Cover Products
Marquee provides extensive coverage on a range of different categories:
➡️Crypto Price Cover
➡️Smart Contract Cover
➡️NFT Cover (Coming Soon)
➡️Traditional Finance Cover (Coming Soon)
➡️Parametric Cover (Coming Soon)
Users can purchase insurance policies through Marquee at any time. Marquee calculates theinsurance premium using public information such as current currency price, volatility, guarantee time.Insurance amount and other conditions to determine the policy compensation payout ratio. After theuser signs up using their wallet and pays the quoted premium, Marquee will generate an NFTinsurance contract for the user, which includes strike price, expiration time, payout ratio,compensation amount, etc. Due to the fact that the parameters for each insurance contract must bedifferent, every contract is unique. Part of the insurance premium paid by the user will be extracted bythe platform as management fee.
Crypto Price Cover
Crypto Price Cover is Marquee's flagship insurance offering. We provide coverage on most blue-chip cryptocurrencies, such as:
Bitcoin
Ethereum
BNB
And more
Marquee offers Crypto Price Cover to users who hold certain ERC-20 tokens. The insurance premium is calculated based on the underlying assets price path and the option-pricing model. The insurance contract contains information such as start time, strike price, payout amount (ratio), etc. The condition that triggers payment is the following. When the insured token’s price reaches the level specified on the contract, the product pays the users according to the amount purchased and the payout ratio.To provide policy holders a fair and just outcome, Marquee uses Chainlink Oracles (a decentralised price oracle) to fetch price information. Once the insured token's price reaches the level specified in the contract, the product pays the users automatically according to the amount purchased and the payout ratio.
Smart Contract Cover
Marquee provides smart contract coverage on DeFi protocols ranging from small to large. Get covered for security exploits on platforms such as:
Aave
PancakeSwap
Balancer V2
And more
Marquee Smart Contract Vulnerability Insurance will pay out for:
the digital currency assets of the insured suffer material losses from an accident caused by the insured smart contract due to its security vulnerability during the validity term of the policy; and
that the assets that were covered of the insured are permanent and irreversibly removed from their ownership, such as assets being moved to another address or addresses that the insured cannot access and/or control; and
the affected wallet address exposed to said losses is the same wallet address used by the insured when purchasing insurance and the insured user would have to prove his ownership of the affected wallet.
Marquee ensures the claim data is on-chain, open and transparent. Insurance purchasers need to provide any proof or evidence when claiming. The claim will be reviewed by the DAO. The Advisory Committee, Professional Claim Adjusters and Public Claim Adjusters vote together to determine the outcome of payout is fair and just.
NFT Cover (Coming Soon)
NFT investments are illiquid and speculative. Protect your favourite NFT collections with Marquee from extreme market conditions.
Traditional Finance Cover (Coming Soon)
TradFi Cover is insurance coverage for a wide range of assets from traditional markets.Marquee will provide protection for:
Stocks
Forex
Commodities
Parametric Cover (Coming Soon)
Parametric Covers provide insurance against the occurrence of certain events that tend to have an adverse effect on a user's financial health.Marquee will provide coverage for a wide range of events, such as:
Natural Disasters:
Pandemic Protection:
Other:
Flight Delays
Lost Baggage
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