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 for a single asset in a pool (USDT), or covering the entire pool (GUSD3crv pool).

NOCLAIM tokens represent the right to redeem collateral after the expiration date.

  • If no risks are exploited, NOCLAIM is fully redeemable

As a Coverage Provider, you make a return by selling CLAIM tokens.

  • Mint both CLAIM and NOCLAIM tokens

As a Coverage Seeker, your goal is to get covered on the risks you are exposed to somewhere else.

  • Go to the Cover Pool and find the risks you are exposed

To access testnet Cover V2, go to https://ropsten.coverprotocol.com

User Guide

Cover Beta

https://beta.coverprotocol.com will be deprecated. Remaining funds can be redeemed following this guide.