Armor
  • Armor.fi Living Documentation
  • Disclaimer / Terms
  • Roadmap
  • ArCore: Features and Highlights
    • A True Smart Cover Solution
      • Pay As You Grow and Only Pay What You Owe
      • Simplified Payments
      • KYC-less and Permissionless
    • Coverage Solutions Aggregator
    • Rewarding Governance
  • Products: ARMOR V1 Suite
    • Ecosystem Summary
      • Rewards Summary
      • Model Constants
    • arNXM: Yield Vault
      • Armor Treasury Reserve
      • Staking Guide
    • arNFT: Tokenized Coverage
      • Staking Guide
    • arCore: Smart Cover System
      • Covered Protocols
    • ArmorDAO: Hybrid Decentralization
  • Armor V2 Suite
    • vArmor Vault
    • arShield: Armored Shield Vaults
      • Staking Guide
  • arPro
  • BSC integration
  • $ARMOR Token
    • Tokenomics
    • Functions and Governance
    • Revenue Model
    • Aligned Incentives
    • Liquidity and User Rewards
      • Launch Schedule
      • Rewards Allocations
    • Risks Breakdown
  • FAQ
    • What is Armor?
    • Why Do I Need Armor?
    • How Does Armor Provide Cover?
    • What is arNFT?
    • What is arNXM?
    • How Do I Buy Armor Cover?
    • How Do I Sell Armor Cover?
    • Competitive Differences
  • Community Resources
    • Announcements
    • Telegram
    • Discord
    • Feature Requests
    • Medium
  • developer resources
    • Audits
    • Github Repos
    • Bug Bounties
      • Immunefi Bug Bounty
      • Armor Big Bounty Program
  • Media Resources
    • About
    • Slide Deck
    • Market Information
    • Brand / Logo / Token
    • Blog
    • Mentions
    • Contact / Inquiries
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  1. FAQ

What is Armor?

Armor is a protocol that allows users to protect funds held on a variety of DeFi (Decentralized Finance) protocols in the case of hacks in an easy, self-adjusting, pay-as-you-go manner.

Our system detects any changes in your balance on supported protocols and prompts you to adjust your plans accordingly.

You are billed by the second for the exact amounts protected on each protocol so you'll never pay any more than necessary.

If a platform you hold funds on is hacked, and your claim is approved, you will be fully compensated for losses as per Nexus Mutual policies.

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Last updated 4 years ago