New Protocols and Expiries Batch Release

Dear Community and Cover Protocol Users,

We have on-boarded and updated several protocols and expiries today.

  • All new coverages will have Flash Coverage Swap support. You can read the user guide here (v1.0.1).
  • The new coverages with bonuses will start at 2/22/2021 12am EST (in ~30 mins from now).

All new coverages will use Dai instead of yDai (to reduce gas costs).

If you want to farm the above pools, please read the following carefully!

Farming as a Current Cover Farmer

No action required if you don’t plan to farm the above pools.

To farm the new pools,

  • Withdraw from Bonus Rewards
  • Remove Liquidity from the Balancer Pool(s)
  • Redeem back your collateral
  • (Optional) Covert yDai to Dai
  • Mint coverage of the above protocols and expiry (please select the correct params)
  • Add NOCLAIM liquidity into the 50/50 Balancer pool for the new protocol/expiry
  • Deposit the LpToken into the pool under Rewards Mining tab

Farming 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 of the above protocols and expiry (please select the correct params)
  • Add NOCLAIM liquidity into the 50/50 Balancer pool for the new protocol/expiry
  • Deposit the LpToken into the pool under Rewards Mining tab

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