Logo of Cover ProtocolCover Protocol(COVER)
Total Value Locked$808,611.34

TVL by Chain

Ethereum$808,611.34

Protocol Information

A peer-to-peer coverage market.

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Category:Insurance

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Hacks

Date: Dec 29, 2020

Amount: $9.4m

Classification: Token & Share Accounting

Technique: Arithmetic Error

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Competitors

Nexus Mutual ($109.22m)Easedefi.org ($4.94m)Unslashed ($3.71m)Ensuro ($2.02m)Cozy Earn ($1.05m)iTrust Finance ($521,232.07)Ante Finance ($507,920.84)Sherlock ($501,582.31)Nsure ($262,855.74)InsurAce ($144,003.8)

Frequently Asked Questions

What is Cover Protocol's TVL?

Cover Protocol currently has $808,611.34 in total value locked. TVL has decreased <0.1% over the past 30 days.

What chains does Cover Protocol operate on?

Cover Protocol operates on Ethereum. Ethereum holds the largest share at 100%.

How does Cover Protocol's TVL compare to similar protocols?

Among Insurance protocols tracked by DefiLlama, Cover Protocol ranks #6 by TVL. The category holds $124.23m across 31 protocols, and Cover Protocol accounts for 0.7% of that total. Other leading protocols include Nexus Mutual, Easedefi.org, Unslashed, Ensuro, Cozy Earn, iTrust Finance, Ante Finance, Sherlock, Nsure, and InsurAce.

Has Cover Protocol ever been exploited?

Cover Protocol has 1 recorded security incident. The most recent incident occurred on Dec 29, 2020 and involved $9.4m. It was classified as Token & Share Accounting.