Terminal

Problem Statement

Terminal acts like traditional insurance, helping people get compensation for their financial loss in the case of a negative event. Also, since Terminal is an open protocol, it allows people to join the capital pool and benefit from continuous interest on their deposits.

Solution

Terminal's got a number of contracts responsible for:Train delay product, contains logic for buying/claimingUnderwriting contract, that calculates the payout using the 'risk profile' of a particular train'Vaults' for operational and reinsurance funds. Reinsurance fund uses Aave protocol to deposit reserves and forwards the interest to the depositorUI is build with Vue, web3Backend holds some stats and integrated with Dutch Railway API to get the train stats