Cover Protocol

Convergence

Mushrooms Finance

Learn which DeFi derivatives projects have already made the leap to Ethereum's layer-two (L2) scaling solutions!

Top DeFi derivatives projects on L2s : you've got (fast and cheap) options

DeFi Pulse monitors each protocol&#039;s underlying smart contracts on the Ethereum blockchain.

Defi Pulse Blog

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Top DeFi derivatives projects on L2s

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William Peaster

DeFi is the future of TradFi! Learn how AMMs are the latest big advance in the history of derivatives markets.

AMMs: a milestone in the history of derivatives markets - DeFi 101 series

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AMMs: a milestone in the history of derivatives markets

What's the difference between leverage and derivatives? How does that apply to cryptocurrencies? Learn which strategy is more suitable to you!

Crypto leverage vs. crypto derivatives

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The crypto derivatives industry is among the fastest growing sectors in the cryptoeconomy.  These financial instruments, which help traders flexibly...

DeFi derivatives: on the challenges of overtaking the CEX market

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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.

Total Value Locked		24H
in USD	$816.6K	-0.2%
in ETH	412	+2.7%
in BTC	28	+2.9%
DAI Locked	815.75K DAI	+4.8
% Supply Locked	< 0.01%
Blockchain	Ethereum
Most Locked	$DAI
Protocol Token	$COVER

Cover Protocol

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