Provide AERE to the insurance reserve, earn premium rewards funded by DAO-paid premiums + voluntary protocol contributions. If a covered loss event is approved by governance, depositors take a haircut proportional to the payout. 7-day withdrawal notice window prevents opportunistic exits.
After giving withdrawal notice, you must wait 7 days before withdrawing. During the notice period your shares are reserved, you stop earning premiums but are no longer at risk for new claims.