|Total Value Locked||24H|
|in ETH||2.1K ETH||-0.1%|
|in BTC||129 BTC||-1.2%|
|DAI Locked||7.4M DAI||+43.9K DAI|
|% Supply Locked||0.16%|
Cover Protocol is a peer-to-peer coverage market that allows DeFi users to be protected against smart contract risk. It stabilizes the turbulent DeFi space by instilling confidence and trust between protocols and their users. By bridging the gap between decentralized finance and traditional finance, Cover Protocol will open the doors of DeFi to all investors. Cover Protocol provides peer-to-peer coverage with fungible tokens. It lets the market set coverage prices as opposed to a bonding curve. The process starts when market makers (MMs) deposit collateral to cover a product. MMs will receive two types of fungible cover tokens in exchange for their deposit. MMs can choose to sell the fungible token(s) to earn a premium, or provide liquidity in Balancer pools with the fungible token(s) and earn fees. Coverage seekers can then buy the coverage they need. The long term vision for Cover Protocol is to allow anyone to buy coverage on anything.
The main Cover Protocol interface allows users to view the marketplace for coverages we support, mint coverage, buy and sell covers, as well as participate in shield mining.
The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. To kick off our Founder Fireside Chat series, we speak with Eric Chen, Co-founder of Injective Protocol, who is working to bring …
Options trading has become more popular than ever now that anyone can trade from anywhere with a few taps. The barriers to entry have been lowered improving accessibility for the average joe. In case you don’t know, options are financial primitives that give a trader the choice (or the option) to buy or sell an …
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