DeFi Cover Protocol Introduces Version V2 DeFi Cover Proto | Top DeFi

DeFi Cover Protocol Introduces Version V2

DeFi Cover Protocol has published a document announcing the launch of version V2 and the addition of blue pools.

Users can now provide and purchase insurance for the following blue chip protocols through the CoverRules order book, including CURVE, YEARN, BANCOR, AAVE, COMPOUND, BALANCER, UNISWAP.

DAI will be used as an auxiliary token to cover the mincing and as a payout token in the event of an accepted claim.

Reportedly, coverage providers will be able to create it in the Cover app and sell coverage (CLAIM tokens) in CoverRules order books to increase your profits and control risk.

"You can redeem all CLAIM and NOCLAIM tokens with zero redemption/deployment fees for this pool," it says.