Cover Protocol

6 Articles 0 Followers

Cover Protocol Explained: P2P Coverage with Fungible Tokens

19 Apr 2021 4 minute read 2 comments Heath Muchena

With yield farming becoming more popular in the DeFi ecosystem, coverage for smart contracts is now in high demand. Currently, the challenge is that providers have limited capacity or prices are exorbitant which means that most participants cannot ge...

Cover Update, Binance users and COVER-OLD

1 Jan 2021 1 minute read 1 comment arro

After the COVER smart contract experienced an infinite minting attack on 2020/12/28, a large number of minted COVER tokens (greater than the COVER circulating supply) were bought by arbitrageurs on decentralized exchanges and deposited on Binance, c...

What is a cover protocol and why is it unique?

23 Dec 2020 1 minute read 2 comments arro

About COVER Protocol   COVER Protocol ($COVER) is a peer to peer coverage market for DeFi (decentralized finance). It allows DeFi users to be protected against smart contract risk, stabilizes DeFi space by instilling confidence and trust between pro...

[Company Watch] Cover Protocol and how to milk 100% APY?

7 Dec 2020 4 minute read 0 comments Serenity Fund

  Cover Protocol is a recent incarnation project from SAFE, which rode on Nexus Mutual and garnered public attention, especially those who are interested in on-chain insurance. Given the recent rise of exploits, and Nexus's attitude that they do not...

Yearn Finance and Cover Protocol Will "Work as One" Following Merger

30 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

The Yearn.Finance (YFI) and Cover Protocol (COVER) projects have announced a merger that will see the two teams' development agendas work in tandem, according to a blog post published on Nov. 28. Andre Cronje, founder of Yearn.Finance, said that the...

P2P Insurance Network Cover Protocol Executes Claim for Pickle Finance Hack

25 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized insurance coverage network Cover Protocol announced on Nov. 24 that its users had successfully agreed to payout a coverage for the Pickle Finance hack that occurred on Nov. 23. Cover Protocol will cover some of the funds from the $20 m...