M
M
Marquee
ENG
Search
K
Comment on page

Buy Cover

A guide on how to buy covers.

Step 1: Launch Marquee dApp and connect your wallet

Step 2: Buy Cover

Option 1: Crypto Price Cover

  • Click Buy Covers and navigate to Crypto Price page.
  • A collection of Crypto Price Covers will be displayed for you to choose from.
  • Click Get Covered for the cryptocurrency you would like to get covered on.
  • Choose your preferred type of insurance.
    • Bear Insurance: A cover giving the policy holder the right to obtain the payout amount if the price of the underlying asset goes below to the trigger price within a specified time frame.
    • Bull Insurance: A cover giving the policy holder the right to obtain the payout amount if the price of the underlying asset goes above to the trigger price within a specified time frame.
  • Enter your Trigger Price, Insurance Term and Premium.
  • After that, the system will calculate the Leverage and the Payout Amount to be received.
  • Click Approve USDT and Buy.
  • Please confirm the information of the insurance policy you selected.
  • After that, click Confirm when agreeing to all the policy's details below.
  • Confirm the transaction in your wallet. Once payment has been made and confirmed, you assets are now covered by Marquee.

Option 2: SMART CONTRACT COVER

  • Click Buy Covers and navigate to Smart Contract page.
  • A collection of protocols will be displayed for you to choose from.
  • For each protocol, the following information will be shown.
    1. 1.
      Blockchain: a list of chains on which the protocol is covered.
    2. 2.
      Security Score: a numerical summary of the protocol's security posture based on Project Implementation, Project Operation, Founding Team, Security Audit and Code Quality.
    3. 3.
      Remaining Capacity: A cover amount available for purchase.
  • Click Buy for the cryptocurrency you would like to get covered on.
  • On the checkout page, choose your Insurance Term and enter your Premium.
  • After that, the system will calculate the Leverage and the Payout Amount to be received.
  • Click Approve USDT and Confirm.
  • Please confirm the information of the insurance policy you selected.
  • After that, click Confirm when agreeing to all the policy's details below.
  • Confirm the transaction in your wallet. Once payment has been made and confirmed, you assets are now covered by Marquee.