# Petoverse Insurance Fund (PIF)

PIF is the acronym for the Petoverse Insurance Fund which is a separate wallet in the Petoverse Auto-Staking Protocol(PAP). The PIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the PIF wallet. 

In simple terms, the staking rewards (rebase rewards), which are distributed every 15 minutes, are backed by the PIF parameter. This ensures a high and stable interest rate for $PETO token holders.

3% of all trading fees are stored in the Petoverse Insurance Fund which helps sustain and back the staking rewards created by the positive rebase.

### **PIF Keeps Holders Safe** 

* **Avoiding flash crashes through price stability**
* **Achieving long-term sustainability and future growth of the Petoverse Protocol**
* **Greatly reducing downside risk**

![](https://4076117394-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6uGvNAjcZZp1olhCaTpf%2Fuploads%2FhLq2rr2juJYne7VO1keX%2FPetoverse%20Insurance%20Fund%20\(PIF\)%20\(1\).png?alt=media\&token=af7a3f16-6a24-4913-ac72-1b5179495339)