Ask about Cover Protocol · freeCover Protocol(COVER)
Total Value Locked$480,628
TVL by Chain
Ethereum$480,628
Protocol Information
A peer-to-peer coverage market.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubHacks
Date: Dec 29, 2020
Amount: $9.4m
Classification: Token & Share Accounting
Technique: Arithmetic Error
Cover Protocol's Blacksmith contract was exploited on December 28-29, 2020, due to incorrect memory/storage reference in reward calculation logic, allowing unbounded minting of approximately 40 quintillion COVER tokens. Funds were returned by a white hat hacker.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Cover Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 22, 2020 to Nov 6, 2026.
All-time high TVL: $45.66m on Dec 28, 2020. All-time low TVL: $480,507 on Nov 3, 2026.
Daily TVL, Oct 8, 2026 to Nov 6, 2026
| Date | TVL |
|---|---|
| Oct 8, 2026 | $508,704 |
| Oct 9, 2026 | $508,790 |
| Oct 10, 2026 | $508,762 |
| Oct 11, 2026 | $508,802 |
| Oct 12, 2026 | $508,926 |
| Oct 13, 2026 | $508,905 |
| Oct 14, 2026 | $508,862 |
| Oct 15, 2026 | $508,962 |
| Oct 16, 2026 | $508,081 |
| Oct 17, 2026 | $508,148 |
| Oct 18, 2026 | $508,120 |
| Oct 19, 2026 | $507,798 |
| Oct 20, 2026 | $507,791 |
| Oct 21, 2026 | $494,563 |
| Oct 22, 2026 | $494,459 |
| Oct 23, 2026 | $494,519 |
| Oct 24, 2026 | $494,602 |
| Oct 25, 2026 | $494,597 |
| Oct 26, 2026 | $494,497 |
| Oct 27, 2026 | $494,505 |
| Oct 28, 2026 | $483,518 |
| Oct 29, 2026 | $483,517 |
| Oct 30, 2026 | $483,420 |
| Oct 31, 2026 | $483,724 |
| Nov 1, 2026 | $480,791 |
| Nov 2, 2026 | $480,557 |
| Nov 3, 2026 | $480,507 |
| Nov 4, 2026 | $480,590 |
| Nov 5, 2026 | $480,590 |
| Nov 6, 2026 | $480,616 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $809,246 |
| Jan 31, 2025 | $809,407 |
| Feb 28, 2025 | $809,424 |
| Mar 31, 2025 | $809,333 |
| Apr 30, 2025 | $809,678 |
| May 31, 2025 | $809,740 |
| Jun 30, 2025 | $809,622 |
| Jul 31, 2025 | $809,740 |
| Aug 31, 2025 | $809,489 |
| Sep 30, 2025 | $809,341 |
| Oct 31, 2025 | $809,545 |
| Nov 30, 2025 | $809,607 |
| Dec 31, 2025 | $809,418 |
| Jan 31, 2026 | $808,607 |
| Feb 28, 2026 | $809,627 |
| Mar 31, 2026 | $809,634 |
| Apr 30, 2026 | $809,105 |
| May 31, 2026 | $808,880 |
| Jun 30, 2026 | $809,369 |
| Jul 31, 2026 | $808,547 |
| Aug 31, 2026 | $808,668 |
| Sep 30, 2026 | $808,610 |
| Oct 31, 2026 | $483,724 |
| Nov 6, 2026 (latest) | $480,616 |
TVL at each year end, Dec 28, 2020 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 28, 2020 | $45.66m |
| Dec 31, 2022 | $815,087 |
| Dec 31, 2023 | $808,055 |
| Dec 31, 2024 | $809,246 |
| Dec 31, 2025 | $809,418 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/cover-protocol
Frequently asked questions
What is Cover Protocol's TVL?
As of Nov 6, 2026, Cover Protocol has $480,628 in total value locked. TVL has decreased 5.5% 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 $166.57m across 33 protocols, and Cover Protocol accounts for 0.3% of that total. Similar protocols include Nexus Mutual Insurance, Easedefi.org, Unslashed, Ensuro, Cozy Earn, iTrust Finance, Ante Finance, Sherlock, USD8, 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.