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Buy insurance

You can see your portfolio in the very first tab.

profile-tab

Pricing

The total price is the base price multiplying the insurance rate. Roughly speaking, the share price increases slightly as more and more shares are purchased. You can check the "Basis price" for the price of an individual share.

To buy insurance, the fee you need to pay multiplies by a rate. Accurately, the rate is set to 100% per insured day with a 1% depreciation, and the longest period you can buy is 100 days. By the way, you can buy 0-day insurance with the base price, which gives you merely share, with no insurance included.

In other words, you can get a discount if you buy longer insurance coverage. (bp stands for basis price, d is the insurance coverage length in a day)

"A day of insurance" starts from the current time and ends sharply at 0:00 UTC (Coordinated Universal Time), regardless of your timezone. This means that the "time" is universal, the same for all applicants, to avoid tedious timezone conversions. For example, if you buy a 3-day insurance at 1:00 UTC, Sep. 3, it expires at 0:00 UTC, Sep. 6, effectively 71 hours in total. Notice that due to this nature, your insurance at the first day is subject to be incomplete.

For those who don't know what UTC is, we set up a tiny clock that reads the client's local time for reference.

Ether distribution

Your insurance-buying payments are distributed as follows:

Destination Percentage Side note
Dividends 15% Equally distribute to all shareholders
IIP 10% Reserve for Insurance Improvement Proposals
External 20% Allocate to insurance agent (0~16%) and vault
Pool 55% Compensations for MakerDAO Emergency Shutdown

Referrals

This is the featured part of the game.

Registering a name (i.e., becoming an agent) unlocks a set of links for advisory. If an applicant clicks your link, you are logged as his referrer. When he further purchases insurance, you receive a special amount of money called the referral income.

There are three types of referral links: per-wallet, per-name, and by serial number (anonymous link), whose function is the same. You can choose the best suit for your needs. Notice that referrer information is stored in the browser, not hooked to that account, and is overwritten when entering the other referrer's link.

A secret: you can use your own referral link. You will get the referral bonus as well.

Agent system

The referral bonus is calculated as follows:

  1. If there is no referrer (agent), no bonus is spared from the fund.
  2. Otherwise, the referrer receives a fixed part of the fund, according to the referrer's level (ranging from 1 to 10).
Level Required referral income Referral bonus
N/A N/A 0%
Bronze 0 7%
Silver 0.073891 8%
Gold 0.200855 9%
Platinum 0.545981 10%
Beryl 1.484132 11%
Sapphire 4.034288 12%
Ruby 10.966332 13%
Emerald 29.807980 14%
Diamond 81.030839 15%
Blue Diamond 220.264658 16%

Upon registration, you start at level 1. Your referral income is accumulated within each round, unaffected by withdrawals. If your referral income meets the requirement of higher levels, you can send a "upgrade" request and hop onto the next level. The upgrade button looks like below:

The maximum level is 10. Go for it.

The vault

Your dividends and referral incomes do not directly go to your wallet. Instead, they are kept in the vault. It is a safe place for your money so that you can withdraw it whenever you want. When the round ends, you can also claim your compensation there.

When MarkDAO ESM has been triggered

where IU = insurance units. The contract will stay there for you to take your money. Then look forward to the next round!

Glossary