Mechanics

On-chain coverage, settled by oracle.

Two roles transact in a market the protocol seeds with treasury liquidity. Run a scenario to walk through a full cover term in 30 seconds. State machine, event stream, and oracle settlement all update live.

Pool
Verdict Cover · USDC
Status
Active
Maturity
30d 0h 0m 0s
Protocol rating
— unseeded
Implied hack prob
—
Vault TVL
0.00 USDC
Scenarios
EXPIRY
Policy expires clean
The 95% case for an AAA-rated protocol. No incident. Alice keeps the premium; Bob's cover expires worthless.
INCIDENT
Hack confirmed — full payout
The 5% case. An exploit is confirmed. Bob is paid out 20× his premium; Alice's underwriting takes the loss.
INCIDENT
Partial hack — 30% payout
An exploit affects only part of the protected exposure. Settlement pays 30% to coverage holders; the underwriter recovers the rest.
Time controls
Pool lifecycle
Live state machine — animates as on-chain events arrive.
Service layer
CRE
monitoring
Chainlink Runtime Environment
watching protected protocol
UMA
idle
Optimistic Oracle
no active assertion
Cover market
Verdict Cover seeds the pool first.
Alice — Coverage Provider

Posts collateral and offers cover. Earns the premium up front. Pays out if a claim is confirmed; keeps the capital if it isn't.

Bob — Coverage Seeker

Pays a premium for protection. Receives a payout if a hack is confirmed before maturity; otherwise the premium is the cost of insurance.

Live event feed
0 events
No events yet — run a scenario.