Policyholders
Protect your DeFi positions with on-chain insurance
TL;DR: Buy a coverage NFT → Hold it in your wallet → If something goes wrong, file a claim and the protocol pays through its on-chain liquidity waterfall.
LayerCover policies are transferable NFTs that entitle the holder to a payout when a covered event occurs. Launch pools settle claims through deterministic on-chain rules and the protocol's liquidity waterfall.
Coverage Types
How It Works
- Browse - Find a coverage pool for the protocol or asset you want to protect
- Purchase - Pay a fixed upfront premium and receive a Policy NFT in your wallet
- Hold - Your coverage is active for the full policy term
- Claim - If a covered event occurs, transfer your distressed asset and receive as much of the payout as current liquidity allows
Key Facts
| Feature | Detail |
|---|---|
| Policy Format | Transferable ERC-721 NFT |
| Pricing | Fixed rate, paid upfront - no streaming |
| Claim Speed | Same-transaction execution against the payout waterfall |
| Cooldown | 7-day window before first claim eligibility |
| Cancellation | Pro-rata refund of unused premium |
| Coverage Terms | Fixed-term durations, configurable per pool |