Your keys, your coins, your risk.
Welcome to OpenCover, the #1 source for DeFi cover data, news and insights. Compare cover providers to derisk your portfolio for free.
UnoRe
UnoRe is a risk management marketplace where participants can purchase DeFi cover and/or supply protection capital. Launched in 2021, UnoRe offers 50+ cover products to protect against protocol, stablecoin de-peg and validator risks.
Total Value Locked
Total Value Locked
Active Cover Amount
Covers sold
Claims
Payouts
UnoRe covers?
Protocol Cover
Protection against losses resulting from the use of a DeFi protocol such as smart contract exploits and/or hacks, economic design failure, attacks leveraging oracle data manipulation and governance attacks (malicious players gaining enough voting power to reshape protocol rules that leads to a loss of funds).
Stablecoin Depeg Cover
Protection against losses resulting from a stablecoin (e.g. USDT, DAI) losing the peg to its target fiat currency (e.g. USD). Typically this offers protection against the market price of a stablecoin deviating from its target value by more than a pre-specified threshold.
Audit Cover (B2B)
Protection against losses resulting from technical faults of smart contract code that should have been detected during audit.
UnoRe claims process?
UnoRe determines claim validity as per the Terms and Conditions of their cover. The typical time frame for a valid claim payout is under 3 days.
Submitting a claim
Claims may be submitted after a fund loss event using the UnoRe dApp.
When submitting a claim, the claimant must provide:
- Their ERC-20 wallet address.
- The time of the loss event.
- An estimated amount of funds lost.
- A short description about the reason of the claim.
- The time of the loss event.
- An email address for further contact, if needed.
UnoRe claim assessment
Immediately after a claim is submitted, UnoRe Claims Assessors review the proof(s) of loss and determine whether the claim is valid according to the Terms and Conditions of the cover purchased.
Who are the Claims Assessors?
The Claim Assessors are the security team of UnoRe.
What happens if a customer is unsatisfied with the outcome of a claim?
The cover Terms and Conditions are defined at point of purchase and provide clarity and transparency into the process. If a customer believes an error has occured with respect to their claim, they are invited to contact UnoRe.
UnoRe risk management?
UnoRe's business development and risk management teams determine what cover to provide based upon the needs of the DeFi market with cover fees determined by risk tolerance and other market factors.
UnoRe source of underwriting capital?
UnoRe's underwriting capital is held within it's dApp's smart contract. No underwriting capital is invested in third-party applications.
The underwriting capital is derived from two pools:
- A risk pool where liquidity providers can invest in exchange for yield.
- An earnings pool collected from the cover premiums paid by customers.
Funds for imbursement primarly stems from the earnings pool and falls back to the risk pool only when necessary.
