Soroban Insurance Protocol: An In-Depth Overview | XYCLooLabs Blog

Soroban Insurance Protocol enables users to purchase insurance policies protecting against specific asset movements during a predefined period, leveraging Soroban’s first oracle, Reflector, for decentralized price feeds in smart contracts. The concept introduces liquidity pools, contract periods, and a mechanism for liquidity providers and policyholders, focusing on the liquidity required for policy issuance and the process for insurance benefit claims.