- N/T
Cover Protocol COVER
We lack of accurate trading data.
This could be attributed to several reasons, including limited exchange liquidity or delisting. Or might be due unable to provide support for exchanges where this asset is currently tradable.
Market CapÂ
$2.88Â MRank #--FDVÂ
--Rank #--Investors
Twitter Followers
Twitter Performance
837Rank by Twitter #1377- 0
- 100
- 1000
- 4000
About COVER
Cover Protocol is a decentralized finance (DeFi) protocol that provides coverage for smart contracts and protocols against potential security risks and vulnerabilities. It allows users to purchase coverage for their crypto assets, protecting them from potential losses in the event of hacks, exploits, or other security breaches. The protocol utilizes a peer-to-peer marketplace where users can buy and sell coverage using the native token, COVER. Additionally, Cover Protocol offers a liquidity mining program, where users can provide liquidity and earn rewards in return. The protocol has undergone updates and changes over time, including the launch of Cover Protocol V2 and the introduction of new coverage pools for various blue-chip protocols.
What makes Cover Protocol unique?
Cover Protocol is unique compared to other cryptocurrencies because it focuses on providing coverage for smart contract risks. It allows users to purchase coverage (CLAIM tokens) for potential vulnerabilities or exploits in underlying risks. When an accepted exploit occurs, users can redeem their CLAIM tokens for collateral. This customizable approach to risk coverage sets Cover Protocol apart from other cryptocurrencies that primarily focus on trading or speculative functions. Additionally, Cover Protocol has implemented liquidity mining programs and offers coverage for popular blue-chip protocols, further enhancing its unique value proposition in the crypto space.