Meet the Cozy v2 protocol, a protection marketplace for on-chain yield seekers. Now live on Optimism.
Hedge against risks like smart contract hacks by purchasing protection, or earn yields by providing protection. Don’t see the market you’re looking for? You can use the protocol to create markets yourself. Cozy v2 has the right market, at the right price, at any time.
If you’re a staker, lender, LP, or earning on-chain yield some other way, buying protection on Cozy can help protect your principle from tail risks like the billions of dollars lost in smart contract hacks every year.
Or if you’re a more advanced yield seeker comfortable with underwriting your own risks, providing protection on Cozy can help you earn high risk-adjusted yields.
Other venues for protection suffer from restrictive designs for price, payout, and risk management. Cozy v2 is designed with the philosophy that the best results come from permissionless creation and market forces. Anyone can create a basket of risk with markets that determine price and payout logic as they see fit, increasing the likelihood that a user finds the protection they need.
Key features include permissionless creation of markets, predictable and automatic payouts, programmatic pricing, and high levels of capital efficiency.
You can create markets that cover anything--whether that’s depegs, hacks, custodian risk, or something else entirely. No gate-keepers here.
Buy protection on Cozy v2 and get paid out transparently and automatically, without an opaque claims process.
Pay a fair price, set by programmatic price discovery.
Earn higher yields for providing protection and pay lower prices for buying protection with Cozy v2’s capital efficient design.
Cozy v2 is live on Optimism in a guarded launch.
Over the next few weeks, we will publish more in depth explorations for each aspect of the protocol. Follow on twitter and subscribe to the blog to be the first to read.
Disclaimers: Investing in DeFi protocols and assets carries inherent risks. This guide is for informational purposes only and not financial, investment or other advice. Please refer to specific market terms to learn more about coverages and risks. Always do your own research and consult a financial professional before making investment decisions. This material and the Cozy protocol are not intended for use by US persons. Any yields and other figures represented in this document are estimates and are not guaranteed.
Meet the Cozy v2 protocol, a protection marketplace for on-chain yield seekers. Now live on Optimism.
Hedge against risks like smart contract hacks by purchasing protection, or earn yields by providing protection. Don’t see the market you’re looking for? You can use the protocol to create markets yourself. Cozy v2 has the right market, at the right price, at any time.
If you’re a staker, lender, LP, or earning on-chain yield some other way, buying protection on Cozy can help protect your principle from tail risks like the billions of dollars lost in smart contract hacks every year.
Or if you’re a more advanced yield seeker comfortable with underwriting your own risks, providing protection on Cozy can help you earn high risk-adjusted yields.
Other venues for protection suffer from restrictive designs for price, payout, and risk management. Cozy v2 is designed with the philosophy that the best results come from permissionless creation and market forces. Anyone can create a basket of risk with markets that determine price and payout logic as they see fit, increasing the likelihood that a user finds the protection they need.
Key features include permissionless creation of markets, predictable and automatic payouts, programmatic pricing, and high levels of capital efficiency.
You can create markets that cover anything--whether that’s depegs, hacks, custodian risk, or something else entirely. No gate-keepers here.
Buy protection on Cozy v2 and get paid out transparently and automatically, without an opaque claims process.
Pay a fair price, set by programmatic price discovery.
Earn higher yields for providing protection and pay lower prices for buying protection with Cozy v2’s capital efficient design.
Cozy v2 is live on Optimism in a guarded launch.
Over the next few weeks, we will publish more in depth explorations for each aspect of the protocol. Follow on twitter and subscribe to the blog to be the first to read.
Disclaimers: Investing in DeFi protocols and assets carries inherent risks. This guide is for informational purposes only and not financial, investment or other advice. Please refer to specific market terms to learn more about coverages and risks. Always do your own research and consult a financial professional before making investment decisions. This material and the Cozy protocol are not intended for use by US persons. Any yields and other figures represented in this document are estimates and are not guaranteed.
Cozy FinanceHow to Buy Protection on Cozy v2
DeFi can offer valuable opportunities but those opportunities come with risks, like security vulnerabilities. The Cozy v2 Protocol (Cozy v2) offers a way to protect against those risks. In this post, we walk through the process of buying protection on Cozy v2 step by step.Step 1: visit Cozy and choose a marketVisit the Cozy v2 app. You'll see a list of available markets, each representing a specific DeFi protocol or asset. Find the one for which you want protection, like Lido staked ETH ...
Cozy FinanceHow to Create Protection Markets with Cozy v2
Historically, only a fraction of projects that suffered hacks had protection available on any platform. This is largely because of the cumbersome processes required by protection platforms to support new projects. Cozy v2 changes this with a permissionless interface, enabling the creation of markets covering any protocol. In this blog post, discover how Cozy v2 empowers yield seekers and project leaders to develop and access customizable protection markets.Permissionless and Modular Market Cr...
Cozy FinanceHow Cozy Protection Works: Euler Case Study
The Cozy v2 Protection Life CycleIn early March of 2023, Euler Finance was hacked for nearly $200M. At the time, Cozy v2 was in early access and had an active Euler Finance market. This market triggered and paid out. This post guides you through the entire Cozy v2 protection life cycle, using the Euler market as an example. It details each step, from purchasing and pricing to maturation, decay, market triggers, and claiming or selling back protection.Purchasing and Pricing ProtectionFirst, th...
Cozy FinanceHow to Buy Protection on Cozy v2
DeFi can offer valuable opportunities but those opportunities come with risks, like security vulnerabilities. The Cozy v2 Protocol (Cozy v2) offers a way to protect against those risks. In this post, we walk through the process of buying protection on Cozy v2 step by step.Step 1: visit Cozy and choose a marketVisit the Cozy v2 app. You'll see a list of available markets, each representing a specific DeFi protocol or asset. Find the one for which you want protection, like Lido staked ETH ...
Cozy FinanceHow to Create Protection Markets with Cozy v2
Historically, only a fraction of projects that suffered hacks had protection available on any platform. This is largely because of the cumbersome processes required by protection platforms to support new projects. Cozy v2 changes this with a permissionless interface, enabling the creation of markets covering any protocol. In this blog post, discover how Cozy v2 empowers yield seekers and project leaders to develop and access customizable protection markets.Permissionless and Modular Market Cr...
Cozy FinanceHow Cozy Protection Works: Euler Case Study
The Cozy v2 Protection Life CycleIn early March of 2023, Euler Finance was hacked for nearly $200M. At the time, Cozy v2 was in early access and had an active Euler Finance market. This market triggered and paid out. This post guides you through the entire Cozy v2 protection life cycle, using the Euler market as an example. It details each step, from purchasing and pricing to maturation, decay, market triggers, and claiming or selling back protection.Purchasing and Pricing ProtectionFirst, th...
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