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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.
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