Pains

🆘If **** hits the fan, we got your back. Cardano is unassailable, yet users are hacked, scammed, and exposed to failed transactions (dApps).There is no financial compensation to those who have been scammed. Many victims feel lost, not knowing what to do next. 1/6🧵

This post goes to all the $ADA holders 💎🍾 We are just getting started.

@lilybrodi Found one

i am once again accepting applications for ‘the weekend only boyfriend’ position: requirements: - leave me alone until it’s the weekend. - must be an $ADA holder (the bigger the bag, the better). - be a chicken wing connoisseur. experience in being an absolute legend is preferred. please apply below.

Congratulations to everyone who received funding this round in Fund12 @Catalyst_onX! It was awesome to see such a high level of participation from the community! We will continue to build, as we always do! And hope to continue to integrate and build out Insurance on Cardano!

@MinswapDEX @goofy_crisp @snek @melonaire @DexHunterIO @MicahAlexKenda1 @butaneprotocol @zygomeb @OptimFi @SCATDAO @jotapippo @CTimelines_io @sheephurder2 @SlowingPains, with @fida_finance, aims to build a mutual insurance ecosystem on Cardano to protect against scams and risks, offering financial coverage, user education and 24/7 emergency response to enhance security and support within the community: cardano.ideascale.com/c/idea/119677

We need your support on our Catalyst proposal! Please like and retweet to reach as many users in the Cardano ecosystem as possible. We're the first insurance ecosystem on Cardano, partnering with @fida_finance, @SlowingPains, and @PainsNFT to onboard insurance companies. We're the only project creating an insurance product tailored for Cardano users, making onboarding easier and empowering users to navigate the blockchain jungle. There are partnerships brewing, products being developed, and real jobs being created. Join us in revolutionizing insurance on Cardano! #Cardano #Blockchain #Insurance #Catalyst #CryptoCommunity. Let's revolutionize insurance on Cardano together! #Cardano #Blockchain #Insurance #Catalyst #CryptoCommunity lidonation.com/en/proposals/p…

Today's PAINS, tomorrow's gains 💪 Don't forget to vote for PAINS' and @fida_finance's proposal on @Catalyst_onX! 🥇 Decentralized Peer-to-Peer Crypto Insurance Ecosystem 👇 cardano.ideascale.com/c/idea/119677

DISCLAIMER: this is regarding the 2023 Yummi x Pains collection ONLY. Policy ID: 9298a2191282169bc47b34d355a4e01c7d48ac1473f04e998423a683 jpg.store/collection/yum…

Everyone is talking about @YummiUniverse. As a brand that has a direct collab with their IP, we want to assure you we have full custody of the royalties from the Yummi x Pains collection. Yummi holders will be looked out for in our short-term roadmap. Are you this old?

@BELTRAANC @fida_finance Here are our proposals in catalyst it’s a read for sure. But it will give you more insights on how we plan to proceed with this project. cardano.ideascale.com/c/idea/119677 cardano.ideascale.com/c/idea/120472

@BELTRAANC @fida_finance Yes, that’s what Fida is building for Cardano, a peer to peer insurance platform. Example A pool operator’s home burns down/gets flooded/damaged by earthquake (trigger loss via oracles) We will set policies to payout the damaged party with preset payment conditions. 🧵

@fida_finance What do you think about the idea of providing insurance for ISPO providers to protect them from projects that don't deliver? Would that be a doable concept or what?

@fida_finance @BELTRAANC Gm fam Yes nearly any risk can be transferred (insured) for the right price (premium) to a willing 3rd party (in this case mutual) The cover you are looking for is called contingent business interruption or loss of profit So yes it’s a matter of underwriting and pool managment

Yes. It can be setup as mutual for everyone who wishes to protect their stake rewards! Similarly @SlowingPains plans to use us to deliver rug pull protection and even an emergency response team! Sounds like a governance token can help smooth these use cases over. So a DAO can come in and pass a vote to unlock the claim funds for its members that participated in the ispo. To keep it simple the DAO would handle claim distribution. On Fida the DAO can activate the policy immediately (without having the funds themselves) and allow investors to decide if they're worthy. Additionally as Fida matures yields are only going up. Said DAO can choose to invest in other availability opportunities!

@better_web3 Thank you for hosting us in this amazing space with such incredible guests. Together, we are all aligned in making this space safer and better 💙

❓ Got questions? We've got answers! How does PAINS work? How can you get coverage? What are the costs involved? Drop your questions below so we can answer them in the upcoming @better_web3 space this Friday the 24th, 5pm UTC! 6/6🧵 twitter.com/i/spaces/1rmxP…

🔐 To stay safe out there: 1. Use smart contracts. 2. Read before signing. 3. Ask if in doubt. Have you been scammed before? Share your story with us! The top 3 most liked stories will win one of the 3 NFTs below. Retweet and share it with your friends! Winners in 24h! 5/6🧵

🆘If **** hits the fan, we got your back. Cardano is unassailable, yet users are hacked, scammed, and exposed to failed transactions (dApps).There is no financial compensation to those who have been scammed. Many victims feel lost, not knowing what to do next. 1/6🧵

💡 Meet PAINS, the first insurance ecosystem on Cardano! 1. Training & education to prevent losses. 2. 24/7 response team for incident mitigation. 3. Insurance pool to pay claims if needed. Beyond financial protection, we also educate users about online security. 2/6🧵

Catastrophes have no borders 🌪️ And neither does Cardano 🛡️ Our partnership with @fida_finance is the first on Cardano to bridge the global risk gap in developing countries, Slowing their Pains! We need your support to bring this to life! 🌍 cardano.ideascale.com/c/idea/120472