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
Powered by GitBook
On this page
  1. FAQ

Why Do I Need Armor?

DeFi applications are the most attractive targets to hackers that have ever existed.

The (largely open-source) software can give hackers instant, very large, payouts that can easily be made untraceable.

We've seen enormous hacks on many different protocols and have been made painfully aware that users need the most protection possible.

Armor ensures -- in the easiest manner to date -- that any funds a user held on a hacked platform will be fully repaid so their funds are never at any risk.

PreviousWhat is Armor?NextHow Does Armor Provide Cover?

Last updated 4 years ago