11/21/20 Claim Outcome for Pickle Finance

Cover Protocol
2 min readNov 24, 2020


Hello everyone!

The CVC decision on the claim filed 11/21/2020 for Pickle Finance has been executed here: CVC_TX

The CVC has unanimously agreed to a payout percentage of 100%, meaning each COVER_PICKLE_2021_02_28_DAI_0_CLAIM token will be redeemable for 1 Dai.

The nonce for Pickle has been incremented from 0 to 1, meaning COVER_PICKLE_2021_02_28_DAI_0_NOCLAIM is no longer valid and COVER_PICKLE_2021_02_28_DAI_0_CLAIM will be eligible for redeeming after a 2 day grace period from now!

As of now, there is a total of 282,035 DAI that will be redeemable for payout! Thank you everyone for participating in our first claim payout!

While incidents like these are always very unfortunate, we hope it encourages more users of DeFi to protect themselves and get covered. We will share more details soon on the next active nonce for coverage on Pickle Finance.

Pickle Shield Mining Pool

A new Balancer Pool has been created with the new Pickle (nonce 1) covTokens. The old pool (nonce 0) has been discontinued and the shield mining rewards have been set to the new Pickle pool.