Fida Finance - API & Developer Documentation
  • INTRODUCTION
    • 💫Transform Risk into Opportunity!
    • 🗞️Whitepaper
    • ✨Core Values
    • 🎴Founder's NFT Collection
    • 📬Contact Us
  • Usage
    • Issuing a Policy
    • Command Line Interface
      • Policy Management
      • Claims Management
  • Fida Policy
    • Policy Contract
    • Policy Life Cycle
      • Policy Initiated
      • Policy Funding
      • Policy on Risk
        • Pay Premium
        • Receive Fida Cards
        • Create a Claim
        • Finalize a Claim
      • Policy Expiration
    • Policy Discovery
  • Investors
    • Investor Contract
    • Investor Contract Life Cycle
      • Registration
      • Buy Fida Cards
      • Sell Fida Cards
      • Unlocking Collateral
      • Withdraw from premium pool
      • Close Account
    • Investor Income
      • Earning premium
      • Staking
    • Investor Discovery
  • 📡MEDIA
    • Library
  • 📚Knowledge
    • FAQ
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  1. Fida Policy
  2. Policy Life Cycle
  3. Policy on Risk

Receive Fida Cards

Each investor has the option to sell their Fida Cards token on third-party marketplaces. To initiate this process, the investor must first claim a Fida Cards token and add it to their wallet. As part of this procedure, the corresponding collateral linked with the tokens is transferred to the Fida policy script. Consequently, the investor will cease to earn rewards from staking the collateral and will no longer be eligible to claim a premium. Conversely, when another investor purchases a Fida Cards token, they must transfer it to their corresponding investor script along with the collateral previously deposited into the Fida policy script. Following this, they can claim a premium and earn rewards by staking the collateral within their investor script.

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Last updated 1 year ago

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