Ask about Cover Protocol

Logo of Cover ProtocolCover Protocol(COVER)

Total Value Locked$808,589.08

TVL by Chain

Ethereum$808,589.08

Protocol Information

A peer-to-peer coverage market.

GitHubX/Twitter
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 ($114.11m)Easedefi.org ($5.11m)Unslashed ($3.98m)Ensuro ($2.07m)Cozy Earn ($941,465.57)Ante Finance ($545,186.46)iTrust Finance ($538,996.8)Sherlock ($485,596.02)InsurAce ($148,569.13)Nsure ($139,354.55)

Frequently Asked Questions

What is Cover Protocol's TVL?

Cover Protocol currently has $808,589.08 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 $129.26m across 31 protocols, and Cover Protocol accounts for 0.6% of that total. Other leading protocols include Nexus Mutual, Easedefi.org, Unslashed, Ensuro, Cozy Earn, Ante Finance, iTrust Finance, Sherlock, InsurAce, and Nsure.

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.