Introduction
Get up and running with LayerCover
Welcome to LayerCover
LayerCover is a fully on-chain cover protocol inspired by the Lloyd's of London marketplace. It replaces traditional insurance carriers with smart contracts that coordinate risk, capital, and claims - all transparently and without intermediaries.
Policyholders
Purchase coverage for your DeFi positions. Protect stablecoins and vault shares.
💰Underwriters
Provide capital to earn dual yields from premiums and DeFi strategies, managed via Syndicates.
💻Developers
Integrate LayerCover into your dApp with our SDK - as simple as 3 lines of code.
Choose Your Path
Non-Custodial
You retain full control of your assets until a claim event
Transparent Claims
Claims settle on-chain through deterministic policy and payout rules
Capital-Efficient
Single-sided liquidity across independent risk pools with built-in leverage controls
Fixed-Rate Pricing
Lock in exact costs upfront through an intent-based RFQ marketplace
The Lloyd's Model, On-Chain
The global insurance industry has for centuries operated through marketplace models like Lloyd's of London, where networks of syndicates provide capital to cover specific risks. DeFi needs an equivalent - protocol hacks, smart contract failures, and oracle exploits have caused billions in losses, yet the vast majority of on-chain capital remains uninsured.
LayerCover addresses this gap by combining modular risk assessment, flexible capital reuse, and on-chain salvage rights into a capital-efficient alternative to mutualised risk pool designs.
Ready to dive in? Start with Policyholders, Underwriters, or the Protocol Deep Dive.