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Cover Protocol
COVER Cover Protocol thumbnail icon

$175.550 USD

0.00409654 BTC

0.05991825 ETH

Market CapTotal Value LockedDominanceMcap TVL Ratio
$14380458 USD$796937 USD0.00 %0.050

About Token Cover Protocol thumbnail icon

Cover Protocol is a peer-to-peer insurance market, where the way it operates is more similar to prediction market. Unlike other insurance protocols, the governance token is not used for underwriting risk.  To bootstrap coverage for a new protocol, market makers will need to be incentivized to stake collateral of DAI/yDAI to mint CLAIM and NOCLAIM tokens. All series covers a specified protocol and have a specified expiry date. During the expiry date, either CLAIM or NOCLAIM will have the full claim to the collaterals.  For example, if 100 DAI is used to provide coverage for Compound protocol until an expiry date, it will yield 100 CLAIM and 100 NOCLAIM tokens. On the expiry date, if there is a valid claim event, every CLAIM token will receive 1 DAI while NOCLAIM token will expire worthless. The converse is true if there is no valid claim event. In this case, every NOCLAIM token will receive 1 DAI while CLAIM token will expire worthless.

Coin Statistics

Price$175.550
Price Change % 24H-13.401%
24H High$207.380
24H Low$168.980
Market Rank923
Market Cap$14380458
Market Change 24H-1571439.353%
Market Change 24H %-9.851%
Circulating Supply79179 cover
Total Supply82000 cover
Total Value Locked$796937 USD
Dominance$0.00 USD
Mcap TVL Ratio0.050
All Time High$1687.110
All Time High Change %$-89.228%
All Time High Date2021-02-17T00:11:40.000Z

Coin Scores

mkt_cap_rank923
coingecko_rank757
coingecko_score24.505
developer_score0.000
community_score8.428
liquidity_score52.605
public_interest_score0.000
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