💢How to buy Nami Insurance?
Step 1: Visit https://namiinsurance.io/buy-covered and proceed to Connect Wallet
Then select the asset to be insured and the corresponding expectation (Bull or Bear).
Step 2: At this time, Nami Insurance system will suggest to users a term insurance contract and the best payment level with specific parameters such as: Q-Cover, P-Claim, Period, Margin.
Step 3: Select "Confirm"
Step 3: Select “Sign” on Metamask:
Note:
When the user decrease the margin ratio, the payout ratio (R-Claim) will increase but the P-Expire is lower
When increasing the insurance period, the user will reduce the risk of liquidation due to the policy expiration, but vice versa, the payout ratio (R-Claim) will be lower.
To keep the same rate and margin value, users can adjust the Q-Cover higher
Percentage on the chart showing the distance at a specific price (P-Claim, P-Refund, P-Expire) to the market price
The % value at P-Expire on the chart
represents the distance from P-Expire to P-Market
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