Etherisc DIP Token DIP

Etherisc DIP Token is a token that is associated with the Decentralized Insurance Protocol (DIP) and the Etherisc ecosystem. It serves as a means of participating in the success of the ecosystem. Token holders who stake their DIP may receive rewards in the form of DIP tokens. These rewards are funded by a small upfront fee deducted from all policies sold on the platform. The fee covers platform development, product development, operational costs, and may also be used to purchase DIP tokens on the open market for distribution to stakers. The rewards are expected to grow alongside the expansion and success of the Etherisc ecosystem.

The unique aspect of the Etherisc DIP Token is its utility within the decentralized insurance ecosystem created by Etherisc. DIP token holders can stake their tokens to contribute to the ecosystem and earn rewards. Initially, DIP tokens can be staked against risk bundles of the USDC depeg protection product in the peer-to-peer Etherisc marketplace. This means that DIP token holders have a direct role in supporting and securing the insurance ecosystem while also being able to earn rewards for their participation.