Arbitration

Athena's claim process is designed to be fair, transparent, and efficient by leveraging decentralized arbitration to ensure just outcomes for all parties involved.

Key Strengths

1. User-Centric Design: The process is structured to protect both cover holders and the liquidity providers.

2. Decentralized Arbitration: Utilizes Kleros for impartial dispute resolution.

3. Incentivized Fairness: Collateral requirements discourage frivolous claims.

4. Transparent Timeline: Clear periods for challenges and resolutions.

Process Overview

Arbitration Process

Important Information for Users

1. Claim Initiation:

   • Ensure you have sufficient funds for the required collateral and arbitration costs.

   • Prepare any documents you wish to submit as evidence if you think it is necessary.

2. Challenge Period:

   • Be aware of the challenge period duration.

   • Undisputed claims are automatically accepted after this period.

3. Claim Prosecution:

   • Prepare and submit comprehensive evidence to support your case.

   • Athena may provide additional information to strengthen you case.

4. Claim Resolution:

   • Accepted claims lead to compensation withdrawal.

   • Rejected claims may result in loss of collateral.

5. Overrule Period:

   • This is a temporary measure to support the launch of Athena.

   • There's a window for intervention in case of clear arbitration mistakes.

   • This adds an extra layer of protection against erroneous decisions.