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Project Update | 2021.5.7


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Mutual DAO System (MDS) is the first global mutual aid system based on blockchain & smart contract, which also leverage DAO (Decentralized Autonomous Organization). It combines the traditional mutual insurance model with blockchain and smart contract which provide a low operation cost and guarantee of compensation for risks.

The investment institutions of MDS include well-known blockchain VCs such as Fenbushi Capital, Danhua Capital, Fundamental Labs and etc.

We gratefully thank all the community friends and MDS fans that the project could not go far without your support and trust. MDS project focuses on long-term development, and our community will always follow the principle of fairness and transparency. We biweekly release our project updates in form of the following progress journal:

MDS DeFi Insurance Contract

Launched:

MutualDAO Market – DeFi Insurance Aggregator

MutualDAO Market combines price, active users, NFT and will support cross-chain (including ETH, Heco, BSC etc).
With more and more DeFi insurance protocol, user do need a insurance aggregator market that can help to choose the best protocol.

MDS Governance

MutualDAO listed on snapshot, all MDS holder and vote the proposals there
Snapshot is a off-chain, gasless, multi-governance community polling dashboard used by many DeFi projects.

https://snapshot.page/#/mutualdao.eth

Screen Shot 2020-11-27 at 18.30.18

Blockchain Insurance Trends

Recently, Tidal Finance, the decentralized insurance project in Polkadot ecosystem, is relatively active now. It first announced the cooperation with Polygon, the scalability solution of Ethereum, to provide insurance services for the smart contracts of the Polygon network. Then announced the cooperation with Bifrost, the DeFi basic protocol of Polkadot, Tidal Finance will underwrite the vETH smart contract and provide protection for Bifrost's vToken through the mutual insurance pool model to strengthen the security level of the Bifrost platform. At the same time, the DeFi insurance protocol Cover Protocol announced that its V2 version has some problems after Quantstamp's security audit. The Cover team is currently solving these problems and is expected to officially release Cover V2 on 1st May. Cover V2 will launch two product lines, namely the peer-to-peer insurance market and the Cover crypto market.

Starting from this episode, we will introduce more in following episodes about some decentralized insurance projects appearing in various forms in the market of different countries.

Friendsurance, founded in Berlin, Germany in 2010, is a typical decentralized insurance. The founding team noticed that the pain points of traditional commercial insurance are the high expense and the lack of transparency. Many people have to pay high premiums every year without any return. Therefore, Friendsurance proposed a revolutionary P2P (peer-to-peer) insurance model for the first time to refund those members who did not make a claim at the end of each year. Friendsurance's model is that users purchase the insurance products on the Friendsurance platform, and then invite relatives and friends through social media such as Facebook and Linkedin to form a group of 4-16 people, in order to have the mutual insurance partnership. Of course, users do not need to invite relatives and friends. Friendsurance will automatically divide users into different group by the type of insurance they hold.

The premium that user paid will be divided into two parts, one part is used for the premium of traditional insurance products, and the other part will be used in the refund pool. If a member of the group is in danger, and the claim amount is small, the cost will be directly covered by the refund pool. If the claim amount exceeds the coverage of the refund pool, the insurance company will pay for the extra part. Therefore the model is about small claims are shared by members and large claims are paid by insurance companies. At the end of each year, if no member of the group makes a claim, each member can get a refund of the premium from the refund pool, up to 40%. Othserwise, in the case of a claim, the rewards for each member will be reduced accordingly. Friendsurance's P2P model has two major features. One is to use acquaintances to reduce risk control costs, and the other is to reduce the cost of information interaction through the Internet. Compared with traditional insurance products, Friendsurance's model can reduce costs by up to 50%. While giving consumers actual discounts, it also improves user satisfaction and loyalty level.

