 100 USDC in liquidity.
To learn more and in up
https://earn3.me?referral_code=vYWgM3FU
