OpenCover
The easy blockchain insurance alternative
Listed in categories:
TechBlockchainWeb3
Description
OpenCover makes it easy and affordable to protect your portfolio against leading onchain risks. Get cover against smart contract hacks, oracle failures, and more from vetted onchain underwriters.
How to use OpenCover?
To use OpenCover, simply select the coverage amount you need, choose your preferred underwriter, and purchase the insurance through the platform. Renewals are made easy with straightforward options available.
Core features of OpenCover:
1️⃣
Affordable premiums starting at $2 per week for $5,000 of coverage
2️⃣
Coverage against smart contract hacks and oracle manipulation
3️⃣
Support for 100 leading protocols and protocol combinations
4️⃣
Easy purchasing and renewing of cover
5️⃣
Access to bespoke protection options for organizations
Why could be used OpenCover?
| # | Use case | Status | |
|---|---|---|---|
| # 1 | Individual investors seeking to protect their crypto portfolios | ✅ | |
| # 2 | Organizations looking for tailored onchain insurance solutions | ✅ | |
| # 3 | Users wanting peace of mind against economic events in DeFi | ✅ | |
Who developed OpenCover?
OpenCover is backed by visionary investors and advisors, including some of the world's most successful entrepreneurs. The company aims to make onchain safety accessible to all, supported by a network of leading venture firms and accelerators in the Web3 space.