Cover Protocol v2 announced The developer of the decentrali | DEFI WORLD

Cover Protocol v2 announced

The developer of the decentralized insurance coverage platform Cover Protocol announced in a tweet an update, which will include additional improved coverage options such as repositories or pools of certain protocols, as well as the ability to access multiple protocols with a single token.

It is also reported that Cover Protocol is already integrated with Yearn, making it easy to access DeFi coverage without using KYC. CLAIM tokens for each protocol have their own individual AMM pool and can be redeemed for the underlying DAI provision if a loss occurs and is confirmed by management.

As of this writing, COVER tokens are valued at only $357 (with a market capitalization of $23 million), despite a fixed capitalization change of 70000 tokens.