De-Peg Insurance Claim Tool

WHAT IT DOES

This tool provides on-chain submission and management of de-peg insurance claims, enabling policyholders to claim payouts when a stablecoin or asset de-pegging event occurs. It reads your connected wallet address, insurance pool contract address, policy IDs, policy status, de-peg threshold, current price feed data, policy expiration timestamp, current block timestamp, claim eligibility status, payout amount, and claim history. You can then sign and send transactions to check claim eligibility, submit claims for de-peg events, verify de-peg conditions on-chain, claim payouts, and record claim metadata. All claim parameters are displayed in a clear review panel before you sign, so you know exactly what you are claiming. The tool also logs transaction hashes, confirmation status, and gas costs, providing a complete audit trail of all claim activities.

HOW TO USE

Connect your wallet using the built-in wallet bridge, choose the network that matches your insurance pool contract, and paste the pool contract address. Enter the policy ID for which you want to submit a claim. The review panel shows all inputs and the current block timestamp before you sign. Use the numbered action buttons: check eligibility to verify if your policy is eligible for a claim based on the current de-peg status, submit claim to formally submit a claim for a de-peg event, or verify de-peg to manually trigger the de-peg verification process if supported by the contract. You can also check policy status to view current policy state, eligibility, and claim history. Each transaction is signed sequentially, and the tool displays transaction details and confirmation status.

THE REAL MECHANISM

This tool uses ethers.js v5.7.2 to build and send transactions through the wallet's signer. It does not rely on any hardcoded contract addresses – you paste the contract you are using, so you are in full control. When you check eligibility, the tool calls the isEligible view function, which verifies that the policy is active, not expired, not already claimed, and that the de-peg condition has been met based on the contract's price oracle. When you submit a claim, the tool calls the submitClaim function, which triggers the claim process, performs the de-peg verification, and transfers the payout amount to your wallet if the claim is valid. The tool also supports manual verification via verifyDepeg, which can be used if the contract requires a separate verification step before claims can be processed. Claim history is read via the getClaimHistory function, returning timestamps of all claims submitted for a policy. All transactions are sequential to prevent nonce conflicts, and gas costs are calculated using effectiveGasPrice for accurate post-EIP-1559 reporting.

WHAT IT CANNOT SEE

This tool cannot verify off-chain price feeds, detect real-time de-peg events, ensure insurance pool solvency, or verify that the insurance contract handles claims correctly. It cannot detect if the price feed used by the contract is accurate or if the de-peg event actually occurred. The tool also cannot verify that the pool has sufficient funds to cover all claims, or that the insurance contract correctly handles edge cases like multiple claims, partial de-pegs, or market manipulation. It cannot simulate the outcome of a transaction before you sign it, nor can it guarantee that the claim will be processed correctly if the contract is not properly implemented.

PLEASE NOTE

This tool works only on EVM-compatible chains supported by your wallet and provider. Always double-check the contract address and policy ID before signing. Use testnet first. The tool is a transaction-signing interface and claim management tool, not a price feed validator or insurance solvency auditor.