5.5 KiB
| title | description | sidebar_position |
|---|---|---|
| Arbol | Detailed information about Arbol | 4 |
Arbol
Overview
Arbol is a decentralized climate risk platform built on blockchain technology, designed to provide transparent, efficient, and accessible solutions for managing weather-related risks. By leveraging smart contracts and decentralized finance (DeFi) principles, Arbol enables users to create, trade, and settle parametric weather insurance contracts. The platform aims to democratize access to climate risk management, making it more affordable and inclusive for farmers, businesses, and individuals globally.
Key Features
- Currency: $ARBOL (native token).
- Buying Currency: $ARBOL is available on major exchanges like Coinbase, KuCoin, and Gate.io.
- Utility:
- Payments: $ARBOL is used to pay for weather insurance contracts and other platform services.
- Staking: Stake $ARBOL to secure the network, earn rewards, and participate in governance.
- Governance: $ARBOL holders can vote on protocol upgrades and ecosystem decisions.
- Automation:
- Smart contracts automate contract creation, payouts, and settlement based on predefined weather parameters.
- Dynamic pricing ensures fair and competitive rates for insurance products.
- API: Yes. Arbol integrates with weather data providers and blockchain networks for seamless contract execution.
- User Perspective:
- Farmers: Protect crops and livelihoods with affordable, parametric weather insurance.
- Businesses: Mitigate financial risks associated with weather disruptions.
- Providers: Monetize underutilized capital by participating in the insurance marketplace.
How It Works
- Contract Creation:
- Users define weather parameters (e.g., rainfall, temperature) and coverage terms, which are encoded into smart contracts.
- Marketplace Matching:
- Contracts are listed on the Arbol marketplace, where providers can underwrite them in exchange for premiums.
- Execution & Payout:
- Weather data from trusted sources triggers automatic payouts if predefined conditions are met, ensuring transparency and efficiency.
Staking
- Staking Requirements:
- Providers must stake $ARBOL to participate in underwriting contracts, with the amount influencing their reputation and governance power.
- No minimum stake for users purchasing insurance.
- Rewards:
- Block Rewards: Distributed to stakers based on their contribution to network security.
- Slashing: Malicious actors lose staked $ARBOL, ensuring network integrity.
Documentation
For detailed documentation, visit Arbol Docs.
Additional Resources
Ecosystem Components
| Product | Functionality |
|---|---|
| Arbol Marketplace | Platform for creating, trading, and settling parametric weather insurance contracts. |
| Arbol Dashboard | Interface for users to monitor contracts, payouts, and staking rewards. |
| Arbol Explorer | Analytics tool tracking contract activity, weather data, and network performance. |
Tokenomics
- Total Supply: 1B.
- Max Supply: 1B.
- Distribution:
- 60% allocated as network rewards, 20% to investors, 10% to the team, and 10% to the ecosystem fund.
FAQ
-
Is it usable by the average DePIN user?
Yes, Arbol is designed to be user-friendly, with an intuitive interface (Arbol Dashboard) and comprehensive documentation. It caters to both technical and non-technical users, making it accessible for the average DePIN user. -
Can I pay with tokens to use the DePIN product offered by the project?
Yes, $ARBOL is the primary currency for purchasing weather insurance contracts on the Arbol platform. Users can also pay with stablecoins like USDC for added flexibility. -
Can tokens be automatically switched from other standard tokens (e.g. ETH, BTC)?
While $ARBOL is the native token, users can trade it on major exchanges like Coinbase and KuCoin. However, automatic token switching (e.g., ETH to ARBOL) is not natively supported on the platform but can be done through external exchanges. -
If I would provide the service, what is my ROI, do we need to stake, etc.?
Providers can earn passive income by underwriting weather insurance contracts. Staking $ARBOL is required to participate as a provider, and rewards are distributed based on underwriting activity and staking amount. ROI depends on market demand and risk exposure. -
Why does the project exist, why do the people and the planet need it?
Arbol exists to democratize climate risk management, reducing financial vulnerability for farmers and businesses affected by weather disruptions. It promotes sustainability by incentivizing climate-resilient practices and offering a decentralized alternative to traditional insurance models. -
Is it geo-aware?
Arbol is geo-aware, leveraging localized weather data to create region-specific insurance contracts. This ensures accurate and relevant coverage for users worldwide. -
Is it cost-effective?
Arbol is highly cost-effective, offering weather insurance at competitive rates compared to traditional providers. Dynamic pricing and automated payouts reduce administrative costs, making it an affordable solution for users.