Coverage Types
Our platform currently offers two types of cover protection for DeFi users:
Protocol Exploit Cover
Stablecoin Protection Cover
Each cover type is designed to protect users against different risks in the DeFi ecosystem. Below, you'll find an overview of what each cover includes and excludes.
Protocol Exploit Cover
This cover protects against losses resulting from exploits or failures in DeFi protocols.
What's Covered
Exploits or hacks of smart contracts
Critical oracle failures
Major liquidation issues
Governance attacks
What's Excluded
Losses from the depegging of any asset
Losses due to bridge infrastructure
Losses due to compromised websites with no impact on the protocol
For full details, please refer to the full terms:
Stablecoin Protection Cover
This cover protects against losses resulting from stablecoin depegging events and related issues.
What's Covered
Losses from the depegging of the covered asset
Exploits or hacks of the covered asset smart contracts
Governance attacks on the covered asset issuer
What's Excluded
Exploits or hacks of protocols using the asset
Critical oracle failures or major liquidation issues
Losses due to bridge infrastructure
Losses due to compromised websites with no impact on the protocol
For full details, please refer to the full terms:
Additional Coverage Details
Each cover pool may have additional documents that further detail the coverage when necessary or relevant. These documents provide specific information about claim processes, exclusions, and other important details that may affect your coverage.
Always review the full terms and conditions for each cover type before purchasing to ensure you understand the extent of your protection.
If there is pool specific annex, you can find it in the Pool Terms and Conditions section of the cover pool's details page or in the cover purchase modal.
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