Who pays
when it burns?
On-chain cover promises protection against hacks and failures. Whether it delivers depends on wording, capital, claims processes and governance. We dissect one provider at a time: what is covered, who decides, and which risks the buyer keeps. Facts, not advice.
See all analyses ranked by score →Analysed providers
Transparent, battle-tested, well capitalised relative to active cover. The structural weakness is legal: payout is a discretionary member decision, not an enforceable claim.
A narrow but transparently framed product. The dispute process with UMA escalation is a distinctive design and the Euler payout is a documented track record. On the other side, coverage is capped at $500k, terms are private per engagement, and Sherlock states that neither payment nor availability of funds is guaranteed.
In preparation
The methodology
Every provider is assessed with the same model: the Assecura Score, 0 to 100 points across seven categories. Facts, provider statements and our own judgements are kept apart, every material claim is sourced, and anything we cannot verify is labelled as such instead of being estimated. Each analysis is a snapshot with a visible date.
The score is an opinion based on public sources, not a probability of payout and not a guarantee. No legal, investment or insurance advice.