- Project Name: Meta Defender
- Team Name: Mori Lab
- Project online usage link: https://
- Payment Address: Acala(aUSD) payment address.
MetaDefender is a one-stop insurance that protects cross-chain diverse digital assets (including general tokens and NFTs), and provides financial products with contractual security. The project adopts the upgraded constant product model version 2.0, which fully aggregates the depth and liquidity of the insurance capital pool. The premium pricing is more reasonable and market-oriented, and the underwriters and policyholders have transparent funds and can withdraw freely. And the capital utilization rate is higher, and capital certificates can participate in liquidity mining to maximize profits.
At present, the project has completed the development of 90% of the front-end and smart contract, and completed the internal test on the Ethereum test network, and obtained the demo version that can be used for trial.
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Detailed description of the core functiona of the project:
Upgraded constant product model version 2.0 and higher capital utilization
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Project deployment step instructions:
May 2022 IDO starts.
Product beta in June 2022. Release the product beta version on Acala and build initial liquidity; determine the first batch of protected protocols; enable full cooperation between the media and the decentralized community.
Multi-chain deployment in July 2022. Open community voting to expand the scope of protected protocols; deploy our products on Ethereum mainnet, Polygon and other networks according to project progress; cooperate with professional blockchain security companies; more media, communities and transactions cooperating.
December 2022 product upgrade. Support any decentralized protocol builder to freely release their own insurance products; improve the accuracy of insurance events; provide advanced lending, securitization, and capitalization for NFT assets Financial Services.
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If necessary, please provide relevant test usage documentation：comming soon
Help us locate your project in the Polkadot/Substrate/Kusama landscape and what problems it tries to solve by answering each of these questions:
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Where and how does your project fit into the ecosystem?
There are already many insurance programs that cover homogeneous digital assets, but increasingly valuable NFT assets have yet to receive any technical or institutional protection. Meanwhile, attacks on high-value NFT assets continue to prolifire.
We want to build a protocol based on the Acala blockchain that can communicate and interact with parallel chains in the Polkadot ecosystem, accurately read the security status of different assets in each chain, and allow participants of valuable assets -- whether they are the builder or the owner -- to build or buy protection for them. And smart contracts ensure the fairness of protection mechanisms.
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What need(s) does your project meet?
Currently, there are a variety of high-value assets distributed on different blockchains, and we provide a one-stop protection platform for them. Firstly, we solve the dilemma that NFT assets are not insured, and secondly, users do not need to deploy insurance protocols separately on the chain where the assets are located. It improves the depth and utilization of insurance capital.
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What makes your project unique?
Upgraded AMM model makes everyone can buy any value of insurance policy anytime. Capital providers can also provide liquidity for more than 1 platform at one time.
- Name of team leader： Alvin Mori;
- Names of team members：Angie Sheng; Leo Wong; Yu Chang;
- Contact Name: Alvin Mori;
- Contact Email: [email protected]
- Website:
Alvin Mori Has rich experience in Internet financial system development. Since 2019 he is all in web3 and has extensive experience in smart contract development now.
Angie Sheng worked as a data engineer in an Australian listed bank, with profound and unique insights in financial data actuarial and data model construction.