Overview
Centuari provides multiple layers of insurance to protect users from losses due to smart contract failures or extreme market conditions.82% of surveyed users cite fear of scams and hacks as a top barrier to DeFi adoption. Insurance directly addresses this concern.
Protocol Insurance Fund
How It Works
A reserve fund that covers:- Bad debt from liquidations
- Shortfalls from oracle failures
- Smart contract exploit losses (partial)
Fund Details
| Parameter | Value |
|---|---|
| Target Size | 5% of TVL |
| Funding Source | 10% of protocol revenue |
| Current Size | $X.XX M |
| Coverage Priority | Small users first |
Claim Process
Smart Contract Coverage
Nexus Mutual Integration
Users can purchase coverage for smart contract failures:| Coverage | Premium (est.) | Provider |
|---|---|---|
| $10,000 | ~0.5% annually | Nexus Mutual |
| $100,000 | ~0.5% annually | Nexus Mutual |
| $1,000,000+ | Custom | Various |
How to Purchase
Visit Nexus Mutual
Go to nexusmutual.io
Coverage Comparison
| Scenario | Protocol Fund | External Insurance |
|---|---|---|
| Smart contract hack | Partial | Full |
| Liquidation shortfall | Full | No |
| Oracle failure | Full | Varies |
| User error | No | No |
| Market crash | No | No |
What’s Not Covered
- Normal market losses
- Liquidation due to collateral price drop
- User mistakes (wrong address, etc.)
- Losses on external protocols (via Yield Router)
- Phishing or wallet compromise
Claims History
| Date | Event | Amount | Resolution |
|---|---|---|---|
| None | - | - | - |
FAQs
Is my deposit automatically insured?
Is my deposit automatically insured?
Protocol insurance fund provides baseline protection. For additional coverage, purchase external insurance.
What if the insurance fund is depleted?
What if the insurance fund is depleted?
Governance can approve emergency token issuance to recapitalize. This is a last resort.
How do I file a claim?
How do I file a claim?
Claims are processed through governance. Protocol fund claims are automatic when eligible. External insurance claims go through the insurance provider.