Cover types

There are various types of available covers

Each decentralized project is subject to a different type of risk which needs to be covered. The table shows an overview of what risks can be covered by different types of products. If you want to learn more, explore this Medium article: https://brightunion.medium.com/exploring-the-defi-coverages-aefe8803155d

Cover types	What risk is covered?	Example projects
Protocol hack and failure	In case the user has financial loss due to failure of the protocol caused by code, governance and oracle failures	Compound, Uniswap
Yield de-pegging	In case the market price of a yield tokens deviates from the face value for a significant amount of time	Curve, Yearn
Stablecoin de-pegging	In case the market price of a stable coin deviates from the underlying currency for a significant amount of time	DAI, USDT
Custodian Cover	Protects against hacks and halted withdrawals at crypto wallets	Binance, Kraken
IDO event risk	t.b.d.	t.b.d.