Cost Share Benefits

Members’ Cost Share Benefits have an aggregated limit. Cost share requests cannot exceed the member’s Available Cost Share Benefits.In the event a member experiences a loss, an un-sharable amount (USA) valued in ETH will equal 10% of the cost share requested. The USA is the personal responsibility portion retained by the member and reduced from confirmed Cost Share Requests. To make a Cost Share Request, the member must pay the assessors’ bounty in $Fair. The assessors’ bounty will equal 10% of the membership fee. The Cost Share Request represents the conversion of the crypto assets lost to an amount of ETH, which is pegged as the Cost Share ETH Request. The amount of ETH pegged is the total loss for this event. This is achieved by querying the historical price data from an aggregator service. Once the Request has been submitted by the member, the requested amount of ETH will be reserved in the Capital Pool. Once a claim is filled, the membership will be in blocked mode, preventing user to execute additional actions such as membership topup or renewal, total associated Cost Share Request will be temporarily reduced to 0, restored if the claim is denied or deducted by the payout amount if the claim is approved.

All new memberships start once your transaction is complete on the Ethereum blockchain and end one year later. Losses that occur prior to the start date are not eligible for benefits.