Cover Protocol(COVER)

Total Value Locked$508,112

TVL by Chain

Ethereum$508,112

Protocol Information

A peer-to-peer coverage market.

GitHub X/Twitter

Category:Insurance

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

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 ($99.47m)Easedefi.org ($4.6m)Unslashed ($3.64m)Ensuro ($2.27m)Cozy Earn ($863,040)iTrust Finance ($504,172)Ante Finance ($500,434)Sherlock ($228,340)InsurAce ($144,459)InsureDAO ($123,626)

Frequently asked questions

What is Cover Protocol's TVL?

Cover Protocol currently has $508,112 in total value locked. TVL has decreased 37.2% 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 $181.26m across 32 protocols, and Cover Protocol accounts for 0.3% of that total. Other leading protocols include Nexus Mutual, Easedefi.org, Unslashed, Ensuro, Cozy Earn, iTrust Finance, Ante Finance, Sherlock, InsurAce, and InsureDAO.

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.