Websea Contract Insurance

what is websea Contract Insueance??

- After enabling insurance, when cumulative losses from non-principal-protected copy trading contracts reach 100 USDT, the system automatically generates 1 insurance node.

. Upon generation, a base premium of 10 USDT is deducted from the insurance account. - New nodes require a 72-hour waiting period before activation. While active, nodes remain in “Queued” status until the current airdrop cycle reaches 100% completion, at which point they activate and receive their first airdrop.

- Simplified explanation: Lose 100 USDT → Pay 10 USDT premium → Receive 1 insurance node representing 100 USDT coverage

2. Claim Trigger:

- When the insurance fund pool accumulates to the threshold, the system airdrops compensation funds to all active insurance nodes

- Each active insurance node you hold (valued at 100 USDT) participates in the distribution

3. Premium Collection:

- Profitable Orders: Collect 10% of the order's profit (PNL) from the contract account

- Loss-Making Orders: When cumulative losses reach 100 USDT to generate 1 insurance node, collect a 10 USDT base premium from the insurance account

4. Node Maintenance:

No new nodes generated for 15 consecutive days → All nodes frozen

No new nodes generated for 30 consecutive days → All nodes permanently expire

5. Referral Rewards:

For every 10 insurance nodes generated by a referred user, the referrer receives 1 reward node

- Reward nodes can only be activated when the account holds active nodes

6. Insurance Fund Sources:

Platform fee injection (1%-5%) + Full user premiums