Neptune Mutual
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1.0.0
Welcome
About Neptune Mutual
NPM Token Design
Project & Repositories
Frequently Asked Questions
Neptune Mutual SDK
Quickstart
Usage
Provider Configuration
Create a New Cover
Cover Assurance
Add Liquidity
Cover Provision
Purchase a Policy
Governance
Claims & Payouts
Covers
Background
Introduction
Contract Creators
Cover Fee Redemption
Liquidity Providers
Purchasing Covers
Incident Reporting
Protocol Fees
About PODs
USD Cover Token
Definitions
Cover Products
Policy
Risk Pooling
Claims & Payout
Governance
Risks
Reserves
Extensions & Plugins
Not Applicable
Pool
Pool Introduction
How Does Farm Work?
Pool Smart Contracts
Community
Partner Program
Our Ethos
Code of Conduct
Moderation Panel
Apply to Contribute
Credits
Usage
Recovering Cryptocurrencies
Risk Factors
Brand Assets
License
Source Code
Disclaimer
Terms of Use
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USD Cover Token
When you purchase a policy by paying a fee, you will receive a special kind of token known as cTokens. The cTokens could be, in theory, cUSD, cEUR, cGBP, etc that represent a stablecoin. For the first version, the Neptune Mutual Protocol only support USD Cover Token or cUSD. In the future versions, we can easily support multiple stablecoin tokens.
Polygon Transaction Hash (Txhash) Details | PolygonScan
Polygon (MATIC) Blockchain Explorer
In the above link, you can see that the user received 50,000 cUSD by paying ~1123 DAI policy fee. If a cover incident and resolution occurs, the user will be able to claim the 50,000 cUSD to receive 50,000 DAI claims payout. Otherwise, the token should be discarded.
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About PODs
Next - Definitions
Cover Products
Last modified 4mo ago
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