🌎3.5 The Zorro Network and Its Connection to Verified Nodes

The Zorro Network is a decentralized ecosystem that powers the entire insurance protocol in InsuranceDAO.World. It serves as the interaction layer between Zorro NFT holders and Verified Nodes, enabling users to provide coverage and participate in governance.

1. Zorro NFTs and Verified Nodes Interaction

• Zorro NFT holders are responsible for staking capital into Verified Nodes, which are specialized coverage modules. These nodes enable decentralized risk pooling, ensuring that there is enough liquidity to pay out claims.

• Verified Nodes, in turn, handle specific asset classes and risks, such as stablecoins, DeFi protocols, and NFTs, allowing Zorro NFT holders to provide tailored coverage for particular types of risk.

2. Governance and Proposal Power

• Zorro NFT holders can propose new types of coverage or adjust existing coverage parameters by interacting with Verified Nodes. The community-driven governance ensures that the platform evolves to meet the needs of its users.

• As Zorro NFTs evolve through the three phases, holders gain increased governance rights over Verified Nodes and the expansion of coverage modules.

3. Risk Sharing Across Nodes

• By staking in Verified Nodes, Zorro NFT holders effectively share risks across a wide variety of assets. This creates a more robust and diverse risk pool, enhancing the platform’s stability and scalability.

• The Zorro Network ensures seamless interaction between these decentralized insurance pools, maintaining trust and transparency in the system.

To learn more about Verified Nodes and how they support InsuranceDAO.World, please visit the dedicated section on Verified Nodes and Developer.

In essence, the Zorro Network and Verified Nodes are inseparably connected, forming a dynamic and flexible insurance ecosystem that allows Zorro NFT holders to participate actively in both risk provision and platform governance, while also earning rewards for their participation.