ExploitCover
Absorbs smart-contract exploit losses across integrated protocols.
Pool TVL
$3.12M
Active
410
Triggered
2
Base APR
5.4%
How this cover triggers
Watches a protocol's vault balances and withdrawal velocity each slot.
When TVL falls past the configured drawdown band while outflow spikes, the cover engine arms and the resolver settles automatically.
Loss ratio is computed from pre-event TVL versus post-event TVL, bounded by the cover limit a holder selected.
Trigger
Sharp TVL drawdown paired with abnormal withdrawal patterns.
Oracle
Pyth price feeds + on-chain TVL feed
Payout
Pro-rata to the measured exploit loss ratio.
Parameters
- Trigger window
- rolling 16 slots
- Drawdown band
- configurable 12% – 40%
- Settlement
- auto, oracle-resolved
- Reference
- Nexus Mutual smart-contract cover
Backtest
Mango Markets exploit (2022)
Oracle-manipulation exploit drained the protocol treasury. A TVL-drawdown trigger would have armed within the same block window.
ExploitCover auto-triggered (simulation)