3F Mutual — an insurance agreement that runs on the blockchain and aims to create a hedging mechanism towards DeFi products like MakerDAO, which hedge against DSS (Dai Stablecoin System).
Contents:
Description of the 3F Mutual
3F Mutual — an insurance protocol that runs on the blockchain and is designed to provide a safe haven from DeFi products. It is insurance against the MakerDAO Stable Currency Protocol, which provides a hedge against the potential systemic collapse of the Dai Stablecoin system.
Among them, an "insurance agent" is a person who earns a commission through the promotion of 3FM. Using the decentralized identity protocol IPFS and 3Box, links in 3F Mutual can carry personalized information such as avatars and captions, creating a convenient recommendation system.
There are three roles in 3FM, according to the 3F Mutual design:
| Firstly | Insurers pay premiums in exchange for hedging risks. |
| Secondly | Underwriters provide funds and collect insurance premiums. |
| Thirdly | Insurance agents do not contribute to capital, but simply receive bonuses through a referral. |
Comparing all referral systems on the market, Mutual has two major improvements to the original model: a long-term incentive mechanism and a personalized referral profile page.
The difference is that while the agent is earning referral income, they also have future growth. When the accumulated income reaches a certain threshold, you can "move up" to a higher class and receive a higher commission. When you reach the highest level, hidden privileged features will be unlocked for you.
Additional information
Since the site does not have White Paper and RoadMap, you can get detailed information about the platform through the blog on the Medium platform.
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The smart contract doesn't have an audit.