Guardian Ai
  • INTRODUCTION
    • Overview
    • Dapp Insurance Automation
    • Cross-Chain Compatibility
    • Claims DAO
    • Risk Assessment Engine
    • Dynamic Premium Pricing
  • How to Use the Dapp
    • How to Insure
    • Manage and monitor
    • How to Claim
    • View Claim Status
  • Type of scams we cover
    • Rug Pull
    • Honeypot
    • Team Dumping Tokens
    • Other
  • More
    • Roadmap
    • Tokenomics
    • Long Term Future
    • Conclusion
  • USEFUL LINKS
    • Telegram
    • Twitter (X)
    • DAPP
    • Website
  • Project updates
    • Partnerships
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  1. INTRODUCTION

Overview

Insurance Mechanism

Guardian AI Protocol is a decentralized insurance platform designed to protect users from scams like rug pulls, honeypots, exit scams, farms and a lot more in DeFi. It combines on-chain monitoring, risk assessment, and community governance to provide coverage and payouts.

Initial launch overview.

  1. Purchase of Guardian AI Tokens ($GUARD): Users begin by purchasing $GUARD tokens, which will serve as the collateral (by simply holding) for their insurance coverage. For example, if a user purchases $1000 worth of $GUARD tokens, they are eligible to insure up to $1000 in third-party tokens listed on our Dapp.

  2. Selection of Third-Party Tokens for Coverage: Users can choose from a list of approved and supported third-party tokens on the Guardian AI decentralized application (DApp). These third-party tokens could include popular cryptocurrencies, from utilities to memes, new launches and old.

  3. Insurance Coverage: Once you have insured yourself on a third party token listed on our dapp, you are now protected against a list of possible scams and frauds. If those scams are committed, you can then claim back 100% of your insurance coverage.

  4. Payout for insurance claims: Payouts for claims shall be processed via the insurance fund, which will be made up off taxes and the token reserve (20%) which will be locked on Team Finance with unlocks for payments on a monthly basis.

  5. Example Scenario for token collateral method (Dapp V1)

    • User: Purchases $1,000 in $GUARD token

    • User: Insures $1,000 in “MemeCoin” via Dapp (User keeps his $GUARD tokens and is now insured on said project as long as he holds $GUARD token)

    • Trigger: Devs drain liquidity; DAO confirms the rug pull.

    • Payout: User uses the dashboard in the Dapp to process claim, receives $1000 from the Guardian Ai Insurance fund.

  6. Example Scenario using direct premium method (Dapp V2)

    • User: Insures $1,000 in “MemeCoin” (unaudited with risk score of 8, pays 10% premium = $100).

    • Trigger: Devs drain liquidity; DAO confirms the rug pull.

    • Payout: User uses the dashboard in the Dapp to process claim, receives $1000 from the Guardian Ai Insurance fund.

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Last updated 1 month ago