The public blockchain ecosystem has revolutionalized global financial and organizational structures through smart contracts, which automatically run any codes and are accessible from around the world.
However, the new paradigm of systems has also generated untenable behaviors of smart contracts that sometimes resulted in the loss of funds and significant losses to users.
By providing insurance against such incidents, InsureDAO aims to stabilize the entire public blockchain ecosystem. It is an open and composable module that not replicates the existing insurance model with smart contracts but works autonomously within the Public blockchain ecosystem. Since the process and structure of InsureDAO are complex, this document will try to make it as easy to understand as possible.
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