LiqPass is a non-custodial, parametric insurance layer that lets high-leverage perpetual traders purchase time-bound liquidation and drawdown protection on Superchain networks, with payouts triggered by deterministically verified events anchored onchain. By capping tail risk and enabling one-click cover integrations in perp trading flows, it aims to attract additional margin deposits, increase retained TVL in perp protocols, and drive higher trading activity and transaction fees across OP Stack ecosystems.