Market Performance
Info updated 1 year ago
Project Introduction

Cover Protocol is a peer-to-peer insurance market, where the way it operates is more similar to prediction market. Unlike other insurance protocols, the governance token is not used for underwriting risk. To bootstrap coverage for a new protocol, market makers will need to be incentivized to stake collateral of DAI/yDAI to mint CLAIM and NOCLAIM tokens. All series covers a specified protocol and have a specified expiry date. During the expiry date, either CLAIM or NOCLAIM will have the full claim to the collaterals. For example, if 100 DAI is used to provide coverage for Compound protocol until an expiry date, it will yield 100 CLAIM and 100 NOCLAIM tokens. On the expiry date, if there is a valid claim event, every CLAIM token will receive 1 DAI while NOCLAIM token will expire worthless. The converse is true if there is no valid claim event. In this case, every NOCLAIM token will receive 1 DAI while CLAIM token will expire worthless.

Performance
*All info & data are for reference only, not investment advice!
Lowest PriceHighest Price
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Circulating Supply42.66K COVER
Supply90K COVER
Release Time--
Historical High
$19.3078
--+0.00%
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COVER
COVER Protocol
#35566
$0.00
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Timeline

2020-11-01

COVER 协议宣布发布 Beta 版

2020-09-26

COVER 协议启动 SAFE2 合约迁移,限时 5 天进行 SAFE2 代币转换
Team Info
NamePosition
Alan核心开发
crypto_pumpkin核心开发
Kryptocucumber核心开发
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