Cover Community,

Thank you for the messages of support during this time of transition; they are greatly appreciated. Over the next week, we will work to secure and transfer ownership of infrastructure, including Cover Protocol websites and apps.

As part of this transition, all UIs will be unavailable for approximately…

Cover Protocol would like to announce the departure of CryptoPumpkin, Alan, and KryptoCucumber, who are leaving due to increasing personal commitments. We are working with them to return vested tokens and contract control to the treasury.

As we look ahead, the remaining team members are committed to the Cover Protocol community. We will work with the Cover Protocol community to craft a clear roadmap for the future of this protocol.

We appreciate your continued support and we will move forward together, stronger.

Thank you,

Cover Protocol

Website | App | Docs | Twitter | Discord | Telegram | GitHub | YouTube

New Coverage Pool

We are excited to announce that a new “Blue Pool” has been added to Cover Protocol. You can now provide and buy coverage for the following blue-chip protocols through the CoverRules order books.

  • AAVE

DAI will be used as the collateral token to mint…

All of the actions below are in reference to the “Minting Tokens To Continue Shield Mining” proposal, which was voted on and passed by the Cover Protocol Community. The proposal enacted can be found here.

The additional supply of 14,489.751566617860993128 tokens was minted to dev multi-sig. These tokens will be…

ETH Mainnet — Live


We have deployed one Cover pool for now and will continue to deploy more as gas prices are more reasonable.

Follow the user guide here to learn how to provide and purchase coverages.

Note: Cover V1 can now be accessed at

BSC Mainnet — Partially Live


One pool is deployed…

Hope you all enjoyed the Ropsten testing and were able to get used to how Cover V2 works. Tomorrow, May 11th afternoon EST timeline, we will be launching Cover V2 on the ETH and BSC mainnet.

Note: If gas prices remain at these elevated levels we may scale down the…

Today, we are excited to announce the launch of Cover V2 on Ropsten Testnet. Mainnet launch will be in ~1 week.

How does it work?

CLAIM tokens are coverages, meaning you can redeem them for collateral when an accepted exploit happens on an underlying risk

  • These risks are fully customizable, for example, allowing coverages…

Hi y’all, hope everyone had another awesome weekend.

  • xCOVER is successfully launched with over 8000 COVER deposited. The fee receiving contract has received a little over 4,400 DAI in the past 3 days.
  • The Cover team is eagerly awaiting the return of the COVER v2 audit from Quantstamp so that…

Cover Protocol is pleased to announce the official launch of Credit Default Swaps (CDS), the first of its kind in the DeFi space! For the first venture into CDS, we will be partnering with Ruler Protocol.

You can read more about CDS on Cover from our previous article.

Lenders on…

Introducing Cover Protocol Credit Default Swaps (CDS), a new DeFi coverage product that will expand on the smart contract coverage offering already available through Cover. …

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