A True Smart Cover Solution

Limitations of Nexus Mutual coverage:

• KYC required

• Coverage cannot be refunded or resold

• Coverage has to be purchased separately for each protocol, for set pre-specified amounts

• Coverage once purchased cannot be modified

The baby step

NFTs tokenized coverage which removed KYC requirements and opened a secondary marketplace to resell coverage to possible buyers. However, it is still clunky UX and has the same remaining limitations as Nexus mutual.

The ARMOR Leap

Armor provides a true smart coverage solution for dynamic coverage of user funds across various DeFi protocols. Armor automatically tracks user funds as they move across protocols in real time, and allocates exact amounts of coverage so that your funds are always protected. What's more, you only pay for the coverage amount you used, and for the time you used it for.