How to create YInsure NFT and sell it in Rarible
Yinsure. Finance is YFI's distributed insurance project. To put it simply, YInsure consists of three core parts, namely, the insurer's fund base, the insured's fund base and the claim management. If the claim is approved, the insurer's funds will be deducted and paid to the claimant (the insured), a process that manages the assets through the set claim rules.
How to create a NBSP; yinsure NFT
1. To & have spentyinsure.finance
Use Metamask (or another ETH wallet)
2. Choose the pool of insurance agreements you want to buy
Select pools whose insurable amount is greater than 0 to participate in insurance.
It is important to note that this will only protect against contract hacking and will not compensate for fraud or negligence.
3. Once you have selected the pool, enter the amount and duration of your plan
The higher the amount and duration of insurance, the more you will have to pay.
Click the "Get quote" button to get a quote from the system.
Click "Apply" to make the transaction and pay with the ETH wallet.
4. Click OK to generate YInsure
YNFT, representing the premium interest, will be generated and sent to ETH wallet upon completion of the contract.
It is worth noting that when the GAS fee is very high, the GAS fee may be higher than the premium!
5. YNFT will be in your ETH wallet once the transaction is confirmed
Go to the Dashboard administration page to see the coverage you have.
How to sell your yNFT in Rarible?
1. Go to Rarible, a distributed NFT digital collection platform & NBSP;app.Rarible.com
After connecting the wallet, click on the profile in the upper right corner of the screen.
2. You should be able to see all your NFTS
Click on your NFT.
3. You can now see the details of the NFT
Click the "Sell" button
4. Set a price and other details and confirm in the ETH wallet
This completes the process from creation to sale.
At present, the total amount of INSURANCE in YInsure is 366,337 ETH and 51,719,052 DAI, totaling 898 insurance policies.
Rhythm BlockBeats reminds its users that this article does not contain any investment advice, and the content is for discussion only. Please be sure to conduct in-depth research on the specific NFT market segment you want to invest in before investing in NFT.
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