Cover Protocol

Cover Protocol

Created using Figma
Created using Figma
Coverage for smart contracts has never been more important than now with the explosion of yield farming. However, current providers have limited capacity and/or unaffordable prices leaving most participants uncovered.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Bilaxy
    0X250A3500F48666561386832F1F1F1019B89A2699/ETH one year ago
    $ 384.87
    $ 2.748 K
    -
    -
  • Uniswap (v3)
    0X250A3500F48666561386832F1F1F1019B89A2699/ETH one year ago
    $ 408.99
    $ 1.965 M
    12.12%
    15.79%
To be announced
Additional Details
Categories
Platform

About Cover Protocol

Cover Protocol provides peer to peer coverage with fungible tokens. It lets the market set coverage prices as opposed to a bonding curve.

The process starts when market makers (MMs) deposit collateral to cover a product. MMs will receive two types of fungible cover tokens in exchange for their deposit. MMs can choose to sell the fungible token(s) to earn a premium, or provide liquidity in on order-book with the fungible token(s). Coverage seekers can then buy the coverage they need.

Cover Protocol allows DeFi users to be protected against smart contract risk. It stabilizes the turbulent DeFi space by instilling confidence and trust between protocols and their users. By bridging the gap between decentralized finance and traditional finance, Cover Protocol will open the doors of DeFi to all investors.

Activity

Followers:
22 446
VERY HIGH
Tweets:
687
VERY HIGH
30 Days Growth:
68
Year commits:
391
Watchers:
19
Stars:
36
Forks:
57
Open issues:
4

Cover Protocol Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

crypto_pumpkin
Core Dev
unverified
kryptocucumber
Core Dev
unverified
Alan
Co-Founder
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Kiwi
unverified
Teddy
unverified
DeFi_Ted
unverified
$ 352.02
Crypto Stats
Daily, %:
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Market Info
Market Cap:
$ 18.548 M
Volume 24h:
Circ. Supply:
52.689 K 0X250A3500F48666561386832F1F1F1019B89A2699
Ticker:
0X250A3500F48666561386832F1F1F1019B89A2699
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