Fairside
  • Overview
    • The Problem: We Lack Consumer Protection
    • The Solution: Community Aligned Coverage
    • Vision & Mission
  • Membership and Coverage
    • Membership Signup
    • Covered Assets
    • Covered Events
    • Not Covered
    • Platforms Covered
  • Claims and Valuations
    • Valuation of Loss
    • Claims Assessment
    • Claims Process
  • Capital Pool and $FAIR Token
    • Capital Pool
    • What is $FAIR?
    • How $FAIR Works
    • Benefits of Holding $FAIR
  • Technical Overview
    • $FAIR
    • Fairside network
    • Fairside Claim Process
  • Solution Design
    • Capital Pool: Bonding Curve Overview
      • Fairside Bonding Curve
      • Bonding phases
      • Funding Pool
      • Bonding Curve Formula
      • Bonding Curve Safeguards Mechanisms
    • Fairside Network
      • Fairside Network Model
      • Membership details
      • Membership fee distribution
    • Fairside Claim Process
      • Cost Share Benefits
      • Claim & appeal process
  • Resources
    • FAQ
    • Audits
    • Bug Bounty
  • Fairside SDK
  • Policies
    • Terms of Sale
    • Terms of Use
    • Privacy Policy
    • AML Policy
    • Fairside Network Guidelines and Membership Agreement
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  1. Solution Design
  2. Fairside Network

Membership details

Here are some key aspects of the coverage membership:

  • Membership Duration: Each membership lasts for 365 days.

  • Grace Period: There is a 60-day grace period after the membership expires during which users can still renew their membership.

  • Top-Up Window: Users can top up their coverage only within the six months leading up to the end of their current membership.

  • Maximum Coverage Size: The maximum benefit per user is capped at 100 ETH.

  • Membership Purchase Requirements: To purchase, top up, or renew a membership, a maximum cap is established by following formula:

    • maximum totalCostShareBenefits = RBC * Gearing Factor

the coverage membership system is designed with specific rules on duration, renewal periods, and maximum benefits. Additionally, transactions related to memberships depend on the financial health of the bonding curve reserve, ensuring that it adequately covers the network's fShare

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Last updated 9 months ago