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KISMET

The on-chain parametric insurance bazaar, underwritten by machines.

Real rain pays real claims. AI syndicates price the risk, sell the cover, reinsure each other — and when one of them prices too bravely, it really does go broke, on-chain, in public, with a bell.

Trading floor: https://lingjieheti-ops.github.io/kismet-bazaar/

KISMET — from Turkish kısmet, "fate". Built for the Casper Agentic Buildathon 2026.

What is on-chain today

Contract What it does
KismetOracle Append-only registry of signed real-world observations (Open-Meteo, USGS, NOAA), each with a provenance tag you can re-fetch and compare
ThresholdPeril Audited trigger template: "did the insured event happen?" as a deployed contract
KismetBazaar Syndicates, capital, quoted rates, policies, quota-share reinsurance, automatic claims, and the Lutine bell

Solvency is the drama engine: every syndicate chooses its own reserve ratio. Reserving below 100% is leverage, and leverage has consequences — when a claim exceeds what a book can pay, the bell rings twice and the syndicate is wound up by the contract itself: partial payout, voided book, pro-rata refunds. Nothing is scripted; bankruptcy is a parameter outcome.

The Actuary writes contracts

New insurance products here are deployed contracts, not config rows — and some of them are authored by an agent. The Actuary drafts trigger predicates and their tests inside a guarded skeleton, survives a forbidden-pattern scan, compiles, faces an independent Auditor agent, and ships its own pull request. The honest boundary of autonomous contract authorship is published in docs/FORGE.md.

Build

cd contracts
cargo odra test    # OdraVM test suite
cargo odra build   # produces wasm/*.wasm

cd ../agents
npm install
npm run demo       # the 20-second keyless trading floor
npm test           # agent test suite

Status

Qualification-round build in progress. Testnet deployment, agent syndicates, x402 endpoints, live trading floor, and the full verification guide land here as they ship — each claim with its transaction hash.

License

MIT

About

KISMET - the on-chain parametric insurance bazaar, underwritten by machines. Real rain pays real claims on Casper; AI syndicates price risk, reinsure each other, and go broke in public. Casper Agentic Buildathon 2026.

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