MDS Token Info

Total: 2,000,000,000
Total Circulating: 1,199,999,624

Data Source:
https://coinmarketcap.com/currencies/medishares/
https://www.feixiaohao.com/currencies/medishares/
http://blog.medishares.org/?p=1965

Exchanges
Huobi: https://www.huobi.vc/zh-cn/exchange/mds_usdt/
Gate: https://www.gateio.life/trade/MDS_USDT
Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0x66186008c1050627f979d464eabb258860563dbe

MDS Telegram Group

https://t.me/medisharesEN

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项目进度报告 | 2021.5.7

Mutual DAO System (MDS) 是世界上第一个基于区块链智能合约的互助系统,通过 DAO 自组织的形式实现更高效的互助保障(互助保险)平台。基于区块链接技术提供相互保障智能合约创建和使用平台,有效降低保障产品的运营成本,同时提供更高的保障资金安全性。MDS 的投资机构包括分布式资本、丹华资本、Fundamental Labs等著名区块链VC。

MDS 的发展离不开社区用户的支持与信任,我们对此表示由衷地感谢。我们专注于项目的长期发展,秉持公正透明的社区原则,以进度报告形式定期展示项目各方面进度,以下为最近一段时间的进度更新报告。

DeFi 合约保险开发

已上线产品:

MutualDAO Market – DeFi 保险产品聚合器

MutualDAO Market 结合币价、数据、NFT功能,并提供跨链支持(ETH、Heco、BSC等)。
随着 DeFi 保险协议越来越多,市场也随之需要一个能够方便用户快速找到最合适的DeFi保险产品平台。

治理

MutualDAO 上线 snapshot,支持通过 MDS 进行治理投票
https://snapshot.page/#/mutualdao.eth

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区块链保险行业分析

近期波卡生态去中心化保险项目Tidal Finance比较活跃,先是宣布与以太坊扩容解决方案Polygon展开合作,为Polygon网络的智能合约提供保险业务,随后又宣布与波卡生态的DeFi基础协议Bifrost达成合作,Tidal Finance将承保vETH智能合约,并通过互助保险池的模式为Bifrost的vToken提供保障来加强Bifrost平台的安全性。同时,DeFi保险协议Cover Protocol宣布其V2版本在经过Quantstamp的安全审计后发现存在一些问题,目前Cover团队正在解决这些问题,预计于5月1日正式发布Cover V2。Cover V2将启动两条产品线,分别为点对点保险市场和Cover货币市场。

从这期开始,会陆续介绍一些在不同国家市场上以各种形态出现的去中心化保险项目。2010年,诞生于德国柏林的Friendsurance,就是典型的去中心化保险。创始团队发现传统商业保险的痛点,价格贵且缺乏透明度,很多人每年需要支付高昂的保费却没有任何回报。因此,Friendsurance首次提出了具有革命性的P2P(peer-to-peer)保险模式,以奖励那些每年年底没有出现索赔的小组成员。Friendsurance的模式是用户先在Friendsurance平台购买所需的保险产品,然后通过Facebook、Linkedin等社交软件邀请亲戚、朋友组成4-16人的小组,构成互助保险关系。当然,用户也可以不邀请亲朋好友,Friendsurance会通过系统自动匹配的方式,将持有相同类型保险的用户进行分组。用户所交的保费会被分成两部分,一部分作为传统保险产品的保费,另一部分则进入一个用户回报资金池。如果小组中有成员出险,当其索赔金额较小时,则从用户回报资金池中直接予以赔付,当索赔金额超过用户回报资金池的覆盖范围时,则由保险公司对超出的部分予以赔付,形成小额赔付互助分摊,大额赔付由保险公司承担的模式。每年年底,如果小组里没有成员出险索赔,则各成员能够获得用户回报资金池中保费的返还,最高可以达到40%。如果发生了索赔,则每个成员获得的返还奖励将相应降低。Friendsurance的P2P模式有两大特点,一是利用熟人关系降低风控成本,二是通过互联网降低信息交互成本。相比于传统保险产品,Friendsurance的模式可以降低高达50%的成本费用,在给予消费者切实优惠的同时,也提高了用户的满意度和忠诚度。

MDS Token 信息

总量:2,000,000,000
总流通:1,199,999,624

数据来源
https://coinmarketcap.com/currencies/medishares/
https://www.feixiaohao.com/currencies/medishares/
http://blog.medishares.org/?p=1965

交易
Huobi: https://www.huobi.vc/zh-cn/exchange/mds_usdt/
Gate: https://www.gateio.life/trade/MDS_USDT
Uniswap: https://uniswap.mathwallet.xyz/#/swap?outputCurrency=0x66186008c1050627f979d464eabb258860563dbe

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