Bright Union
  • Welcome
  • Buying Cover
    • Introduction to DeFi covers
    • Integrated Insurance Platforms
    • Cover types
    • Cover duration
    • Claims processes
      • Nexus Mutual claims process
      • Bridge Mutual claims process
      • InsurAce claims process
      • Ease Finance claims process
      • Unslashed claims process
      • Tidal Finance claims process
      • Uno Re claims process
      • Solace Finance claims process
  • Provide Cover
    • Provide cover
    • Risk Pools and Capital Efficiency
  • How to
    • Buy BRIGHT
    • Stake BRIGHT
    • Stake liquidity pool
  • Developers
    • Integration
      • Bright SDK
      • Bright Union Protocol
        • Bright Interface
        • Interact with the BrightUnion Protocol
        • Important contracts
  • FAQ
    • FAQ - Buy Cover
  • Other
    • Referral program
    • Dashboards
    • Don-Key finance collaboration FAQ
  • Release notes
  • Terms & Conditions
  • Bright Risk Index
    • Terms of use
    • Risks
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  1. Buying Cover

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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Last updated 3 years ago

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