Claim Assessor
Roles and responsibility of the Claim Assessor
$INSUR token holders can stake the $INSUR tokens to become the Claim Assessor. The Claim Assessor will be entitled to the right to vote in each claim assessment and earn $INSUR tokens as rewards if their votes match with the voting result.
During each voting session, the more tokens the user stake, the more voting tickets they will get (* voting weight will be capped at 5% of the total votes), and the more rewards they will receive.
Note:
1.) Users will only be able to vote if they stake before each voting session begins. Users who join after will be disqualified.
2.) The claim can be assessed by Claim Assessor across all chains. Users can choose any chains to stake.
3.) To prevent repeated voting, users' staked tokens will be locked for 3 days after each vote they made. They will only be able to unstake the tokens after this lock-up period.

Voting weight

Voting weight measures the percentage of a user's voting tickets over the total votes during the voting session. It is calculated using the formula below:
weight(voting)=amt(INSURuserA)amt(INSURall)weight(voting)=\frac {amt(INSUR_{userA})} {amt(INSUR_{all})}
  • amt(INSUR_userA): amount of INSUR staked by user A on all chains
  • amt(INSUR_userA): amount of INSUR staked by all users on all chains
  • weight(voting): the calculated weight will be capped at 5%
The voting weight will then be used to calculate the number of voting tickets a user can get:
ticket(userA)=weight(voting)ticket(total)ticket(userA)=weight(voting)*ticket(total)
  • ticket(total): total number of tickets for the voting

Example:

  • User A has staked 100 INSUR on Ethereum, 500 INSUR on Polygon and 200 INSUR on BSC.
  • Total amount of INSUR staked by all users on all chains is 10,000 INSUR.
  • Total number of voting tickets is 10,000
Hence, for User A:
  • Staking weight is (100+500+200)/10000 = 8%
  • Voting weight is 5%
  • Number of voting tickets is 10000 * 5% = 500

User Guide