Nami Insurance Updates Insurance Plan

Dear Nami Community,

To provide users with convenience and ease in choosing and opening an insurance contract that suits their needs, Nami Insurance will launch insurance plans based on the insured asset value starting from 00:00 on May 24, 2024, with the following details:

Changing the Q-Cover to Insurance Plan

Insurance Plan 

Insured Value



5 USDT to 2000 USDT (125,000 VNST to  50,000,000 VNST)

0.5 USDT to 200 USDT ( 12.500 VNST to 5.000.000 VNST)


2000 USDT to  5000 USDT (50,000,000 VNST to 125,000,000 VNST)

200 USDT to 500 USDT (5.000.000 VNST to 12.500.000 VNST)  


5000 USDT or 10000 USDT ( 125,000,000 VNST to 250,000,000 VNST)

500 USDT to 1.000 USDT ( 12.500.000 VNST to 50.000.000 VNST)

How to Choose Insurance Plan to Buy an Insurance Contract

1. Update Insurance Plan on the Buy Cover

Step 1: Access the "Buy Cover" interface.

Step 2: In the " Insurance Contract Information" section, under "Insurance Plan" click on the unit dropdown and select and select the Insurance Plan depending on your needs.

After selecting the Insurance Plan, the proposed value for Margin will also be adjusted to the chosen Insurance Plan.

2. Update Insurance Plan on the Calculator Screen

Step 1: Users access the "Calculator" screen.

Step 2: Input the information of their Futures or Spot positions into the Calculator on the left-hand side.

Step 3: After filling in the information in the Calculator, the system will suggest an insurance contract with the suitable Insurance Plan based on the Margin and Period to help protect 100% of the user's expected loss.

Users can also adjust the Margin and Period of the suggested insurance contract, and the system will automatically select the suitable Insurance Plan.

Step 4: After obtaining a suitable suggested insurance contract, users can buy the contract quickly by selecting "Buy Now”.

Step 5: Review the information and click Confirm.

Note: Suggested insurance contracts can only be bought when the position stop-loss prices from the Calculator meet the P-claim conditions of the insurance policy.

Note: All images used in the article are for illustration purposes only and may not represent the latest product interface.

Best Regards,

Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Nami is not liable for any losses that might arise from your investment. This information should not be regarded as financial or investment advice.

About Nami Exchange

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About Nami Insurance

Nami Insurance is a decentralized hedging protocol applying Blockchain technology to provide a solution to support asset insurance when the market fluctuates against predictions.