AI-based decentralized financial ecosystem InfinityDAO is moving to create an insurance cover of up to one billion dollars for its IDL token and the entire ecosystem. The initiative aims to strengthen risk management, user security and organizational reliability in the digital asset sector. The insurance program is being structured by UK-based specialist crypto insurance syndicate. However, the final policy, underwriting conditions, limitations and exclusions are yet to be finalised. The proposed insurance program seeks to cover five major areas. These include protection against scheduled default related to the IDL token, coverage for certain failures of the InfinityDAO platform, protection against theft and crime of digital assets, and liability cover for directors and officers. In addition, there are plans to create security frameworks for eligible users and other stakeholders. The proposed total insurance limit of US$1 billion is an attempt to position InfinityDAO as a digital-asset project with large-scale third-party insurance protection.
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