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Pharaohs Insurance (PI)
The Pharaohs Insurance is the acronym for Insurance Value which is a separate wallet in PyramiDAO’s PAP system. The Pharaohs Risk Free Value plays a critical role in the PyramiDAO Auto-Staking Protocol.
The PI is an innovation from PyramiDAO. It is a separate wallet that collects funds to support and stabilise the Liquidity pool. This is particularly useful in the event of a sharp sell-off that might drain a liquidity pool. This can cause problems because liquidity is what allows the buying and selling of the $PYRA token. The PI provides a liquidity reserve and prevents this from happening during a sharp sell-off.