Coverage Types

Our platform currently offers two types of cover protection for DeFi users:

1. Protocol Exploit Cover

2. 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:

athena-exploit-cover-terms.pdf

PDF · 113KB

Open

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:

athena-peg-cover-terms.pdf

PDF · 105KB

Open

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.

Pool Terms