COVER Protocol provides peer to peer coverage with fungible tokens. It allows DeFi users to be protected against smart contract risk and lets the market set coverage prices as opposed to a bonding curve.

Cover Protocol was founded by Alan, one of the co-founders of SAFE. As the initial launch of SAFE was immature, the team rebuilt the protocol from scratch and rebranded it as COVER.

COVER Protocol allows DeFi users to protect against smart contract risk. It stabilizes the turbulent DeFi space by instilling confidence and trust between protocols and their users. At the core of Cover Protocol are the fungible cover tokens. Fungible cover tokens are created when a user deposits collateral into a Cover smart contract. Each Cover contract specifies the protocol to be covered (ie Curve), the preferred collateral (ie DAI), the amount to deposit, and then the expiration date of coverage.

The fungible cover tokens are maintained on a 1:1 basis with their collateral. For each DAI deposited, the user receives 2 tokens, a CLAIM token, and a NOCLAIM token. The NOCLAIM token represents rights to receive the deposited collateral in the event that a claim payout is NOT awarded during the designated coverage period. The CLAIM token represents a right to receive the deposited collateral (or a fraction thereof) in the event that a claim payout is awarded by the claims management process.

The Cover protocol is working same like Stack the crypto on the profitble assets, But some difference is happening with it to make away from future’s loss on the smart contract of Ethereum Blockchain.

The Cover protocol creates a two kind of coverage fungible coverage token to CLAIM and NOCLAIM token to the rewards options to keep away from the future loss.

How to Buy Cover Protocol token?

If you would like to know where to buy COVER Protocol, the top exchanges for trading in COVER Protocol are currently Binance, OKEx, BKEX, Gate.io, and Pionex. You can find others listed on our crypto exchanges page. COVER Protocol (COVER) is a cryptocurrency and operates on the Ethereum platform. Mostly the Cover protocol is offering for Ethereum users and if your are have an other blockchain contracts then make a ethereum blockchain address to creat an CLAIM and NOCLAIM token for long time savings ratio for ETH Blockchain users.

COVER protocol (COVER) will stabilizes the turbulent DeFi space by instilling confidence and trust between protocols and their users. The NFT, Altoins, Shitcoins, votality fungible tokens will improve their long term ratio to stable the market coverage stable set a price of curretly in-loss or future be in-loss to cover all the investment from crypto to crypto and peer to peer transaction mode.