Nami Insurance Documents
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  • 🛡️NAMI INSURANCE OVERVIEW
  • 📚Glossary
  • 📑Status system
  • ✍️Register/Log in Nami Insurance account
  • 📝Open market insurance contract
    • From Buy Cover
    • From a Futures position from Nami Future an NAO Futures
  • 🔑Open limit insurance contract
  • 💻Caculator
  • 🗃️Contract Management
  • 📐Assets Information
  • 🤝Referral Policy
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  1. Open market insurance contract

From a Futures position from Nami Future an NAO Futures

Nami Insurance allows users to directly open insurance contracts on the Nami Futures and NAO Futures interfaces. Accordingly, the system will automatically suggest a suitable insurance contract for th

PreviousFrom Buy CoverNextOpen limit insurance contract

Last updated 9 months ago

Step 1: Access the "Nami Futures" or "NAO Futures" interface. Select the "Positions" section to view opening positions.

Step 2: Select "Buy cover now" for the position you want to buy an insurance contract.

Step 3: Check the information of the suggested insurance contract.

Step 4: Customize the information to suit demands or select "Buy Cover" to confirm the purchase immediately.

Notes:

Positions will be suggested insurance contract when meeting the following conditions:

  • The trading pair is on the insurance asset list of Nami Insurance.

  • The SL price (or liquidation price) has to meet the minimum/maximum limit of P-Claim.

  • The system prioritizes suggesting an insurance contract based on the expected loss at the stop-loss price.

  • The trading volume of the position is within 5 USDT - 10,000 USDT or 125,000 VNST - 250,000,000 VNST.

In case of unsuccessful purchase confirmation, users can check one of the following reasons:

  • Unsuccessful contract opening due to exchange rate fluctuations at the time of confirmation causing P-Claim to fall outside the limit. Users can retry the steps in the instructions to open a new contract to protect the position.

  • Unsuccessful contract opening due to insufficient balance in the user's Nami Insurance wallet. User can add more balance or adjust the contract accordingly.

How to track opened Insurance contract on each position

Step 1: Access the "Nami Futures" or "NAO Futures" interface. In the "Positions" section, select the position you want to track Insurance contract statistics.

Step 2: In the "Order Detail" section, select "Insurance" to display the contracts list for the position.

Step 3: Select "Detail" of the insurance contract to track detailed information about the insurance contract.

Notes:

  • A Futures position can be covered by multiple different insurance contracts.

  • The system will list all contracts that have been and are being opened for each position

Step 1: Access the official Nami Insurance website

Step 2: On the "Buy Cover" screen, select "Open Positions". Choose "Quick cover" for the position you want to insure

Notes:

Positions will be suggested insurance contract when meeting the following conditions:

  • The trading pair is on the insurance asset list of Nami Insurance.

  • The SL price (or liquidation price) has to meet the minimum/maximum limit of P-Claim.

  • The system prioritizes suggesting an insurance contract based on the expected loss at the stop-loss price.

  • The trading volume of the position is within 5 USDT - 10,000 USDT or 125,000 VNST - 250,000,000 VNST.

In case of unsuccessful purchase confirmation, users can check one of the following reasons:

  • Unsuccessful contract opening due to exchange rate fluctuations at the time of confirmation causing P-Claim to fall outside the limit. Users can retry the steps in the instructions to open a new contract to protect the position.

  • Unsuccessful contract opening due to insufficient balance in the user's Nami Insurance wallet. User can add more balance or adjust the contract accordingly.

Go to and log in using your Nami Exchange account. Select "Buy Insurance" from the menu.

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https://namiinsurance.io