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24101115 No.24101115 [Reply] [Original]

Provide insurance to quality protocols. Make bank while doing it.

>> No.24101279

Is there any risks? Can I withdraw the liquidity at any moment or that is for a term?

>> No.24101289

>>24101115
what's the address

>> No.24101323

>>24101289
https://www.coverprotocol.com/

>> No.24101438

>>24101323
looks interesting, thanks. Going to take some time to analyze the security risks.

>> No.24101609

how about the cover token itself? is it a good hold?

>> No.24102217

>>24101609
This is insurance with no KYC. One of the three protocols that even provide insurance to DeFi. I hold all of them because it’s badly needed

>> No.24102420

>>24101279
There are risks yes. There could be a claim on the protocol. There is also impermanent loss from providing liquidity so people can draw from the claim pool

>> No.24102474

>>24102217
Do you think we could see nexus mutual levels of market cap in the future?

>> No.24103037

>>24102420
where do i buy? i staked some on pickle or whatever and i got CLAIM and UNCLAIM tokens? literally no idea wtf im doing

>> No.24103043

>>24102474
That’s why I’m invested yes. I think the APY will draw people in, as will the fact that there’s no KYC required.

Insurance is an absolute necessity for DeFi, as we have seen from harvest, akropolis, BZX, and now Value. I actually think insurance is as important as decentralized oracles. This is still a growing field, and there are amazing opportunities right now.

>> No.24103080

>>24103037
Go to the discord. The devs are live on it right now answering questions.

For now just buy COVER and DAI (98/2) and get ready to provide liquidity to shield mine

>> No.24103114
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24103114

>>24102217
other 2?
could be a good product. buy this image is worrying

>> No.24103124

>>24103114
That graph is incorrect now I believe

>> No.24103149
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24103149

>>24103114
This is the revised tokenomics. Much better

>> No.24103216

>>24103149
yep. how about the other 2 :)?
>dyor faggot

>> No.24103322

>>24103216
What do you mean by “other 2”

>> No.24103398

>>24103216
Oh you mean the other 2 insurance protocols.

Nexus Mutual - industry standard, but requires KYC and there’s a lot of restrictions.

nSure - no KYC, great dAPP, but the APY isn’t as good as Cover currently

UNION - upcoming. Could be good but it will probably dump hard because people got in anywhere from 10x - 50x under the final public sale price

>> No.24103423

I hold equal amounts of all three currently. I’ll probably get union too after it dumps.

>> No.24103548

what is ICO price?

>> No.24103681

>>24103548
I believe the original SAFE debuted at 500. So COVER is still under that price.

>> No.24103782

>>24103681
SAFE and COVER are related?

>> No.24103853

>>24103782
They are migrating safe2 to cover?

>> No.24103919

>>24103398
how do you get into presales? its literally free money

>> No.24104318

>>24103782
SAFE migrated to SAFE2 which migrated to cover. Just buy Cover now.

>> No.24104337

>>24103919
I can’t because I’m a burger. I wish I could.

>> No.24104420

>>24101115
Andre's insurance shitcoin? No thank you. I'll be heavily messing with Union instead. Sleeper hit.

>> No.24104721

>>24104420
Union is a sleeper hit? Presale tokens were sold at 0.0075 and final public sale is 0.5. That’s a 66x. THATS the actual no thank you.

However I will buy union after it dumps from 0.5 back to 0.01 or so.

>> No.24104748
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24104748

Should have posted a pic of union presale. Beware the union shillers biz. They want to dump their coins on you.