💠MIND INSURANCE FUND (MIF)

MIND INSURANCE FUND

MIF is the acronym for the MIND Insurance Fund which is a separate wallet in MIND MAP system. The MIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the MIF wallet.

In simple terms, the staking rewards (rebase rewards) which are distributed every 15 minutes at a rate of 0.02422% are backed by the MIF parameter, thus ensuring a high and stable interest rate to $MIND token holders.

5% of all trading fees are stored in the Mind Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.

MIF Keeps holders safe by:

• Avoiding flash crash through price stability

• Achieving long-term sustainability and future growth of the Mind Protocol

• Greatly reducing downside risk