Project Name: Trench Insurance Project Track: DeFi Team Name: Team Trench Team Member(s): 2 @singleton & @stefanliemawan DevPost URL: Coming soon Project Goal: The goal is to provide unbanked people access to trustless insurance Project Info: Coming soon Project Website: Coming soon Project Test Instructions: Coming soon Project Details: Trench aims to make it possible for the unbanked to be insured. The team makes use of various datasheets to train algorithmic ML model to automatically calculate premium and disbursement value without requiring a trust from third party.
In this hackathon, we aim to provide a prototype insurance that will provide a protection against any risk of losses suffered by the insured(user) caused by inflation volatility.
Insurance is always good, but i know insurances also comes with weekly or monthly subscription fees. Will those who will engage in your platform require to pay any fees.
Also how sustainable will this project be in we run into a serious bear market as we are in now, wouldnt the contract be drained of it funds as everyone subscribed to the system be losing fnda on a continuous daily basis.
Calculating premiums is a complicated process and requires a good knowledge of underwriting and acturial science. I would like to know more about the logic used for the algorithms in the project.
