Project Update | 2021.5.7

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


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.

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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:


MDS Telegram Group


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


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。


MutualDAO 上线 snapshot,支持通过 MDS 进行治理投票

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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。


MDS Token 信息




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