Introduction to DeFi covers

Decentralized risk products are new, complex and continuously evolving. Therefore, there is need for a credible third party to create – together with the community – an independent and fair assessment of these products.

Bright Union allows searching the DeFi positions by the wallet address, and finds the best coverage possible.

Algorithm for searching

Step	Comment
DeFi positions by the wallet address	The search is performed cross multiple EVM chains, such as Ethereum, Base, Optimism, Arbitrum, etc
Highest exposure, USD denominated	There is one 'Cover amount' for the whole portfolio, we look for the highest exposure the wallet has, in USD
Best product on the market	We look cross chains, cross risk providers to find the best coverage product that would cover the whole portfolio
Optional: Add an extra protocol	The user can add an extra protocol to be included into the coverage