Updated on May 7, 2022, UTC Andre Cronje left the project on April 3rd, 2022. The project is continued by the other team members. Contents Introduction (KP3R, vKP3R, rKP3R, oKP3R, Keep3r, Fixed Forex) Official resources link How to redeem rKP3R, will it expire? Why is my vKP3R decreasing? What is…

$KP3R is the token of keep3r.network, a project of Andre Cronje , founder of famous blue chip DeFi project Yearn.

Andre Cronje, founder of Yearn.finance (Yearn is a blue chip DeFi project), has been working on four projects in the past year. The four projects are keep3r ($KP3R), option liquidity mining, v3 liquidity incentives and FixedForex.fi ($IBFF). Refer to Andre’s article for details, or refer to vKP3R 101 for a…

$COVER hack recap and trading data Cover was hacked on 12/28/2020 at time of 8:11:06 AM (UTC) ,a huge amount of $COVER was minted. Binance stopped trading over four hours later at 12:40 PM (UTC). Cover team made an announcement over one hour later (2:06 PM UTC).Binance …

Only two parties won’t make P2P coverage a success. Should introduce market makers. Introduction What is $COVER $COVER is the governance token of Cover Protocol, a peer to peer DeFi insurance platform. One can provide insurance for crypto assets or DeFi platforms by ultilising the protocol. Of course one can also buy coverage there…

Only 0.66% of DeFi is covered, one major problem is capital efficiency of DeFi insurance protocols. Current insurance protocols covers DeFi protocols as a whole (Nexus Mutual, Cover Protocol) ,but this should not be the case. This makes premium too high for potential coverage buyers(14% premium in the case of…

2% premium should be fair for blue-chip DeFi project, 2.6% for average projects — How much are you expected to lose if you are in DeFi? Let’s consider hacks/exploits in the whole year of 2020. And to make thing simple, we only consider major ones. There were 20 hacks/exploits through 2020, causing a total loss of $24m. TVL (Total Locked Value) by end of 2020 is $11576m. To make things simple,we consider Alice as the only…

How to make DeFi insurance a success in the booming of crypto? TL;DR Insurace protocols should provide their limited rewards for top DEX coverages. Coverage should be based on products of DeFi protocols, not protocols as a whole. Make insurance easy. No KYC, easier understanding. Do some marketing. DeFi overview With crypto and…

Updated on Nov. 12, 2021. Please note that this program has been stopped and will not resume again. Why mining $COVER? Liquidity minging programs in AMM generaly enjoy impermanent loss. But when mining $COVER, you sleep well without worrying about it. But why? $COVER mining is based on order books rather than AMM…