This Protocol Cover protects against a loss of funds due to
Exploits or hacks of smart contracts
Critical oracle failures, major liquidation issues, or governance attacks
Losses due to slashing on the underlying networks
This Protocol Cover excludes certain events, including but not limited to
Losses from the depegging of wstETH
Losses due to bridge infrastructure
Losses due to compromised websites with no impact on the protocol
Deductible
5% of the Cover Amount
Claims filing
Claims can only be created on the chain your cover was minted on
Proof of loss is required when you submit your claim
If your coverage was active during the loss event, you have up to 15 days after the coverage period ends to file a claim
This cover is not an insurance contract. Coverage is provided on discretionary basis, with the relevant arbitration court having the final authority on claim approvals. Read the full cover details here.