OpenCover Overview
- What is OpenCover?
OpenCover aims to democratize DeFi insurance by providing standardized and unbiased industry data to mitigate DeFi risks, making it safe and accessible to everyone.
- Main Features
- Cross-chain and multi-protocol protectionAffordable coverage starting at $1.14 per weekEasy and user-friendly platformStrong underwriting partnersAssistance and support to customers
Frequently asked questions
OpenCover protects against protocol risk, including hacks, oracle manipulation, and governance attacks in the decentralized finance (DeFi) space. It provides cover products that shield your onchain portfolio against these risks. Additionally, OpenCover offers self-custodial options for purchasing, renewing, and claiming cover, as well as a custodial option for newcomers to the Web3 ecosystem.
The cost of coverage depends on the specific cover product and the amount of coverage desired.
The underwriting partners of OpenCover are UnoRe, Neptune Mutual, and Ease.
No, KYC (Know Your Customer) is not required to use OpenCover.
OpenCover can protect portfolios that are exposed to protocol hacks, oracle manipulation, and governance attacks in the decentralized finance (DeFi) space. It offers cover products that can be used to shield onchain portfolios across various leading protocols, including Curve, Uniswap, and Aave. OpenCover provides easy and affordable options for purchasing and renewing cover, with premiums starting at $1.14 per week for $5,000 of coverage.
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