Yearn Merges With Cover to Make DeFi Safer
After a series of flash loan attacks where DeFi protocols lost $100M in damages, Yearn acquired Cover Protocol to provide decentralized insurance. The project pays out claims from exploits or certain attacks on smart contracts, using a the Snapshot voting tool to decide coverage. The claim will move to its Claim Validity Committee (CVC) to…
By: Sydney Lai •
DeFiAfter a series of flash loan attacks where DeFi protocols lost $100M in damages, Yearn acquired Cover Protocol to provide decentralized insurance. The project pays out claims from exploits or certain attacks on smart contracts, using a the Snapshot voting tool to decide coverage. The claim will move to its Claim Validity Committee (CVC) to…
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