EtheriscMicro-cap
Moderate risk — clean track record but heavy dependence on external data accuracy for automated payouts
Top Risks
1
Heavy reliance on Chainlink oracles for parametric triggers creates single point of failure; oracle manipulation or data provider failures could trigger false payouts draining insurance pool reserves
2
Automated claim payouts without human review enable fraud at scale if attackers can manipulate oracle data feeds; smart contract automation removes traditional insurance fraud detection layers
3
Custom DAO policies and unusual protocol risks lack actuarial precedent; mispriced policies could lead to capital provider losses if claim rates exceed premium revenue
Risk Breakdown
Frequently Asked Questions
Is Etherisc safe to use?
Etherisc receives a B- risk grade (34/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — clean track record but heavy dependence on external data accuracy for automated payouts A decentralized insurance platform that pays out claims automatically when real-world events happen, like flight delays or weather disasters. It manages $80M in insurance pools and has processed $13M in flight delay claims. Its B- grade reflects strong oracle dependency offset by a clean track record.
What are the main risks of using Etherisc?
The key risks identified for Etherisc are: (1) If the data feeds reporting flight delays or weather events are wrong or hacked, the system pays out fake claims and drains the insurance pool before anyone notices (2) Claims pay out automatically with no human review. This speed is great for real claims but means fraud can drain money instantly if someone games the data source (3) Custom insurance policies for crypto-specific risks have no historical pricing data. If claims happen more often than expected, the insurance pools run dry
What is Etherisc's risk score breakdown?
Etherisc scores 34/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 8/20, Oracle Surface: 5/10, Documentation Gaps: 2/10, Track Record: 3/15, Scale Exposure: 3/10, Regulatory Risk: 4/10, Vitality Risk: 6/10. The highest risk area is Vitality Risk at 6/10.
How does Etherisc compare to other DeFi protocols?
Among 68 rated DeFi protocols on Hindenrank, Etherisc ranks #27 by safety (lowest risk score = safest). Its 34/100 risk score and B- grade place it in the middle tier of DeFi protocols.
Has Etherisc ever been hacked or exploited?
Etherisc scores 3/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.
Last scanned 2026-02-12