Rank #1617
1,470 people like this
unslashed finance  (USF)

Unslashed Finance (USF)

$0.345972 24.0%
0.00000965 BTC 21.3%
0.00013667 ETH 17.8%
1,470 people like this
$0.266425
24H Range
$0.347752
Market Cap $3,506,870
24 Hour Trading Vol $7,778.14
Fully Diluted Valuation $29,868,038
Total Value Locked (TVL) $59,307,876
Fully Diluted Valuation / TVL Ratio 0.5
Market Cap / TVL Ratio 0.06
Circulating Supply 10,097,444
Total Supply 86,000,000
Max Supply 86,000,000
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USF
USD
USD

Unslashed Finance (USF) Price Chart

Live Chart

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1h
24h
7d
14d
30d
1y
0.1%
24.0%
-21.6%
-2.5%
-48.1%

USF Price and Market Stats

USF Price $0.345972
Market Cap $3,506,870
Market Cap Dominance 0.00%
Trading Volume $7,778.14
Volume / Market Cap 0.0022
24h Low / 24h High $0.266425 / $0.347752
7d Low / 7d High $0.266597 / $0.539036
Market Cap Rank #1617
All-Time High $15.45 -97.8%
Mar 03, 2021 (11 months)
All-Time Low $0.266425 30.4%
Jan 22, 2022 (15 hours)

Unslashed Finance Coin Price & Market Data

Unslashed Finance price today is $0.345972 with a 24-hour trading volume of $7,778.14. USF price is up 24.0% in the last 24 hours. It has a circulating supply of 10 Million USF coins and a total supply of 86 Million. If you are looking to buy or sell Unslashed Finance, Hoo.com is currently the most active exchange.

What is USF?

USF is the governance token for the Unslashed Finance protocol. 

 

How to obtain USF?

Users can purchase USF from exchanges such as Uniswap

 

What is Unslashed Finance?

unslashed finance defi

Unslashed Finance is a decentralized insurance protocol. Rather than focusing on retail users, Unslashed Finance focuses on getting more protocol clients. It has managed to secure clients such as Lido DAO and Enzyme Finance.  

As of March 2021, Unslashed Finance is still in private beta mode. The team is conducting yield farming programs to encourage early users to provide capital and buy covers. 

 

What are the insurance products offered by Unslashed Finance?

Unslashed Finance offers a variety of insurance products, with six main categories:

  1. Custodian: A custodian is an entity that safeguards or holds a user’s funds. The coverage protects users against hacking of the funds held by the custodian. The risk is lower as these custodians generally have high levels of security.

When the custodians have their insurance policies, Unslashed would only compensate the losses over the Custodian’s insurance policy. 

  1. Wallet: A wallet is anything that stores a user’s funds without the use of a custodian. It can be a hardware wallet or a software wallet. Unslashed covers large-scale exploits in the product’s firmware or software.

Phishing attacks or individual hacks are not part of the scope of this policy.

  1. Exchange: Centralized exchanges that hold customers’ funds. Similar to the custodian policy, Unslashed only covers losses over the Exchange’s insurance policy.

  2. Decentralized applications (Dapps): Mainly referring to DeFi protocols. Unslashed covers the smart contract hacks. 

  3. Validator: Validators exist to verify incoming on-chain transactions and secure PoS (proof of stake) blockchains. On PoS blockchains, the assets staked can be slashed if the validator misbehaves. Unslashed covers the cost of getting a slashing penalty.

  4. Oracle: Oracles are essential to many DeFi platforms. They provide a price point in which many contracts call upon to retrieve price data in real-time. Unslashed covers the losses caused by a malfunction in a price oracle.

 

What is a bucket?

The bucket is essentially a pool of capital used to provide coverage for the insurance products in Unslashed Finance. There are multiple buckets, each catered for different risk profiles. 

The first bucket launched is named spartan bucket. It contains seven types of policies but will eventually increase until 24, at which time the yield of capital provider is expected to be between 15% and 20%. Spartan Bucket has a maximum default exposure of 5% per policy. 

 

How is the premium calculated?

Details are scarce, but the team mentioned it is based on utilization ratio and available capital. 

 

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