Arc Climate Pay

Arc Climate Pay is a fully on-chain parametric weather insurance protocol built on Arc Network Testnet. Users purchase USDC-denominated policies against real climate conditions — frost, heat, heavy rain, drought, and high wind. When the on-chain oracle confirms a trigger, the smart contract executes the payout automatically. No claims process. No adjusters. No waiting. Just code. HOW IT WORKS Users connect their wallet and select a city (11 global cities supported), risk type, threshold, premium (5–20 USDC) and duration (7, 10 or 30 days). A weather oracle running 24/7 fetches real data from Open-Meteo API and writes it to the WeatherOracle contract every 10 minutes. When the condition is met, the payout executes instantly in USDC — no manual action required. AI AGENT & NANO-PAYMENTS The core innovation is the built-in AI agent powered by Groq (llama-3.3-70b-versatile). For just 0.01 USDC paid on-chain, the agent analyzes live oracle weather data and recommends optimal policy parameters. User pays → AI analyzes → policy deploys in two clicks. Arc's predictable USDC fees and sub-second finality make this micro-payment model economically viable at scale — exactly what the agentic economy requires. WHAT THIS UNLOCKS Climate risk is underfunded in DeFi. Farmers, businesses and individuals face real weather exposure — but traditional insurance is inaccessible, expensive and slow. Arc Climate Pay makes parametric weather protection available to anyone with a wallet. Combined with AI-powered policy generation at 0.01 USDC per query, it demonstrates that the agentic economy is already working on Arc Network today. COVERAGE 11 cities: Istanbul, New York, London, Tokyo, São Paulo, Seoul, Paris, Berlin, Dubai, Sydney, Mumbai. 5 risk types: Frost, Heat, Heavy Rain, Drought, High Wind. Premium: 5–20 USDC · Payout: up to 1.9× net premium · Duration: 7, 10 or 30 days.