Cover Protocol
Cover(used to be called SAFE) is a peer-to-peer coverage market. Cover's insurance operation mechanism adopts a dual-token model, and sets the insurance price through bond curve model. The dual-token includes CLAIM and NOCLAIM tokens on the Cover insurance market. 1CLAIM token+1NOCLAIM token≈1 collateral, if a claim occurs, 1CLAIM token ≈1 collateral, and 1NOCLAIM token=0;If no claim occurs due to maturity, 1NOCLAIM≈1 collateral, and 1CLAIM token=0. COVER is its governance token, which can be obtained by purchasing insurance.
Cover(used to be called SAFE) is a peer-to-peer coverage market. Cover's insurance operation mechanism adopts a dual-token model, and sets the insurance price through bond curve model. The dual-token includes CLAIM and NOCLAIM tokens on the Cover insurance market. 1CLAIM token+1NOCLAIM token≈1 collateral, if a claim occurs, 1CLAIM token ≈1 collateral, and 1NOCLAIM token=0;If no claim occurs due to maturity, 1NOCLAIM≈1 collateral, and 1CLAIM token=0. COVER is its governance token, which can be obtained by purchasing insurance.
