Cover Protocol: a peer-to-peer coverage market
Quick Take
- Cover Protocol is a decentralized market that offers pseudo-insurance against DeFi exploits
- Coverage seekers buy protocol-specific CLAIM tokens to get covered, whereas underwriters buy NOCLAIM tokens to earn premiums, and prices are market-driven
- They have undergone a series of controversies and the market sentiment is mixed
This research piece is available to
members of The Block Genesis.
You can continue reading
this Genesis research on The Block.
Go to Source
Author: Eden Au