Futures Insurance is an innovative financial product pioneered by Websea to help users mitigate the high risks of futures trading. Once the insurance feature is activated and specific conditions are met, users who incur trading losses will be compensated according to the insurance payout rules by a dedicated insurance fund pool.
By establishing a mechanism of “Premium Payment + Loss Accumulation to Generate Compensation Nodes + Airdrop Payout in Installments,” Websea transforms futures trading from a high-stakes gamble into a more accessible, automated, and safer experience for users.
Core Mechanism:
- Users must transfer at least 10 USDT into their insurance account and enable the insurance switch.
- Every time the realized loss reaches a multiple of 100 USDT, a 10 USDT premium is deducted to generate one insurance node. (If the account balance falls below 10 USDT, the insurance switch will automatically turn off.)
- The futures insurance adopts a dual-sided premium deduction mechanism. As long as the insurance switch is enabled, premiums will be deducted proportionally from both losses and profits and added to the insurance fund pool.
- After an insurance node is generated, it requires a 72-hour waiting period before becoming "Active," at which point it participates in compensation and airdrop calculations.
- Airdrop Payouts are sourced from the insurance fund pool. When the pool reaches a certain threshold, a network-wide airdrop is triggered. Users must manually claim their Airdrop Payout. (Note: Each insurance node is eligible for Airdrop Payout over 100 rounds.)
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