The multi-trillion-dollar insurance industry is dominated by huge corporations, saturated with global institutions, constrained by heavy regulations and plagued by misalignments of company and consumer incentives. The insurance world has devolved into an inefficient, expensive, and ultimately frustrating industry. When customers most need help, they can end up fighting in vain for reimbursement from companies whose profits depend on them not paying out.
Pharo is building a protocol for decentralized risk management products and applications. Individuals, businesses, large and small, non-profit organizations and insurtech startups can all come together to provide better products and services. We aim to use blockchain technology to help make the sale and purchase of risk more efficient, enable lower operational costs, and provide transparency into the industry.
Pharo can provide the means to disinter-mediate the market with a peer-to-peer risk platform that helps us act as society's safety net. We envision new individuals building their own markets and products on top of the Pharo protocol.
Cover contracts, stablecoins or bridges that you think are safe.
Stake stablecoins to provide coverage to customers
Earn yields in PHRO over time, earn stablecoins as profit when users buy cover.
Choose contracts, stablecoins or bridges you want coverage for.
Get a quote, set your odds, or buy coverage instantly using our app.
No claims necessary, payouts happen automagically.