Insurance Pool Guide

This guide will walk you through creating and managing an insurance pool on YieldShield.

Prerequisites

Before creating an insurance pool, ensure you have:

  • A Web3 wallet (MetaMask, WalletConnect, etc.)
  • Sufficient funds for pool creation
  • Understanding of risk management concepts
  • Access to the YieldShield dApp

Creating an Insurance Pool

Step 1: Navigate to Pool Creation

  1. Go to the YieldShield dApp
  2. Navigate to the "Pools" section
  3. Click "Create Pool"

Step 2: Configure Pool Parameters

Set the following parameters:

  • Pool Name: A descriptive name for your pool
  • Initial Capital: The amount of capital to deposit
  • Risk Profile: Select the risk level (Low, Medium, High)
  • Token: Choose the token to use for the pool
  • Diversification Rules: Set diversification requirements

Step 3: Review and Confirm

  1. Review all pool parameters
  2. Check gas fees
  3. Confirm the transaction

Step 4: Pool Activation

Once created, your pool will be:

  • Listed in the pool directory
  • Available for deposits
  • Ready to process claims

Managing Your Pool

Monitoring

Regularly monitor your pool's:

  • Total Value Locked (TVL)
  • Active claims
  • Risk metrics
  • Yield generation

Adjustments

You can adjust:

  • Capital allocation
  • Risk parameters
  • Diversification rules
  • Pool settings

Claims Processing

When a claim is submitted:

  1. Review the claim details
  2. Validate against pool rules
  3. Process the claim
  4. Update pool state

Best Practices

Risk Management

  • Diversify across multiple pools
  • Monitor risk metrics regularly
  • Set appropriate risk limits
  • Use automated monitoring tools

Capital Management

  • Maintain adequate reserves
  • Balance risk and return
  • Consider market conditions
  • Plan for claim scenarios

Security

  • Use secure wallets
  • Verify all transactions
  • Monitor for suspicious activity
  • Keep private keys secure

Troubleshooting

Common Issues

Pool creation fails:

  • Check gas fees
  • Verify sufficient balance
  • Review parameter validity

Claims not processing:

  • Verify claim validity
  • Check pool state
  • Review risk parameters

Low yield:

  • Review capital allocation
  • Check market conditions
  • Consider risk adjustments

Support

For additional help:

  • Check the documentation
  • Join the community Discord
  • Contact support team