ISM Protocol is a new DeFi currency price insurance agreement. With the concentrated explosion of the Defi field in the second half of 2020, insurance agreement projects are just the track for Defi, and various insurance projects are naturally emerging one after another. From the earliest NXM and yinsurezxxx to the later COVER Protocol, it can be seen that the insurance track is one of the indispensable tracks for Defi.
ISM Protocol uses the model of "the underwriter and the policyholder both have Token representatives and can be traded" (similar to COVER), combined with the "option guarantee that users can exercise at any time during the guarantee period" to carry out currency price insurance.
ISM Protocol is deployed on the Huobi ecological chain (Heco).

How to understand the insurance plan of ISM?

Know the Underwriting Token (Unclaim Token) and Insurance Token (Claim Token)
The user pledges one unit of collateral to generate two tokens: Underwriting Token (Unclaim Token) and Insurance Token (Claim Token).
For example: for the currency price guarantee of the project ETH, the guarantee price is stipulated to be 500HUSD, and the guarantee time is before January 30. Users mortgage one unit of HUSD to get one unit of insurance token and one unit of insurance token.
Insured Token Holder's Equity
Before January 30, one unit of ETH can be sold at a price of 500HUSD through the insured Token. (After January 30, because there is no right, the insurance Token will return to zero).
Insurance Token Holder's Rights
After January 30th, you can get back 1 unit of ETH or the corresponding HUSD by underwriting Token.