InsurAce, a DeFi insurance protocol, said that since the 10-day time-weighted average price (TWAP) of UST has been lower than $0.88, its UST de-anchor insurance claim process has been officially launched, and insurance holders who meet the following corresponding standards are eligible for the application Propose compensation.

In a blog post, the project said, "If UST is zeroed, we expect to pay approximately $22 million. Assuming everyone receives it, and apparently not ruling out (some people have sold their UST, which may make insurance Invalid). After talking to some policyholders, our latest estimates put this lower total at about $15 million. We have a TVL of about $50 million and revenue of over $2 million plus reserve capital. So, we have enough funds, even if UST is $0."