GRIZK — risk you can read. cover that pays itself.

01 / COVERSFOUR WAYS A TOKENIZED STOCK BREAKS.

A tokenized equity is a claim on a share, held by a custodian, priced by an oracle, traded on a chain. Each link can fail. grizk covers the four failures that have nothing to do with the stock going down.

DEPEG

The token trades persistently below the reference price of the share it represents.

trigger: TWAP(token/ref) < 0.97 window: 24h · pays: shortfall

HALT

The underlying is halted, delisted or frozen for longer than the cover's threshold, and the token cannot be redeemed.

trigger: halt > 5 trading days pays: notional × halt factor

CUSTODIAN

The issuer or custodian defaults, is seized, or fails attestation for longer than the threshold.

trigger: attestation missed 72h or on-chain default notice pays: notional

ORACLE

The reference price feed is stale, diverges from secondary sources, or is manipulated beyond a bound.

trigger: |primary−secondary| > 5% for 6h · pays: realised loss

02 / PRICINGTHE PREMIUM IS A FORMULA. HERE IT IS.

grizk publishes the score of every covered asset, the weight of every factor, and the curve from score to premium. If you can read this box, you can check your premium.

SCORE = Σ wᵢ · fᵢ (0 = no risk, 100 = uninsurable) f1 custodian attestation cadence, jurisdiction, audit age w = 0.30 f2 liquidity 30d on-chain depth vs notional at 2% impact w = 0.20 f3 peg history days since last 0.97 breach, breach count 180d w = 0.20 f4 oracle source count, staleness p95, divergence p95 w = 0.15 f5 underlying halt history, listing venue, market cap w = 0.15 PREMIUM (annualised, % of notional) score 0–20 → 0.6% 21–40 → 1.4% 41–60 → 3.2% 61–80 → 7.5% 81–100 → not offered TERM MULTIPLIER 30d × 0.32 90d × 1.00 180d × 1.85 TSLAx score 41 · 90d · $10,000 → 3.2% × 1.00 × 10,000 × 90/360 = $80.00

03 / CLAIMSNOBODY DECIDES. THE TRIGGER DOES.

Parametric means the payout condition is a number the chain can read. When the number crosses the line for long enough, the contract pays. There is no claim form, no investigation, and no one to convince.

MONITOR

The engine reads price, attestation and halt feeds every block for every covered asset.

BREACH

A trigger condition is met. A breach timer starts on-chain, publicly.

WINDOW

The condition must hold for the peril's window (6h–5d). Recovery inside the window cancels the breach.

TRIGGER

Window elapses. The contract computes payout per the peril's formula for every active cover on that asset.

PAY

USDC to each covered wallet in one transaction. Cover ends. Score updates.

04 / THE POOLWHO PAYS WHEN IT PAYS.

UNDERWRITERS

Anyone can deposit USDC into the pool and earn premiums. Deposits are tranched: junior takes first loss and most yield; senior takes last loss and least. Capacity per asset is capped at a fraction of pool size so one custodian failing cannot empty it.

junior: first loss, higher yield, 30-day exit notice
senior: loss only after junior is exhausted, lower yield, 7-day exit
per-asset cap: 12% of pool
per-custodian cap: 25% of pool

WHAT WE DO NOT DO

We do not cover price. If the stock falls, that is investing. We do not cover perils whose trigger cannot be read on-chain. We do not underwrite assets scoring above 80. We do not adjust claims, because there is nothing to adjust.

We publish the pool's solvency ratio, exposure per asset and per custodian, and every payout, on-chain, always.

05 / MANIFESTOWHAT WE HOLD.

A risk you cannot read is a risk you are not being paid for.

The premium is a formula, or it is a negotiation.

Cover that needs an adjuster is cover that can say no.

Price is not a peril. Plumbing is.

Solvency is a number. Publish it every block.

If we would not insure it at 80, we will not insure it at 81.

RISK YOU
CAN READ.

QUOTE / PARAMETRIC COVER