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Table of contents The Basics of Insurance in DeFi Introduction to Nexus Mutual Key Terms Relating to Insurance in DeFi How to Buy Crypto Insurance How to Make a Claim on your Crypto Insurance Policy The Basics of Insurance in DeFiBlockchain increases efficiency by reducing the high costs and long processing times associated with traditional insurance companies。However, with great power, comes great responsibility: if you lose your key, you lose access to your digital assets — forever! How do I use my backup?If you lose or damage your phone, just reinstall the Bitcoin。We have reports that Samsung has now released an update patch to correct this issue。com account and want to delete it, please follow these steps: 1。This can be found under "Funds" tab -> Your Wallet -> Settings icon (three dots)> Wallet Information。The Avalanche blockchain can reportedly process 4,500 transactions per second (depending on the subnet), a significant improvement over Ethereum’s less than 20。com Wallet app via Verse Explorer, or on the web at clicker。Sometimes, transactions may fail for different reasons。If three of the revealed numbers are the same, you win the corresponding VERSE prize。By using multiple wallets, you can better preserve your privacy by making it more difficult for third parties to track your transactions。If slippage is high, you may end up receiving tokens worth significantly less than the tokens you traded。While it may seem that a 6-of-6 shared wallet is the most secure, this configuration in fact introduces an additional risk beyond a normal (single signature) wallet。When there's a sudden demand for block space, the time it takes for validators to get to your transaction may change significantly。Tap on a wallet to see its contents。These services let you use payment methods like debit/credit cards, bank transfers, and options like Apple Pay or Google Pay to complete your transactions。Lend or borrow: Learn how to lend your cryptoassets to earn yield or as collateral with this article。Please refer to the identity verification FAQ page。In a 'permissioned' environment (where, for example, whitelisted digital wallet addresses are tied to verified identities) a smart contract for digitized securities can also 'bake in' compliance to regulations such as that no single person holds more than 10% of the issued securities。com’s decentralized exchange Verse DEX is derived from the battle tested Uniswap V2 contract, and has been audited by a third-party smart contract auditor。Step-by-step instructions to create a liquidity poolGo to Verse DEX PoolsClick on “Create Pool”Sign in with Metamask or Wallet ConnectSelect the tokens that will make up the pool。If you chose one of the three presets, your transaction most likely just needs a bit longer to confirm。Select the transaction。Learn more about what makes VERSE special here。If you update the settings, restart the browser。Manually check the following settings:Tap on 'Settings。You can read more about WalletConnect here。Select Bitcoin。This avoids disrupting existing transaction workflows and ensures compatibility with services and wallets not expecting transactions to be replaceable。In most cases, your transaction will confirm within a few hours at most。You may also scan the QR code using the Bitcoin。com does not store your password or recovery phrases! If you lose access to your device, the only way to access your funds is with your password or recovery phrases。What’s a smart contract?Think of smart contracts as the code that allows for “programmable money。Try with a different card。You can buy MATIC/POL in the wallet here。Ethereum BasicsEthereum is a decentralized, open-source blockchain platform featuring smart contract functionality。Scan the private key QR code of the wallet you wish to import。com Sell pageSelect the cryptocurrency you'd like to sell (eg。To turn on this feature, tap on the 3 dots at the top of the wallet information screen then tap the Request spending authentication toggle。Step 5:Under "Recovery Phrase" enter your shared wallet’s 12-word recovery phrase and tap "IMPORT"。To be safe, you can always reduce the amount of crypto you are transacting with just to be safe。Select LINK POLYGON WALLET then tap either “Choose existing wallet” or “Create a new rewards wallet”And that’s it! You’ve linked your rewards wallet。Let’s use the search bar to find VERSE, the rewards and utility token of Bitcoin。SegWit addresses start with 3 or bc1。Note that you will need some ETH in your wallet to cover the transaction fee。For example, if your transaction was on the Bitcoin blockchain, select Bitcoin。”What happened: In this case, one or more of the following may have occurred: Your bank’s anti-fraud rules may have been triggered。Select Delete this wallet then enter the name of the wallet you want to delete (Eg。Can we buy VERSE on exchanges?VERSE can be traded on centralized cryptocurrency exchanges Kucoin and Bitmart。” Purchasing a protocol cover policy for a specific protocol protects against losing assets held on that platform。More detailed instructions for swapping across chains using Verse DEX can be found here。