Cover Protocol Claim Briefing 3: BT.Finance

Claim filed on: BT.Finance

Date of claim: February 8th, 2021

Collateral staked at time of accepted claim: 115,281 DAI

Status: Validated by Community and the CVC

Payout Percentage: 60% of $140,906 (Partial payout)

  • 1 CLAIM token = 0.60 DAI
  • 1 NOCLAIM token = 0.40 DAI

Payout turnaround time: 8 days (including the 2 day redemption delay)

We would like to give a huge thanks to our community for their fast response in voting and their input. Cover Protocol belongs to the community. This protocol can not succeed without the community. Our CVC did an amazing job with communicating with us throughout the whole process. They were super responsive and gave great in depth insight on the claim. We see this as a giant step towards a new way of governing claims and mitigating risk. Please view our CVC’s responses to the claim on our Discourse which include detailed reports.