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$15.82
Low $15.12
High $16.4
What is Cover Protocol?
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 n...
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.
Tags
Funds
Influencers
CoinScouts Grade
4Market Statistics
Volume
$265,344.00
Market Cap
$1,255,224.00
Fully Diluted
$1,297,240.00
Market cap Value
21.14 %
Circulating Supply
79,179
Max Supply
82,000
Total Supply
82,000
% of Max Supply
(96.56%)Statistics
Cover Protocol Statistics
Name
Cover ProtocolTicker
COVERPrice
$15.8224 Hour Trading Volume
$265,344.0024 Hour Volume Change
2.98%Market cap
$1,255,224.0024 Hour Market Cap Change
-2.82%Fully Diluted Market Cap
$1,297,240.00Price change 24 hour
1.66%Price change 7 days
-2.82%Price change 14 days
13.74%Price change 30 days
-22.01%All Time Low/High
$8.4 | $1,687.11Percentage Change Since All Time High
-99.06%Percentage Change Since All Time Low
89.54%Market cap rank
#1733Volume / Market Cap
0.21139Issuance Blockchain
EthereumCirculating Supply
79,179 (96.56%)Max Supply
82,000Total Supply
82,00024h Volatility
$0.92Twitter Followers
21,681Telegram Users
2,729Reddit Subscribers
0Github subs
0Github issues
0Cover Protocol Markets
Upcoming Cover Protocol Events
No upcoming events for Cover Protocol known.
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Cover Protocol News
Neptune Mutual Completes Strategic Round to Build Decentralized Cover Protocol for the Metaverse
[PRESS RELEASE – Please Read Disclaimer] Neptune Mutual, a multi-chain decentralized cover protocol, announced that it has raised a $3M strategic round led by Animoca Brands. Other investors in this round also ...Read full story
y CryptoPotato
Last updated 11 months ago
Bullish
Neptune Mutual Completes Strategic Round to Build Decentralized Cover Protocol for the Metaverse
[PRESS RELEASE – Please Read Disclaimer] Neptune Mutual, a multi-chain decentralized cover protocol, announced that it has raised a $3M strategic round led by Animoca Brands. Other investors in this round also ... Read full story
By CryptoPotato | Last updated 11 months ago |
Bullish