yay.oi·December 20, 2024

Rain Rain Go Away, But If You Stay PRMX Will Pay

Decentralized parametric insurance provider PRMX is the latest recipient of a Web3 Foundation Decentralized Futures grant. The first offering from PRMX will be rainfall insurance in Luzon, Philippines in Q2 2025. The grant project includes the development of a Polkadot-Sufficient-Assets UI Library, a confidential API off-chain worker (OCW) template, and an OCW that can detect insured perils using real-world data.