Per-contract underwriting
Status: Live · Stellar testnet: 19 October 2026
Changes
| Change | Detail |
|---|---|
| Per-contract underwriting | Each contract is backed only by the underwriters with free money when it is sold. They receive its premium at once and carry only its payout. Underwriters who join later neither share earlier premiums nor carry earlier risk. See Per-contract underwriting. |
| Backing preferences | Underwriters can stop backing new sales and set the longest tenor they back. |
| Upgradable contracts | Improvements are installed in place; pools, balances and addresses stay the same. |
| Backup passkeys | Add a second passkey for recovery. |
| Account verification | Submit details and documents for review from the Account page. |
Migration
The earlier pool contract stopped taking new money. Its positions continue to settle and its underwriters can withdraw. New pools use the new contract.