A hashrate insurance based on hashrate contract

[0xSSoul]

A insurance smart contract for hedger (miner) could be constructed on the hashrate contract and Uniswap Protocol.

Insurance smart contract interface:

• buy():
  • buy a serial of hashrate contract short position tokens from Uniswap Protocol.
    • eg. buy short position tokens expiration in 14/28/42/56 days.
• speculate():
  • mint a pair of long and short position tokens by sending collateral to Market Protocol
  • deposit the short position tokens to Uniswap's liquidity pool

The hedgers call buy(). The speculaters() call speculate. Thanks to the Uniswap Protocol, the process of trading this insurance is asynchronous and the price is determined by supply and demand.