Cover is an Android and iOS mobile application that allows its users to insure anything by taking a picture of what they need to insure. It partners with many insurance companies and brokers to provide its users with the best available rates. The application allows its users to insure vehicles, mobile phones, pets, jewelry, houses, boats, tours, and more.
ShapeShift has identified two unaffiliated projects as promising DeFi insurance protocols.
The relationship is "c-over" between Yearn Finance and Cover, an emotional split related to a new protocol from Cover developers.
Ethereum broke the $200 billion market cap mark, surpassing secular companies such as Novartis and AT&T.
Cover Protocol will distribute new "coins" to token holders as Binance announces compensation for affected traders.
Defi insurer Cover Protocol, designed to reduce smart contract failure risks, was exploited by a bug in its smart contract on Monday morning.
Cover Protocol announced plan to launch a new COVER token via a snapshot before the hacker exploited a bug in its protocol.
Cover, the peer-to-peer coverage market, is the latest DeFi project to suffer an attack.