Ask about Cover Protocol
Logo of Cover ProtocolCover Protocol(COVER)
Total Value Locked$808,765.26

TVL by Chain

Ethereum$808,765.26

Key Metrics

$COVER Liquidity$15,251

SushiSwap$15,251

Protocol Information

A peer-to-peer coverage market.

Category:Insurance

Audits:

GitHubTwitter

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: Protocol Logic

Technique: Incentives Function Mistake

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Competitors

Nexus Mutual ($85.98m)Easedefi.org ($3.66m)3F Mutual ($3.56m)Unslashed ($2.75m)Ensuro ($1.58m)Cozy Earn ($741,158.34)Sherlock ($502,792.17)iTrust Finance ($401,866.58)Ante Finance ($377,332.35)Nsure ($192,248.44)

Frequently Asked Questions

What is Cover Protocol?

A peer-to-peer coverage market.

What is Cover Protocol's TVL?

Cover Protocol currently has $808,765.26 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 #7 by TVL. The category holds $101.22m across 28 protocols, and Cover Protocol accounts for 0.8% of that total. Other leading protocols include Nexus Mutual, Easedefi.org, and 3F Mutual.

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 Protocol Logic.