If you do not have any eligible assets, you will need to acquire one。Behind the scenes: 50% of the ETH (less the estimated cost of gas) is automatically swapped to VERSE。We do not recommend using Verse Explorer to connect to web3 products outside of the Verse Ecosystem。Borrowers must make sure their loans stay well collateralized or risk liquidation。Enter the master password you created when backing up your wallet to decrypt the encrypted file stored in your Google Drive。Please contact our support team at [email protected] and provide the collection address of the NFT。LoanAn executed copy of a loan agreement and a bank statement showing the received funds along with your current balance。Learn more about airdrops here。This means that you must have a balance of MATIC in your wallet in order to execute any type of transaction on the Polygon network。com Wallet app FAQ pages useful。Rather than taking payment through cash or a credit card, you’ll use a point-of-sale app to take payment in crypto。Third-party merchants that offer cryptocurrency purchasing servicesAlchemyBanxaMercuryoMoonpayRampSimplexTransakNote that some of the above service providers offer alternative payment methods depending on your region。Receiving cryptocurrenciesStarting from the app's home screen, tap the "RECEIVE" button at the top right。” You’re done!If you wish, you can start over with a fresh login to the Bitcoin。If relevant, select the Wallet type (Personal wallet or Shared Wallet。Complete simple tasks like reading a news article and buying / swapping cryptocurrency。com Wallet, which now supports mulitsig (shared wallets)。This hybrid approach ensures that blocks are produced by a limited set of validators, thus enhancing efficiency and decentralization。This will display a QR code。What are the requirements to join Verse Lounge?If you have one or more of the following, you are eligible to join: At least 1 million VERSE tokens on either Ethereum or Polygon (fxVERSE)。Initiate a new transaction using that nonce。Advanced users also have the option of setting a custom fee。To ensure the highest level of security, we will be phasing out Bitcoin。com Wallet, used by millions。In the last article we looked at ways to send and receive cryptocurrency。The key benefits of joining Verse Lounge are: Talk with Verse BuildersEngage with fellow holdersParticipate in voting on proposals relevant to the Bitcoin。How to Use Your VERSE TokensThe VERSE token unlocks numerous opportunities within the Bitcoin。To participate in the consensus, network users must stake the native MATIC token。Both of these fees are influenced by market forces, meaning the cost goes up when the network is congested。SummaryBitcoin。Table of Contents How to Perform a Cross-Chain Swap Inside your Bitcoin。Here are the Cover categories for Nexus Mutual: Yield Token CoverProtocol CoverCustody Cover2 claim limit per cover It is important to make sure your loss qualifies under your cover policy, because you only have two opportunities to file a claim for each cover policy you hold。” This is the amount of AVAX you are willing to pay for each unit of gas consumed。After the first swap has taken place via the new pool, the pool’s dollar value switches to being calculated using conversion rates from Verse DEX。Tap the + symbol in the top right corner of Bitcoin Cash (BCH) or Bitcoin (BTC)。Recommended action: Keep a balance of at least 20% more than the amount you are trying to purchase。com Wallet App on your phone device。Tap on the "Speed Up" button in the yellow box: Review the additional fee required (displayed on the confirmation screen) and slide the arrow to confirm the speed-up request。Tap on "My ETH wallet"Write down your 12-word passphrase and keep it someplace safePlease see an instructional video here:。Let’s add an Ethereum Wallet we can use for long-term holdings。Select the asset to send。This sidechain is partially responsible for its own security and employs a PoS consensus mechanism。When Alice sends the BNB, 1。Where does the yield for USDC staking come from?The yield for USDC staking comes from lending markets where some market participants pay interest to borrow USDC。The community is involved in assessing and accepting coverage proposals and funding the pools through the platform’s token, NXM。How To Start Earning BitcoinEarning Bitcoin with VERSE on PolygonEarning Bitcoin with VERSE on EthereumWhat is the APY for my Bitcoin rewards?What are the Rewards?What is tBTC?What is VERSE?​What's the difference between VERSE on Ethereum and VERSE on Polygon?What's the difference between POL and MATIC?What is staking?How do I claim my Bitcoin rewards?Can I withdraw my tBTC back to Bitcoin main-net?Has the staking contract been audited?What if I’m already staking VERSE? How To Start Earning BitcoinTo starting earning Bitcoin, you will need Bitcoin。To provide enough liquidity to support the trades on the pair, it is recommended to create new pools with at least US$20,000 of funds,If you have any questions feel free to contact us in the #verse-dex channel in the Bitcoin。7% goes to the protocol。Private keys in shared wallets are often given to different people, called participants。Once the app is installed, you’ll be able to claim the money instantly