0xac8eb5c1…95d9sent to0x0d5ab74e…e203·#14,936,953·view on Etherscan
Hello - I am submitting an appeal / complaint for claim 30, for a total of 176088 USDC, for the reason that I was led to believe via the cover policy terms and via communications with the team that I would be eligible for a claim if the 10-day TWAP of UST stayed below $0.88 even if my cover had not been activated yet at the time the depeg event was triggered.
That this should be a coverable case can be seen in the official cover terms, which I will provide proof of to claims@insurace.io .
Additionally, in my communications with team members from the time of the depeg event, I was led to believe that this would be a coverable situation, during a time where UST was worth many multiples more than what it is worth now. Had I received a definitive answer at any point, I would've been able to salvage a significant amount of funds from my total UST that I am claiming for. At the point that I received email notice that this was not going to be covered, the price of UST was already 1/5 of the price that it was was when I had first asked about this.
I have provided screenshots of the communications from May 11th that led me to believe that I would be covered.
In summary, I am submitting a complaint due to the fact that I believe that the cover I purchased should be valid, and due to not receiving a definitive response from the insurAce team to my queries until May 25th at 10:05 PM (15 days after I originally asked the team). Because of this, I was not able to make a timely financial decision to sell my UST at a much higher price to recuperate some of my losses.
httphash