Launch of Credit Default Swaps

Farming/Rewards Mining as a New Farmer

If you are new to Cover, be sure to read our documentation before anything. To farm the new pools:

  • Mint coverage on the above CDS options and or protocol. Make sure expiry lines up with your choice (please select the correct params).
  • Add NOCLAIM token liquidity into the [50% NOCLAIM / 50% DAI] Balancer pool for the corresponding CDS and or protocol with the correct expiration.
  • You can choose to sell (as a coverage provider) or hold (as a market maker) CLAIM tokens. Read more here about the impact of your options.
  • Deposit the LP Token into the pool under the Rewards Mining tab.

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