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. Technical Overview

Fairside network

The Fairside Network allows purchasing of network membership using

  • ETH and $FAIR. The $FAIR tokens collected in fees are distribute among the contract.

  • Currently only ETH is supported.

The network checks the current number of active memberships and the ETH reserve in the bonding curve to decide if there is sufficient capacity in the network to support new signup.

Memberships are designed such that any EOA has permission to purchase cover for a person, regardless the number of wallets associated to the person. In v1, this is controlled from Fairside’s interface and its backend.

The membership coverage is shared across different associated wallets to the person which owns the membership. In the case of a theft where the user is filing a claim. They will have to prove ownership of the affected wallet and it’s association with the wallet that has purchased the membership.

The membership extends protection to the user's personal wallet across various blockchain networks:

  • Abstract

  • Bitcoin

  • Solana

  • Ethereum

  • Avalance

  • BSC

  • NEAR

  • FANTOM

  • Layer 2s covered:

    • Arbitrum

  • ETH Layer 2s with coverage coming soon:

    • Mantle

    • Immutable X

    • Base

    • Blast

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Last updated 4 months ago